February 19, 2014 10:36 am
Natural gas soared to the strongest level in more than four years, following a speculation for a larger than the 5-year average drop in US gas stockpiles, after the strong winter storm that tracked across the Northern US yesterday, boosted demand for the power station fuel, at a time when stockpiles are already at a […]
Read moreFebruary 19, 2014 9:06 am
The euro rose to a seven-week high against the US dollar before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day amid speculation Fed officials may not back further stimulus cuts as the US economic recovery seems to lose momentum. EUR/USD touched a seven-week-high at 1.3774 […]
Read moreFebruary 19, 2014 7:52 am
Gold extended a drop from the strongest level in 3-1/2 months amid speculations Federal Reserve minutes will reveal Fed officials backing further stimulus reductions. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a second day, after capping three 5-day periods of advances last week, the longest run since August. On […]
Read moreFebruary 18, 2014 3:36 pm
Grain futures advanced, corn rose to the strongest level since October, on speculation the dry weather in Brazil may harm crops. Meanwhile, soybeans increased to a 5-month high, while wheat touched the strongest level in more than a month. On the Chicago Board of Trade, corn futures for March delivery added 0.34% to trade at […]
Read moreFebruary 18, 2014 2:21 pm
The euro advanced to the strongest level in six weeks against the US dollar, after a report revealed today that the New York Federal Reserve’s index of manufacturing conditions declined more sharply than expected in February, adding to speculations the Federal Reserve may slow the pace of tapering stimulus as the US economy seems to […]
Read moreFebruary 18, 2014 1:09 pm
Natural gas extended yesterday’s gains as a winter storm tracked across the northeastern part of the US, lowering temperatures to much-below-normal and boosting demand for the power station 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 18, 2014 11:10 am
The pound retreated from more than a four-year high against the US dollar, after a report revealed the UK annual inflation rate unexpectedly fall below Bank of Englands target in January for the first time since November 2009. GBP/USD hit a session high at 1.6742 at 06:05 GMT, after which the pair erased daily gains […]
Read moreFebruary 18, 2014 9:07 am
The yen declined a second day to the weakest in more than two weeks against the US dollar, after Bank of Japan boosted lending programs and announced it will continue easing monetary policy until the inflation target of 2% is reached. USD/JPY hit a session high at 102.75 at 05:15 GMT, after which consolidation followed […]
Read moreFebruary 18, 2014 8:12 am
Gold traded little changed after touching 3-1/2-month high, as investors weighed the prospects for further Fed stimulus cuts against signs of decreasing physical demand amid the recent rally in prices. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Monday, after capping three weeks of advances, the longest run since August. […]
Read moreFebruary 17, 2014 3:43 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, capping a second weekly gain, after the US Department of Agriculture predicted on Thursday that demand for the US oilseed from China, the largest global importer of the grain will increase. Corn advanced a fourth week, while wheat registered a second weekly advance. Meanwhile, the […]
Read more