-
EUR/USD chart analysis: parity breached - could Europe gas crisis drive euro below 0.96?
The euro broke below the parity level (1.0000) against the US dollar again on August 23, 2022, following a fresh wave of selling pressure prompted by deteriorating risk sentiment in Europe. The latest movement of the EUR/USD is not driven by the widening of interest rate differentials between the Fed and the ECB this time, but rather by the broadening of the price differential between European and US natural gas. The US Henry Hub’s discount to the European Dutch TTF widened to a record high of $63/MMBtu as Europe gas crisis worsened after Gazprom decided to temporarily stop gas supplies through Nord Stream.
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 22, 2022 9:47am Aug 22, 2022 9:47am
- sfrankenfx
- | Joined Apr 2022 | Status: Member | 197 Comments
- Comment #2
- Quote
- Aug 22, 2022 10:12am Aug 22, 2022 10:12am
- chemosi
- | Joined Jan 2016 | Status: Member | 662 Comments
- Comment #3
- Quote
- Aug 22, 2022 10:42am Aug 22, 2022 10:42am
- sfrankenfx
- | Joined Apr 2022 | Status: Member | 197 Comments
- Comment #4
- Quote
- Aug 22, 2022 11:05am Aug 22, 2022 11:05am
- Expo33
- Joined Aug 2013 | Status: Member | 433 Comments | Online Now
Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
-2.7%
- Comment #5
- Quote
- Aug 22, 2022 11:10am Aug 22, 2022 11:10am
- sfrankenfx
- | Joined Apr 2022 | Status: Member | 197 Comments
- Comment #6
- Quote
- Aug 22, 2022 11:28am Aug 22, 2022 11:28am
- sfrankenfx
- | Joined Apr 2022 | Status: Member | 197 Comments
- Comment #7
- Quote
- Aug 22, 2022 11:39am Aug 22, 2022 11:39am
- GnarlyPips
- | Joined Apr 2012 | Status: Toker | 55 Comments
Play the players, not the cards.
- Comment #8
- Quote
- Aug 22, 2022 11:42am Aug 22, 2022 11:42am
- chemosi
- | Joined Jan 2016 | Status: Member | 662 Comments
- Comment #9
- Quote
- Aug 22, 2022 11:43am Aug 22, 2022 11:43am
- UKBanter
- | Joined Mar 2017 | Status: Member | 938 Comments
The elites think we are stupid. They are in the main quite correct.
- Comment #10
- Quote
- Aug 22, 2022 12:01pm Aug 22, 2022 12:01pm
- sfrankenfx
- | Joined Apr 2022 | Status: Member | 197 Comments