February 21, 2014 8:15 am
The yen fell against the US dollar, after trading little changed in the last two days, on expectations Japans economy may slow down in 2014, due to an unprecedented trade deficit and an April sales-tax increase, which could undermine BoJ efforts for sustainable recovery. USD/JPY touched a session high at 102.61 at 05:15 GMT, after […]
Read moreFebruary 20, 2014 3:07 pm
Grain futures were mixed on Thursday, corn traded close to the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat touched a two-month high, while soybeans traded little changed. On the Chicago Board of Trade, corn futures for March delivery traded little changed at $4.5313 a bushel by […]
Read moreFebruary 20, 2014 2:51 pm
The loonie, as the Canadian dollar is best known, declined to a two-week low against its US counterpart, after a report revealed the manufacturing activity in the US accelerated at the fastest pace since May 2010 last month, easing concerns over the US economic outlook. USD/CAD hit a two-week high at 1.1093 at 13:40 GMT, […]
Read moreFebruary 20, 2014 1:24 pm
Natural gas swung between gains and losses after hitting a more than 5-year high as the extremely cold weather in the US boosted massive demand for the heating fuel, at a time when stockpiles are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared […]
Read moreFebruary 20, 2014 10:36 am
The euro retreated from the strongest level in seven weeks against the US dollar, after preliminary data showed indexes of manufacturing and services were weaker than expected in February, fueling speculation the euro zone recovery may loose momentum. EUR/USD hit a session low at 1.3686 at 08:25 GMT, after which consolidation followed at 1.3697, losing […]
Read moreFebruary 20, 2014 9:22 am
The yen advanced against the US dollar on Thursday, after Asian equities plunged following a report that showed manufacturing activity in world’s second largest economy slowed down in February, boosting demand for haven assets. USD/JPY touched a session low at 101.67 at 08:18 GMT, after which consolidation followed at 101.79, losing 0.51% for the day. […]
Read moreFebruary 20, 2014 8:13 am
Gold declined for a third day on expectations the Federal Reserve Bank will keep cutting stimulus at each policy meeting, before exiting the program at the end of the year and as assets in the SPDR Gold Trust, the biggest bullion-backed ETF, shrank by the most in two months. On the Comex division of the […]
Read moreFebruary 19, 2014 3:59 pm
Grain futures were mixed on Wednesday, corn touched the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat also gained, while soybeans edged lower. On the Chicago Board of Trade, corn futures for March delivery added 0.32% to trade at $4.5063 a bushel by 15:55 GMT. Futures hit […]
Read moreFebruary 19, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, fell to the lowest level in a week against its US counterpart, as Canadian wholesale sales plunged to a 6-month low, fueling speculation the recent severe weather may have slowed the nations economic growth. USD/CAD hit a session high at 1.1040 at 15:17 GMT, after which […]
Read moreFebruary 19, 2014 12:37 pm
The pound extended yesterdays losses to further distance from a 4-year high, after data revealed the UK unemployment rate unexpectedly rose in the three months through December, easing concerns BoE may raise interest rates sooner-than-projected. GBP/USD hit a session low at 1.6637 at 12:24 GMT, after which consolidation followed at 1.6646, losing 0.23% for the […]
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