January 31, 2014 1:45 pm
Grain futures advanced on Friday, corn traded little changed, but headed for the first monthly gain since May, as exports from US, the top producer, increased. On the Chicago Board of Trade, corn futures for March delivery traded little changed at $4.3263 a bushel by 13:16 GMT. Futures held in a range between day’s high […]
Read moreJanuary 31, 2014 12:43 pm
The euro extended its slide against the US dollar, as inflation in the euro area failed to accelerate towards ECBs target, which boosted speculation that central banks policy makers may have to cut interest rates at the upcoming meeting next week. Having reached a session low at 1.3518 at 10:00 GMT, EUR/USD traded at 1.3532 […]
Read moreJanuary 31, 2014 10:30 am
Natural gas extended its largest one-day drop in more than 4 years, as weather forecasting models called for significant warming across most of the densely-populated US areas, easing heating demand. On the New York Mercantile Exchange, natural gas for delivery in March fell by 2.75% to trade at $4.873 per million British thermal units by […]
Read moreJanuary 31, 2014 9:54 am
The yen advanced against the US dollar, following a report that showed the Japanese consumer prices increased more than expected in December. However, the long-term forecast for the exchange rate of the yen against the US dollar has been revised down. Having reached a session low at 102.33 at 05:00 GMT, USD/JPY traded at 102.56 […]
Read moreJanuary 31, 2014 8:06 am
Gold declined and was poised to snap 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 SPDR Gold Trust, the […]
Read moreJanuary 30, 2014 2:59 pm
The yen declined against the US dollar, following Fed decision to cut monthly bond purchases, which tend to weaken the US currency. The US dollar was also supported following data that showed consumer spending increased the most in three years. USD/JPY hit a session high at 102.80 at 14:03 GMT, after which consolidation followed at […]
Read moreJanuary 30, 2014 1:55 pm
Grain futures advanced on Thursday, wheat rebounded from 3-1/2-year low amid concern the cold US weather may result in winterkill and speculation demand for supplies from the largest exporter, US, rose. On the Chicago Board of Trade, wheat futures for settlement in March added 0.82% to trade at $5.5613 per bushel by 13:45 GMT. Prices […]
Read moreJanuary 30, 2014 12:48 pm
Natural gas declined on Thursday, but was poised for the largest monthly gain in more than 4 years, ahead of a government report that may show US gas inventories fell by a larger than the five-year average amount. The energy source continued to draw support by the freezing cold US weather conditions, which forced Americans […]
Read moreJanuary 30, 2014 10:37 am
The pound declined to the weakest level in more than a week against the US dollar, after the Federal Reserve Bank announced that it will scale back its monetary stimulus by $10 billion at its two-day policy meeting concluded yesterday. GBP/USD reached a session low at 1.6445 at 10:07 GMT, after which consolidation followed at […]
Read moreJanuary 30, 2014 9:41 am
The euro touched one-week low against the US dollar, after the Federal Reserve Bank announced that it will scale back its monetary stimulus by $10 billion at its two-day policy meeting concluded yesterday. EUR/USD touched a session low at 1.3597 at 09:30 GMT, after which consolidation followed at 1.3608, losing 0.41% for the day. Support […]
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