February 5, 2014 2:26 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, after a government report revealed the number of Canadian building permits sharply fell in December. USD/CAD hit a one-week low at 1.1038 at 13:22 GMT, after which the pair erased earlier declines to trade at 1.1098 at 14:25 GMT, adding 0.15% […]
Read moreFebruary 5, 2014 12:59 pm
The euro traded little changed against the US dollar, as expansion of the euro area private sector was offset by declining retail sales in December. EUR/USD hit a session high at 1.3529 at 09:40 GMT, after which the pair consolidated at 1.3522 to trade little changed. Support was likely to be received at February 4th […]
Read moreFebruary 5, 2014 10:12 am
The pound declined towards a seven-week low against the US dollar, as data showed the activity in the UK services sector expanded at a slower-than-expected pace in January. GBP/USD hit a session low at 09:57 GMT, after which consolidation followed at 1.6274, losing 0.31% for the day. Support was likely to be received at February […]
Read moreFebruary 5, 2014 9:37 am
Natural gas pulled back from the strongest level in almost a week as the increased price volatility forced the CME Group Inc. to raise margins for trading futures in New York to the highest level since October 2009. However, the energy source remained supported by weather forecasting models that called for chilly weather conditions across […]
Read moreFebruary 5, 2014 8:10 am
Gold advanced on Wednesday, as downbeat US data cast some doubt that the Federal Reserve will keep scaling back its stimulus at each policy meeting, before exiting the program at the end of the year. The metal drew more support as assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were increased yesterday, after […]
Read moreFebruary 4, 2014 3:55 pm
Grain futures advanced on Tuesday, soybeans touched the strongest level in almost three weeks, amid expectation dry weather conditions in Brazil, the global largest exporter of the grain, may harm some developing crops. On the Chicago Board of Trade, soybeans futures for settlement in March rose by 0.8% to trade at $13.0338 per bushel by […]
Read moreFebruary 4, 2014 1:50 pm
The yen retreated from the strongest level in 2-1/2 months against the US dollar, as a rally in emerging-market currencies decreased demand for haven assets. USD/JPY hit the lowest level in more than two months at 100.75 at 06:00 GMT, after which the pair traded at 101.42 at 13:44 GMT, adding 0.44% for the day. […]
Read moreFebruary 4, 2014 12:50 pm
Natural gas extended yesterdays gains as winter storm was expected to track across the US Northeast, leading to very high natural gas demand, as Americans crank up the heating. Meanwhile, the energy source was further supported after the US investment bank Goldman Sachs lowered its end-of-March inventory levels’ forecast for a second time, citing bad […]
Read moreFebruary 4, 2014 10:04 am
The pound rebounded from a seven-week low against the US dollar, after a report showed that a gauge of UK construction activity surged to 6-1/2-year high. GBP/USD hit a seven-week low at 1.6258 at 06:10 GMT, after which the pair erased earlier losses to trade at 1.6336 at 10:02 GMT, adding 0.19% for the day. […]
Read moreFebruary 4, 2014 9:11 am
The euro declined against the US dollar, following a report that revealed the number of unemployed people in Spain, significantly increased in January to the highest in almost a year, boosting concerns over the economic outlook of the fourth-largest euro zone economy. EUR/USD hit a session low at 1.3494 at 08:20 GMT, after which consolidation […]
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