February 12, 2014 2:57 pm
Natural gas extended yesterdays gains to further distance from three-week low, following a speculation for a larger than the 5-year average drop in US gas stockpiles, due to the chilly weather conditions over most of the densely populated US areas. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March added 0.17% […]
Read moreFebruary 12, 2014 12:57 pm
The pound advanced to the strongest level in two weeks against the US dollar, after Bank of Englands inflation report reiterated 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 hit a two-week high at 1.6558 at 11:20 GMT, after […]
Read moreFebruary 12, 2014 9:36 am
Gold retreated from three-month-high as a five-day advance hurt Chinese demand and after the new Federal Reserve Chairman Janet Yellen said yesterday the central bank will continue scaling back its stimulus in measured steps. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose on Tuesday, after being unchanged for four days. On […]
Read moreFebruary 12, 2014 8:22 am
The yen advanced against the US dollar on Wednesday, after yesterday the new Federal Reserve Chairman Janet Yellen told US lawmakers that monetary policy will remain accommodative, even though the central bank will continue scaling back its stimulus in measured steps. USD/JPY touched a session low at 102.42 at 01:00 GMT, after which consolidation followed […]
Read moreFebruary 11, 2014 3:46 pm
Grain futures declined on Tuesday, soybeans edged lower for a second day as the US Department of Agriculture raised its forecasts for global output and stockpiles. On the Chicago Board of Trade, soybeans futures for settlement in March fell by 0.23% to trade at $13.2213 per bushel by 15:34 GMT. Prices touched a session high […]
Read moreFebruary 11, 2014 3:08 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart after the new Federal Reserve Chairman Janet Yellen, said the Federal Reserve was likely to continue scaling back its monetary stimulus in measured steps. However, she also added that the labor market recovery was still fragile and more work needed to […]
Read moreFebruary 11, 2014 1:04 pm
Natural gas rebounded from yesterdays three-week low as a winter storm tracked across the northern and southern parts of the US, boosting demand for the power station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March added 2.31% to trade at $4.685 per million British thermal units by 13:03 GMT. […]
Read moreFebruary 11, 2014 10:11 am
The euro advanced to the strongest level in two weeks against the US dollar on speculation for a dovish testimony by Janet Yellen in her first appearance before Congress as head of the Federal Reserve. EUR/USD hit a session high at 1.3683 at 08:25 GMT, after which the pair traded at 1.3671 at 10:07 GMT, […]
Read moreFebruary 11, 2014 9:12 am
The pound advanced to the strongest level in a week against the US dollar, following a report that revealed UK retail sales increased at the fastest pace in 2-1/2 years in January, adding to evidence the UK economic recovery is gaining traction. GBP/USD touched a session high at 1.6434 at 00:45 GMT, after which the […]
Read moreFebruary 11, 2014 8:08 am
Gold advanced to three-month high on Tuesday, ahead of the testimony of the newly-appointed Fed Chairman, Janet Yellen to Congress and as Chinese demand rose to a nine-month high, extending last years record purchases. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a fourth day on Monday, after rising […]
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