February 27, 2014 1:31 pm
Grain futures were mixed on Thursday, wheat declined, but headed for the largest monthly increase in 1-1/2 years as the recent adverse weather conditions in the US, the biggest global exporter, were seen harming crops. Meanwhile, corn declined, while soybeans touched a 6-month high amid recent drought in Brazil, the second-largest exporter of the grain. […]
Read moreFebruary 27, 2014 11:03 am
The Japanese yen advanced to the strongest level in more than a week against the US dollar as the rising tension in Ukraine and the complicated geopolitical situation on the Crimea peninsula, boosted demand for the Japanese currency as a safe-haven. USD/JPY hit a session low at 101.73 at 10:50 GMT, after which consolidation followed […]
Read moreFebruary 27, 2014 10:11 am
The euro declined to the weakest level in two weeks against the US dollar after it became clear the fourth largest euro zone economy, Spain, grew at a slower than previously estimated pace in the fourth quarter, while loans to the euro zone private sector fell for the 21st straight month, adding to concerns over […]
Read moreFebruary 27, 2014 8:57 am
Natural gas declined a fourth day to touch the weakest level in a month as long-term weather forecasting models called for a warm-up in the US during the second week of March, easing natural gas and heating demand. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April fell by 1.3% to […]
Read moreFebruary 27, 2014 8:17 am
Gold extended a drop from 17-week high as better-than-expected US housing data added to expectations the Federal Reserve will keep reducing stimulus in measured steps, before exiting the program at the end of the year. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday after gaining for three days, the longest […]
Read moreFebruary 26, 2014 3:41 pm
The loonie, as the Canadian dollar is best known, dropped for a second day against its US counterpart, after new home sales in the US rose to a five-yer high, fueling speculation Federal Reserve Chair Janet Yellen will back stimulus taper in her testimony before the Senate tomorrow. USD/CAD touched a session high at 1.1117 […]
Read moreFebruary 26, 2014 2:38 pm
Grain futures declined on Wednesday, soybeans eased off from the strongest level in more than five months amid expectations for ample global supply. On the Chicago Board of Trade, soybeans futures for settlement in May fell by 0.26% to trade at $13.8328 per bushel by 14:32 GMT. Prices touched a session high at $13.8812 per […]
Read moreFebruary 26, 2014 1:04 pm
Natural gas extended a two-day decline to touch one-month low as long-term weather forecasting models called for a warm-up in the US during the second week of March, easing natural gas and heating demand. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April fell by 4.04% to trade at $4.502 per […]
Read moreFebruary 26, 2014 10:56 am
The pound advanced for a third day against the US dollar, after revised data showed the UK economy expanded in line with preliminary estimates in the fourth quarter, adding to evidence the UK economy is gaining traction. GBP/USD hit a session high at 1.6701 at 09:30 GMT, after which consolidation followed at 1.6695, adding 0.08% […]
Read moreFebruary 26, 2014 10:43 am
The euro traded little changed against the US dollar, even though the European Commission raised its GDP growth forecast for the euro zone in 2014. EUR/USD touched a session low at 1.3734 at 08:05 GMT, after which the pair traded little changed at 1.3739 at 10:42, losing 0.04% for the day. Support was likely to […]
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