February 14, 2014 10:33 am
The pound advanced to the strongest level in almost three years against the US dollar, on increased bets Bank of England will not be able to hold down borrowing costs, following this weeks revised forward guidance amid strengthening UK economy. GBP/USD hit a 33-month high at 1.6715 at 08:35 GMT, after which consolidation followed at […]
Read moreFebruary 14, 2014 9:35 am
Natural gas surged on Friday and headed for the first week of advances since January 24, as the chilly US weather spurred demand for the energy source and eroded stockpiles by the largest February amount since 2007. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 1.95% to trade […]
Read moreFebruary 14, 2014 8:06 am
Gold advanced on Friday and was poised for the largest weekly gain since October 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. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreFebruary 13, 2014 2:56 pm
Grain futures advanced on Thursday, soybeans increased on speculation a government report later today may show US exports accelerated last week. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.23% to trade at $13.3762 per bushel by 14:52 GMT. Prices touched a session high at $13.3850 per bushel, while […]
Read moreFebruary 13, 2014 2:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed the Canadian housing price index rose less than analysts projected. However, losses were limited after US jobless claims unexpectedly increased last week, while at the same time retail sales declined. USD/CAD hit a session high at […]
Read moreFebruary 13, 2014 12:58 pm
The euro advanced to the strongest level in two weeks against the US dollar as the ECB firmly reiterated its forward guidance in its monthly bulletin, released earlier today. EUR/USD touched a two-week high at 1.3686 at 09:50 GMT, after which consolidation followed at 1.3665, surging 0.53% for the day. Support was likely to be […]
Read moreFebruary 13, 2014 10:25 am
The pound hovered near the strongest level in almost three years against the US dollar, after Bank of England reiterated in its inflation report yesterday that the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD touched a session high at […]
Read moreFebruary 13, 2014 9:19 am
Natural gas surged on Thursday amid speculation for a larger than the 5-year average drop in US gas inventories ahead of EIA weekly report, due later today. Meanwhile, natural gas and heating demand is expected to remain very strong as a massive winter storm tracks across the US Northeast, leaving heavy snow and ice over […]
Read moreFebruary 13, 2014 8:12 am
Gold snapped six days of advances, the longest winning run since June 2012, as investors weighed prospects for further Fed stimulus cuts and signs of decreasing physical demand from China. However, a weaker US dollar relieved some pressure on the yellow metal, while at the same time assets in the SPDR Gold Trust, the biggest […]
Read moreFebruary 12, 2014 3:57 pm
Grain futures were mixed on Wednesday, wheat declined amid expectations for a record global output. Meanwhile, wheat touched 5-week high, while soybeans edged lower. On the Chicago Board of Trade, corn futures for March delivery traded at $4.4088 a bushel by 15:30 GMT, losing 0.12% for the day. Futures hit a session high at $4.4262 […]
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