February 26, 2014 7:55 am
Gold traded little changed, but close to 17-week high as market players weighed weaker-than-expected US economic data against waning demand at higher prices. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for a third day, the longest streak of gains since November 2012 and were poised for the first monthly increase […]
Read moreFebruary 25, 2014 3:40 pm
Grain futures lost ground on Tuesday, corn retreated from yesterdays five-month high as investors deemed the rally excessive after a government report showed production in the US, the world’s biggest exporter of the grain, may surge to a record high this year. On the Chicago Board of Trade, corn futures for May delivery lost 0.61% […]
Read moreFebruary 25, 2014 3:20 pm
The loonie, as the Canadian dollar is best known, fell against its US counterpart, despite data showed US consumer confidence decreased this month. However, greenbacks demand was supported after it became clear that US home prices rose in line with analysts expectations, one month after capping the largest advance in almost 8 years. USD/CAD hit […]
Read moreFebruary 25, 2014 12:56 pm
The pound advanced for a second day against the US dollar, after industry data revealed mortgage approvals in the UK rose to a six-year high, while at the same time UK retail sale volumes hit the strongest level in 1-1/2 years, adding to evidence the recovery is gaining traction. GBP/USD touched a session high at […]
Read moreFebruary 25, 2014 10:08 am
Natural gas rebounded from yesterdays two-week low as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose […]
Read moreFebruary 25, 2014 9:16 am
The euro advanced against the US dollar on Tuesday, after data revealed the largest euro zone economy, Germany, expanded in the fourth quarter at the fastest annualized pace since the three months through March 2012. However, gains were limited as annual inflation in the euro zone remained under 1% for a fourth month and after […]
Read moreFebruary 25, 2014 7:51 am
Gold traded below a 4-month high as some market players reckoned the rally overdone amid expectations the Federal Reserve will continue tapering in measured steps throughout 2014, before exiting the program at the end of the year. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for a second day, the longest […]
Read moreFebruary 24, 2014 3:42 pm
Grain futures were mixed on Monday, corn eased off from the strongest level in almost five months after a government report showed production in the US, the worlds biggest exporter of the grain, may surge to a record high this year. Meanwhile, soybeans and wheat advanced. On the Chicago Board of Trade, corn futures for […]
Read moreFebruary 24, 2014 2:43 pm
The yen advanced against the US dollar on trading Monday after Chinese stocks led drops in Asian shares, boosting demand for the Japanese currency as a safe-haven. USD/JPY hit a session low at 102.17 at 04:15 GMT, after which consolidation followed at 102.41, losing 0.1% for the day. Support was likely to be received at […]
Read moreFebruary 24, 2014 1:46 pm
Natural gas advanced on Monday as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose by 1.64% […]
Read more