LNG: Malaysia LNG Restored Normal Operations: Platts
Apr-30 12:55
Malaysia LNG, a Petronas subsidiary, has restored normal operations at its Bintulu LNG complex after...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CANADA: Goldman Sachs Lower USDCAD Forecasts
Mar-31 12:50
- On the other hand, Goldman Sachs have noted the slightly firmer CAD across March and indicate a couple of factors behind their decision to trim the upside in their USDCAD forecasts. First, tariff focus has shifted away from Canada and towards other regions, probably rightly so given the potential protections under USMCA. Secondly, markets have grown more optimistic on fiscal spending in Canada, alongside investors also turning more hopeful on the ability for the Canadian government to negotiate with the US under a new PM.
- While GS believe the balance of risks to the local currency continues to lean to the bearish side, it has turned slightly less negative. As a result, GS are lowering their USDCAD forecasts to 1.44 in 3, 6, and 12m from 1.46 previously.
- We would note that a return lower and clearance of 1.4235, the Mar 26 low, would be required to undermine the technical bull theme, thereby highlighting the potential for a test of 1.4151, the Feb 14 low and a bear trigger. Alongside NFP this Friday, markets will also receive Canadian employment data.
CANADA: USDCAD Trend Signals Remain Bullish
Mar-31 12:47
- USDCAD has risen 0.4% Monday, and the firm start to the week has seen spot move above last week’s high. Trend signals continue to highlight a dominant uptrend for the pair and price action has narrowed the gap to initial resistance at 1.4402 (Mar 20 high). Above here, the bull trigger remains at 1.4543, the Mar 4 high.
- While USDCAD remains around unchanged levels on the year, the 4% decline for the US dollar index shows the Canadian dollar remains a clear underperformer in 2025 as tariff considerations continue to permeate. Indeed, JP Morgan have noted that Canada remains disproportionately exposed to sectoral tariffs generally.
- Additionally, JPM highlight that most recent comments by PM Carney regarding structural economic adjustments in Canada will be tough to implement. In their opinion, such a backdrop goes some ways to explain CAD’s YTD underperformance in the G10 space.
STIR: BLOCK, Large Dec'25 SOFR Call Condor
Mar-31 12:43
- Block, 30,000 SFRZ5 96.25/96.50/96.75/97.00 call condors, 5.0 from 0833:27-0834:49ET
- adds to 10,000 earlier at 4.5
Related bullets
Related by topic
Energy Data
US Natgas
TTF ICE
Asia LNG
Gas Positioning
Malaysia
