NATGAS: QatarEnergy, Woodside in Talks on Long-Term US Supply Deal

Oct-23 18:14

You are missing out on very valuable content.

QatarEnergy is in talks to purchase up to 3 MTPA of LNG from Woodside Energy's Louisiana LNG facilit...

Historical bullets

US: Bloomberg covering an earlier reported headline from Reuters re the [...]

Sep-23 18:02
  • Bloomberg covering an earlier reported headline from Reuters re the Politico report that the US is considering a diesel export ban being fake news.
  • This from Reuters: "(A report that the US is considering a 90-day ban of diesel exports in an attempt to control record fuel prices is "fake news," a White House official said on Wednesday.
  • -- US Energy Secretary Chris Wright said earlier in the day that such a ban would not work and could boost gasoline and jet fuel prices, but the US was discussing voluntary measures.
  • -- The White House official said a report the US is considering a flat, temporary export ban was not correct."

GBPUSD TECHS: Trading Below Resistance

Sep-23 18:00
  • RES 4: 0.8694 High Jun 22 
  • RES 3: 0.8652 High Jun 26 
  • RES 2: 0.8635 76.4% retracement of the Jun 22 - Jul 15 bear leg
  • RES 1: 0.8611 High Sep 14 / 17 and a bull trigger 
  • PRICE: 0.8598 @ 16:58 BST Sep 23
  • SUP 1: 0.8553 Low Sep 14 and 15 
  • SUP 2: 0.8532 Low Aug 12 and key S/T support  
  • SUP 3: 0.8518/8455 Low Jul 22 / 15 and the bear trigger
  • SUP 4: 0.8443 2.236 projection of the May 18 - 25 - Jun 22 swing  

EURGBP is unchanged and continues to trade in a range. Firm support to watch lies at 0.8532, the Aug 12 low. A clear break of this price point would highlight a reversal of the recent corrective bull cycle that started mid-July. Note that M/T trend signals continue to highlight a dominant downtrend. For bulls, the Sep 14 high of 0.8611 marks key resistance and a short-term bull trigger. A break of this hurdle would confirm a resumption of the correction.

LOOK AHEAD: Thursday Calendar: Wkly Claims, Home Sales, Fed Speak, 7Y Note Sale

Sep-23 17:59
  • US Data/Speaker Calendar (prior, estimate). All times ET
  • 09/24 0410 NY Fed Williams moderated discussion
  • 09/24 0830 Richmond Fed Barkin fireside chat Economic Club of Washington
  • 09/24 0830 Initial Jobless Claims (196k, 200k)
  • 09/24 0830 Continuing Claims (1.730M, 1.740M)
  • 09/24 0830 Current Account Balance (-$226.8B, -$258.1B)
  • 09/24 0850 Cleveland Fed Hammack opening remarks inflation conf (no text, no Q&A)
  • 09/24 1000 New Home Sales (607k, 616k), MoM (-10.5%, 1.3%)
  • 09/24 1010 Philly Fed Paulson fintech conference (text, no Q&A)
  • 09/24 1100 Kansas City Fed Manf. Activity (10, 8)
  • 09/24 1130 US Tsy $90B 4W & $85B 8W bill auctions
  • 09/24 1300 US Tsy $44B 7Y Note auction (91282CRM5)
  • 09/24 Building Permits (1.394M prior). MoM (-2.7% prior)
  • Source: Bloomberg Finance L.P. / MNI