February 24, 2014 12:55 pm
The euro trimmed daily gains against the US dollar on Monday to trade little changed, as annual inflation in the euro zone remained under 1% for a fourth month and after the European Central Bank President Mario Draghi reiterated that the central bank is ready to ease monetary policy as early as next month if […]
Read moreFebruary 24, 2014 10:30 am
The sterling snapped a five-day drop against the US dollar on Monday, after Mark Carney, Governor of Bank of England pledged the central bank will help the UK economy in its struggle to recover. GBP/USD hit a session high at 1.6679 at 10:00 GMT, after which consolidation followed at 1.6661, adding 0.28% for the day. […]
Read moreFebruary 24, 2014 7:57 am
Gold traded close to the strongest level in almost four months, after downbeat US data added to concerns that the economy has lost momentum in 2014 due to the inclement weather, boosting demand for the yellow metal as a safe-haven. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were increased for the first […]
Read moreFebruary 23, 2014 11:09 am
The euro erased daily losses against the US dollar on Friday to register a third weekly advance, after data revealed that the number of existing homes sold in the US fell to an 18-month low in January, which added to concerns that the severe weather conditions may have slowed the growth of the US economy. […]
Read moreFebruary 22, 2014 8:24 am
Gold advanced on Friday for the first time in three days after a drop in US home sales reinforced concerns that the economy is weaker than expected, boosting demand for the yellow metal as a haven asset. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, are heading for the first monthly inflow since […]
Read moreFebruary 21, 2014 2:47 pm
The loonie, as the Canadian dollar is best known, declined to the weakest level in three weeks against its US counterpart, after data revealed Canadian retail sales declined the most in a year in December. USD/CAD touched a session high at 1.1196 at 13:30 GMT, after which consolidation followed at 1.1151, adding 0.46% for the […]
Read moreFebruary 21, 2014 1:50 pm
Grain futures declined on Friday, soybeans lost ground after the US Department of Agriculture announced its forecasts that US farmers will plant a record amount of the oilseed in the 2014-15 season, which begins in April-May. On the Chicago Board of Trade, soybeans futures for settlement in March lost 0.13% to trade at $13.5588 per […]
Read moreFebruary 21, 2014 1:08 pm
Natural gas was close to cap its biggest weekly gain since October 2010, after yesterday futures advanced to a five-year high as the dangerously cold weather in the US depleted stockpiles at a furious pace, sending them to a 10-year seasonal low, EIA data showed yesterday. On the New York Mercantile Exchange (NYMEX), natural gas […]
Read moreFebruary 21, 2014 10:35 am
The pound advanced against the US dollar, but gains were limited, after data revealed UK retail sales expanded at a slower-than-expected pace in January. GBP/USD hit a session high at 1.6688 at 09:47 GMT, after which consolidation followed at 1.6670, adding 0.11% for the day. Support was likely to be received at February 13th low, […]
Read moreFebruary 21, 2014 9:03 am
Gold advanced on Friday and was poised for a third weekly gain, as few downbeat US reports added to signs of uneven US economic recovery. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Thursday, after shrinking by the most in two months. On the Comex division of the New York […]
Read more