February 17, 2014 2:25 pm
The euro traded little changed against the US dollar on Monday, after the signal of the ECB President Mario Draghi that he may act to counter low inflation as soon as next month, divided analysts as the euro zone economy showed signs of strengthening. EUR/USD hit a session high at 1.3724 at 01:45 GMT, after […]
Read moreFebruary 17, 2014 1:17 pm
Natural gas advanced to the strongest level in almost two weeks as the frigid weather over most of the densely populated US areas continued to support strong demand for the heating fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 4.89% to trade at $5.649 per million British […]
Read moreFebruary 17, 2014 10:36 am
The yen snapped three days of advances against the US dollar, following a report that showed Japans economy grew less than analysts predicted, fueling speculation Bank of Japan may boost its stimulus program, weakening the nations currency further. USD/JPY hit a session high at 101.99 at 08:15 GMT, after which consolidation followed at 101.93, adding […]
Read moreFebruary 17, 2014 9:24 am
The pound soared to the strongest level in more than four years against the US dollar, after a report revealed house prices in the UK rose the most since 2007, adding to signs the economy is gaining traction. GBP/USD touched a session high at 1.6823 at 02:00 GMT, also the pairs strongest since November 2009, […]
Read moreFebruary 17, 2014 8:10 am
Gold advanced on Monday to the strongest level since October, after downbeat US economic data fueled speculations the US economy may slow its growth, boosting demand for haven assets. Billionaire John Paulson, the owner of the largest stake in the SPDR Gold Trust, the biggest bullion-backed ETF, kept his holdings unchanged in the fourth quarter, […]
Read moreFebruary 16, 2014 8:11 am
The euro advanced to the strongest level in almost three weeks against the US dollar on Friday, after better-than-expected euro zone growth rates boosted demand for the 18-nation common currency, while at the same time overall downbeat US data dampened the greenbacks appeal. EUR/USD touched a session high at 1.3715 at 12:00 GMT, after which […]
Read moreFebruary 15, 2014 8:22 am
Gold advanced on Friday to the strongest level since November, marking the largest weekly advance in six months, as downbeat US economic data boosted demand for haven assets, with holdings in the SPDR Gold Trust, the biggest bullion-backed ETF, expanding to the strongest level in almost two months. A weaker US dollar also fostered positive […]
Read moreFebruary 14, 2014 2:53 pm
The loonie, as the Canadian dollar is best known, trimmed earlier gains to trade little changed against its US counterpart as economic reports from both countries disappointed. USD/CAD touched a session low at 1.0941, the pairs weakest since January 20, after which USD/CAD trimmed daily gains to trade little changed at 1.0977 at 14:49 GMT, […]
Read moreFebruary 14, 2014 1:44 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, after the US Department of Agriculture predicted yesterday that demand for the US oilseed from China, the largest global importer of the grain will increase. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.44% to trade at $13.5088 per […]
Read moreFebruary 14, 2014 12:35 pm
The euro advanced to the strongest level in almost three weeks against the US dollar, after upbeat German and euro zone preliminary GDP data added to signs the economy of the 18-nation common currency area is gaining momentum. EUR/USD touched a session high at 1.3715 at 12:03 GMT, after which consolidation followed at 1.3712, adding […]
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