February 7, 2014 12:44 pm
The euro declined against the US dollar, as the German top court announced it will not decide on the legality of the ECB bailout plan and will transfer it to Europes highest judges. EUR/USD hit a session low at 1.3553 at 08:35 GMT, after which consolidation followed at 1.3565, losing 0.19% on a daily basis. […]
Read moreFebruary 7, 2014 12:13 pm
Natural gas declined on Friday and headed for a second weekly drop, following EIAs bearish report yesterday and amid long-term US weather forecasts that called for moderate temperatures later in February. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March lost 3.46% to trade at $4.761 per million British thermal units […]
Read moreFebruary 7, 2014 10:14 am
The pound advanced against the US dollar on Friday, as a government report revealed the UK trade deficit unexpectedly narrowed to the lowest level in almost 1-1/2 years. GBP/USD hit a session low at 1.6303, after which the pair advanced 0.08% to trade at 1.6336 at 10:10 GMT. Support was likely to be received at […]
Read moreFebruary 7, 2014 7:59 am
Gold advanced on Friday and was poised for the biggest weekly gain in a month, ahead of US jobs data that may reveal US employment growth rebounded from a two-year low and after China, which probably overtook India as the largest consumer last year, opened its markets following the Lunar New Year break. Meanwhile, assets […]
Read moreFebruary 6, 2014 2:56 pm
The euro advanced to one-week highs against the US dollar on Thursday, following Mario Draghis comments that the euro zone will not experience deflation, after the European Central Bank (ECB) decided to maintain its benchmark interest rate at the current record low level. EUR/USD hit a one-week high at 1.3619 at 14:15 GMT, after which […]
Read moreFebruary 6, 2014 1:22 pm
The pound preserved daily losses against the US dollar on Thursday, following Bank of Englands decision to keep its benchmark interest rate and asset purchase facility program unchanged in February. GBP/USD was losing 0.16% on a daily basis to trade at 1.6284 at 13:18 GMT. It touched a daily low at 1.6273 at 11:50 GMT. […]
Read moreFebruary 6, 2014 10:50 am
Natural gas advanced on Thursday, ahead of a government report that may show US gas stockpiles declined last week by almost twice the 5-year average drop, while weather conditions in the US continue to be freezing cold, supporting high natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange (NYMEX), […]
Read moreFebruary 6, 2014 9:30 am
The yen traded little changed against the US dollar, as lower US company employment levels were offset by higher-than-anticipated growth in the services sector. USD/JPY hit 2-1/2 month lows on Tuesday amid a slump in emerging markets. USD/JPY hit a session low at 101.33 at 08:31 GMT, after which consolidation followed at 101.43, losing 0.02%. […]
Read moreFebruary 6, 2014 7:46 am
Gold traded little changed on Thursday, after yesterday it touched one-week high, following a private report that showed lower-than-expected jobs growth in the US, which boosted speculation the official government data tomorrow will trail projections. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Wednesday, after rising 0.5% on February 4, […]
Read moreFebruary 5, 2014 3:44 pm
Grain futures were mixed on Wednesday, wheat fell after rising the most since August yesterday, as investors weighed record global supplies against concerns over damaged crops in US, the largest exporter of the grain. Meanwhile, corn also lost ground, while soybeans advanced. On the Chicago Board of Trade, wheat futures for settlement in March lost […]
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