• Natural Gas up over 1% in European trading. 
• Traders are sending Gas higher in an inverse correlation with a weaker US Dollar. 
• The US Dollar Index is flat to mildly in the red with markets catching up after Monday’s US holiday.

Natural Gas (XNG/USD) is jumping back above $1.65 and is trying another attempt to snap its losing streak. The countermove gets a bit of help from the US Dollar which is retreating a touch just hours before the US opening bell. Selling pressure meanwhile comes from European headlines where Natural Gas is facing even more headwinds. 

The US Dollar (USD) is retreating a touch on Tuesday with US markets getting ready to catch up after their public holiday on Monday. Traders are sending European bond yields higher after the European Central Bank Report (ECB) shows European wages are still very elevated. The Euro is up against the US Dollar, which makes the US Dollar Index (DXY) retreat a touch. 

Natural Gas is trading at $1.66 per MMBtu at the time of writing.  

Natural Gas market movers: EU headlines are remaining an issue

• EU member states and the EU parliament have agreed on a framework to certify carbon removals, which is part of an effort to pull carbon dioxide out of the atmosphere and cut emissions further.
•  Several companies have asked the EU to cut energy costs and the regulatory burden for green rules, in order to maintain competitiveness with China. 
• Windy weather in Europe is increasing energy production via wind turbines, reducing the need for Natural Gas in an already tepid demand climate. 
• Record deliveries from Qatar to Europe in LNG were recorded last week.