EIA reports higher than expected natural gas storage change of 48B in the US

    by VT Markets
    /
    Jul 31, 2025
    The United States Energy Information Administration (EIA) reported a natural gas storage increase of 48 billion cubic feet on July 25, 2025. This was higher than the expected 38 billion cubic feet. The Australian dollar struggled against the US dollar, trading between 0.6430 and 0.6420 due to the increasing strength of the US dollar. Meanwhile, the Euro gained ground against the dollar, reaching 1.1460 despite the US dollar’s overall strength.

    Gold And Ripple Market Overview

    Gold experienced selling pressure, testing $3,300 per troy ounce amid lower US yields and slight losses in the US dollar. Ripple (XRP) dropped to $3.09 after struggling to break past $3.32, reflecting a shift in market sentiment after the Federal Reserve’s interest rate decision. The Federal Open Market Committee (FOMC) had mixed opinions on the impact of tariffs, expressing concerns about labor market risks and inflation. Interest in EUR/USD trading and leveraged trading options shows the dynamic nature of the Forex market. The larger-than-expected 48 billion cubic feet increase in natural gas storage on July 25 suggests a well-supplied market. This could be seen as a bearish sign, as consistent inventory builds during the summer of 2024 led to lower prices in the fall. It may be wise to consider buying put options on natural gas futures or taking short positions to benefit from this supply surplus. The Euro has shown resilience against the US dollar, returning to 1.1460. This strength suggests positive momentum, especially since the recent Eurozone PMI data reached a six-month high. Buying call options on EUR/USD, aiming for the 1.1500 resistance level seen earlier this year, could be a good strategy. Conversely, the Australian dollar remains weak, hovering around 0.6420. This level has been a key support zone in the past, especially in the second half of 2024. If it breaks lower, it could lead to further declines, making put options on the AUD/USD a good hedge or speculative option. Gold is testing the $3,300 per ounce level, indicating significant selling pressure despite a small decline in US yields. This suggests that selling is overshadowing the usual factors that drive gold prices. Open interest for put options at a $3,250 strike price has risen over 12% this past week, indicating traders are anticipating a potential price drop.

    Ripple And FOMC Insights

    Ripple’s inability to break the $3.32 resistance level last week means buying momentum is waning. The move down to $3.09 shows that sellers are taking charge, with trading volume dropping nearly 25% since the rejection. We should keep an eye on the $3.00 psychological support level, as dropping below this could speed up a downward trend. The split within the FOMC regarding tariffs and inflation creates uncertainty in the market. This disagreement, evident in the July meeting minutes, makes the upcoming August inflation report crucial. This environment is likely to see increased volatility, as the Cboe Volatility Index (VIX) has risen from 14 to 17 this month. Strategies like buying straddles on major indices could be a smart way to capitalize on potential sharp moves. Create your live VT Markets account and start trading now.

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