EU’s Energy Chief Simson: A deal on the gas price cap is within reach

Kadri Simson, the European Commissioner for Energy, said in a statement on Monday, “I believe a deal on the gas price cap is within reach.”

Meanwhile, European Council President noted that “I believe the gas price cap amount to be under €200.”

Market reaction

WTI is testing daily lows near $74 on theese above comments. The US oil is down 0.48% on the day.

Dec 19, 2022

ECB’s de Guindos: Central bank will hike interest rates further

European Central Bank (ECB) Vice-President Luis de Guindos said on Monday that the central bank will hike interest rates further. Although he was quic

USD Index could sink back to the 104.00/10 area this week – ING

US Dollar stays on the defensive amid a cautious start to the week. Economists at ING believe that DXY could dip back to the 104.00/10 zone. US data u