Funds slash TTF net longs by 32.8TWh in latest week – ING

Investment funds reduced their net long exposure in TTF natural gas by 32.8TWh to 127.5TWh last week. Still, the recent rally in European gas prices suggests fund positioning may have rebounded since the reporting cut-off, ING's commodity experts Ewa Manthey and Warren Patterson note.

TTF long positions dip, but market likely rebuilding

"The latest positioning data shows that investment funds cut their net long in TTF natural gas by 32.8TWh to 127.5TWh over the last reporting week. However, given the strength seen in European gas prices so far this week amid secondary tariffs concerns about Russian energy, the current fund position is likely somewhat larger."

Jul 31, 2025

AUD/JPY remains stronger near 96.50 after Australia’s economic data, BoJ policy decision

AUD/JPY rises around 0.50% after registering losses in the previous session, trading around 96.60 during the European hours on Thursday. The currency cross appreciated as the Australian Dollar (AUD) received support after the release of key economic data from Australia and China.

USD: Dollar rally can go a bit further – ING

The dollar continued to appreciate in line with our call, as GDP data came in stronger than expected and the Fed gave no hints of bending to Trump’s pressure, ING's FX analyst Francesco Pesole notes.