European gas prices continue to decline, driven by unseasonably mild weather that has dampened demand. Despite the current bearish sentiment, ING commodity analysts Ewa Manthey and Warren Patterson highlight that the EU's below-average storage levels and the prevalence of short positions in the market could offer support should colder weather return later this month.
This dynamic is likely to influence related currency pairs, particularly as the USD and EUR respond to shifts in energy prices. Traders will be closely monitoring these developments, as an uptick in gas demand could impact exchange rates and trading strategies. The delicate balance between current market trends and potential weather changes remains pivotal for future price movements in the energy sector and associated forex markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 09:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.