In Minnesota, where my son is studying, they had the first snow this week.
They are playing a soccer game with a temperature of 3 degrees.
Crude oil and U.S. natural gas prices have reversed in October.
Meanwhile, European natural gas prices, which had remained high, have been declining since September.
We enter the winter season with supply constraints, but are there any risk of another sharp rise in prices?
U.S. natural gas price in orange, European Nat Gas in green, and oil in blue.
Coordinated intervention is the near-term risk for those long the dollar.
At this stage, the U.S. is ignoring pressure from other countries.
How much longer can it continue?
The dollar's appreciation against the yen is large relative to the pound and the dollar index. The impression is that it is oversold by about 8%.
Will it get back to ¥136 or will other currencies be sold more?
Long dollar is the only chance for a comeback this year.
Dollar index in orange, dollar-yen in blue, dollar-euro in red, dollar-pound in green