Germany to extend the life of its last three nuclear power plants – report


A little common sense has finally appeared in German energy policy. All it took was a 6x increase in electricity prices to convince them that unreliable solar and wind were not the answer to all the problems.

TTF prices came back flat today after rising 7% and this may be part of the reason. The last three nuclear power plants were due to close in December. This decision was reaffirmed in March, but these security concerns suddenly disappeared.

If there was ever a clear sign of an industry bottom, this is it. The future is much brighter for nuclear than it was 5 years ago, although the fighting around the nuclear plant in Ukraine is not exactly comforting.

Additionally, there is a pragmatism that could go back to energy policy in general that will be built around affordability and reliability rather than idealism. This is bullish for fossil fuels (especially natural gas), nuclear and coal.

In FX, the Euro is slightly higher today but lost ground in the fix. USD

USD

The Euro (EUR) is the official currency of the European Union (EU) and 19 of the 27 member states at the time of writing. It is the second most traded currency in the world on the foreign exchange markets after the US dollar. The euro was initially introduced on January 1, 1999, after replacing the European currency unit. Euro banknotes and physical coins only entered circulation in 2002. Upon its adoption, the euro replaced national currencies in participating EU member states. Its rise in value since then and its prominence in the global market have helped cement its status as one of the most important currencies in the forex market today. Along with the USD, the currency pair is easily among the most important for forex, given its exposure to the two major economic blocs. What factors affect the euro? Several factors affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB). The ECB is responsible for regulating monetary policy, money supply, interest rates and the relative strength of the euro. Euro traders are regularly on the lookout for any ECB decision or announcement for this reason. With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include the Greek debt crisis and Brexit, among others, which can have a serious impact on the Euro. Finally, economic data from the bloc or from key member states such as Germany, France, Spain and others are also closely watched. This includes retail sales, unemployment claims, gross domestic product (GDP) and others.

The Euro (EUR) is the official currency of the European Union (EU) and 19 of the 27 member states at the time of writing. It is the second most traded currency in the world on the foreign exchange markets after the US dollar. The euro was initially introduced on January 1, 1999, after replacing the European currency unit. Euro banknotes and physical coins only entered circulation in 2002. Upon its adoption, the euro replaced national currencies in participating EU member states. Its rise in value since then and its prominence in the global market have helped cement its status as one of the most important currencies in the forex market today. Along with the USD, the currency pair is easily among the most important for forex, given its exposure to the two major economic blocs. What factors affect the euro? Several factors affect the euro. Like most currencies, monetary policy is the most influential, which in this case refers to the European Central Bank (ECB). The ECB is responsible for regulating monetary policy, money supply, interest rates and the relative strength of the euro. Euro traders are regularly on the lookout for any ECB decision or announcement for this reason. With 19 sovereign member states, the euro is particularly vulnerable to political developments. Recent examples include the Greek debt crisis and Brexit, among others, which can have a serious impact on the Euro. Finally, economic data from the bloc or from key member states such as Germany, France, Spain and others are also closely watched. This includes retail sales, unemployment claims, gross domestic product (GDP) and others.
Read this term/USD is up 18 pips on the day.


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