February 4, 2014 8:10 am
Gold traded little changed on Tuesday, after it advanced the most in almost three weeks, as investors weighed the prospects of further Fed stimulus cuts against reduced physical demand from China. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Monday, after rising for two days in the best string of […]
Read moreFebruary 3, 2014 3:55 pm
Grain futures advanced on Monday, corn increased to the highest level in seven weeks, as exports from US, the top producer, increased. On the Chicago Board of Trade, corn futures for March delivery rose by 0.9% to trade at $4.3813 a bushel by 15:46 GMT. Futures hit a session high at $4.3862 per bushel, the […]
Read moreFebruary 3, 2014 2:26 pm
The loonie, as the Canadian dollar is best known, eased off from 4-1/2-year lows against the US dollar, after a government report revealed the Canadian inflation accelerated in December, which added to the outlook that the Canadian economy is gaining momentum. USD/CAD hit a session low at 11:20 GMT, after which consolidation followed at 1.1062, […]
Read moreFebruary 3, 2014 12:21 pm
The pound declined a fifth day against the US dollar, to touch the lowest level in two weeks, following a report that revealed UK manufacturing expanded at a slower-than-expected pace in January. GBP/USD reached a session low at 1.6324 at 10:55 GMT, after which consolidation followed at 1.6338, losing 0.6% for the day. Support was […]
Read moreFebruary 3, 2014 10:23 am
Natural gas declined a third day on Monday as long-term weather forecasting models called for moderate temperatures across most of the densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in March fell by 1.58% to trade at $4.865 per million British thermal units by 10:21 GMT. Prices hit a session […]
Read moreFebruary 3, 2014 10:01 am
The euro touched a two-month low against the US dollar, as the weak price pressure in the euro area, boosted speculation that ECB’s policy makers may have to cut interest rates at the upcoming meeting this Thursday. EUR/USD touched the weakest level in two months at 1.3478 at 07:50 GMT, after which it advanced by […]
Read moreFebruary 3, 2014 8:02 am
Gold advanced on Monday amid speculation that global equity markets may experience more turbulence in February, after a slump in emerging markets last month. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday, after rising for two days in the best string of increases since December 2012. However, weaker physical […]
Read moreFebruary 2, 2014 3:50 pm
Gold advanced on Friday, but settled the week lower, snapping a five-week rally, the longest since September 2012, on increased bets the Federal Reserve will keep scaling back stimulus as the US economy showed signs of strengthening and as the recent slump in emerging markets eased. The metal drew some support as assets in the […]
Read moreFebruary 1, 2014 4:49 pm
The euro declined to a two-month low against the US dollar on Friday, as euro zone inflation data missed target, while at the same time greenbacks demand was fueled by a set of overall positive data. EUR/USD reached a two-month low at 1.3480 at 15:45 GMT, after which it settled at 1.3489 on Friday, losing […]
Read moreJanuary 31, 2014 2:45 pm
The loonie, as the Canadian dollar is best known, declined to the lowest level in more than 4 years, following a report that showed US core personal consumption expenditures index accelerated its annual pace in December. USD/CAD hit a session high at 1.1224, at 13:54 GMT, after which consolidation followed at 1.1210, adding 0.47% for […]
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