Natural Gas Price Rises As Triggered By Putin’s Rhetoric That He Will ‘Demand Rouble Gas Payments’

Podcast: The Weak Equity Market, Focus On Copper, The Euro Situation

According to Investing.com Russia could require gas payment in roubles what clearly affects both Forex pairs (e.g. EUR/RUB) and natural gas price (TTF) which has increased by 31%. What’s more MOEX is back to the game after such a long break. Some companies have gained significantly already and many would like to know what’s ahead. Generally speaking Russian currency and Russia-associated markets are really volatile at the moment and there are many assets to watch in the following days.

Let’s begin with natural gas price. Obviously monthly chart (yes, it’s been one month since the warfare started) shows the fluctuations caused by the start of invasion which took place on February 24th We may say that the true rise came few days later, as negotiations of cease-fire haven’t changed a thing and sanctions have begun to impact the markets. Further developments containing some signals of a ceasefire appeared not to coincide with the reality heading price of natural gas to a next rise.

Natural Gas Price Chat (TTF) – monthly 24/02-23/03 - +31%

Natural Gas Price Rises As Triggered By Putin’s Rhetoric That He Will ‘Demand Rouble Gas Payments’ - 1

Natural Gas Price Chart (TTF) Daily 22-23/03/22 +18.5%

Natural Gas Price Rises As Triggered By Putin’s Rhetoric That He Will ‘Demand Rouble Gas Payments’ - 2

Russian Roubel (RUB) – Forex Charts +11%

Monthly chart shows a huge decline and strengthening of RUB.

EUR/RUB Chart - Monthly +6%

Natural Gas Price Rises As Triggered By Putin’s Rhetoric That He Will ‘Demand Rouble Gas Payments’ - 3

EUR/RUB Chart - Daily (24h)

Natural Gas Price Rises As Triggered By Putin’s Rhetoric That He Will ‘Demand Rouble Gas Payments’ - 4

Source/Data: Investing.com, TradingView.com

Charts: Courtesy of TradingView.com

 

Podcast: The Weak Equity Market, Focus On Copper, The Euro Situation

Mikołaj Marcinowski

Business Development Manager FXMAG

Journalist, finance passionate