Natural Gas News: Futures Rally on Arctic Blast Forecast and Bullish Inventory Report.Natural gas prices rally as cold weather and a bullish storage report drive demand. Traders eye $4.020 key target level as futures push higher.
What Next: RBA and RBNZ Rates and Flash PMIs.In the coming week, the key scheduled macroeconomic events include rate decisions in Australia and New Zealand, Canadian inflation data, and Flash PMIs for Europe.
Weekly Economic & Financial Commentary: FOMC in No Hurry.A hot reading on the CPI to start 2025 amplified worries that progress in getting inflation back to target has stalled out as new risks arrive from changing trade policy. Meanwhile, retail sales unexpectedly plunged in January, suggesting consumers tightened their belts to start the year.
Canada's Headline Inflation Growth to Slow Again on Tax Holiday.Canada's January inflation data will continue to be distorted by the temporary GST/HST tax holiday running from mid-December to mid-February. The drop in taxes lowered price growth by about 0.4% in December, slowing to 1.8% year-over-year in December from 1.9% in November.