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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
WEATHER
US cooling demand for the week ending Sep. 7 is forecast to be 8 cooling degree days (CDD) above the long-term normal, according to Bloomberg, citing the NOAA.
- The regions with the largest deviation from the normal are the Pacific, 36 CDD above average, Mountain, 28 CDD above average, and E S Central, 7 CDD below average.
- In terms of states with the greatest deviations, Nevada is forecast to be +55 CDD above average, followed by California at +37 CDD above normal and Arizona at +30 CDD above average.
- This week’s total forecast for CDD is 56, compared to a normal of 48 and down from the actual figure of 74 from last week.
- During the week to Aug. 31, the US was 19 CDD above normal.
- Arizona and Oklahoma were the states with the highest total CDD at 126 CDD, 3 CDD below average and 31 CDD above average respectively.
- CDD measures the number of degrees that the mean daily temperature is above 65 degrees Fahrenheit, summed across an entire week. Greater values signify higher heating demand.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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