January 30, 2014 8:32 am
Gold declined on Thursday, as Fed decided yesterday to scale back its asset purchases from $75 billion to $65 billion. A stronger US dollar also weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for the first time in two weeks. On the Comex division of the New York Mercantile […]
Read moreJanuary 29, 2014 3:37 pm
Grain futures declined on Wednesday, corn lost ground on concern demand from China may have slowed this month, while wheat touched fresh 3-1/2-year lows on ample global output. On the Chicago Board of Trade, corn futures for March delivery declined by 0.12% to trade at $4.3088 a bushel by 15:23 GMT. Futures held in a […]
Read moreJanuary 29, 2014 2:19 pm
The yen traded in proximity to seven-week highs against the US dollar as Turkeys central bank steps to stop a sell-off in the nations currency failed to support other emerging markets currencies, making safe-haven currencies, such as the yen more appealing. USD/JPY hit a session low at 102.02 at 14:08 GMT, after which consolidation followed […]
Read moreJanuary 29, 2014 12:54 pm
The euro declined against the US dollar, following data that showed the M3 money supply in the euro zone expanded less than expected, while private loans declined for a 20th straight month. Meanwhile, the greenback remained to be supported by expectations for further stimulus cuts at FOMCs two-day meeting, due to be concluded later today. […]
Read moreJanuary 29, 2014 10:53 am
Natural gas futures advanced on Wednesday, 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 to crank up the heating. On the New York Mercantile Exchange, natural […]
Read moreJanuary 29, 2014 9:45 am
The pound advanced against the US dollar, after a report revealed UK house prices increased for a 13th straight month, reaching the highest level since April 2008. GBP/USD reached a session high at 1.6606, after which consolidation followed at 1.6595, adding 0.1% for the day. Support was likely to be received at January 28th low, […]
Read moreJanuary 29, 2014 8:36 am
Gold traded little changed on Wednesday, as investors expected Fed policy makers will scale back stimulus at their two-day meeting, which concludes today. Reduced physical demand from China weighed on prices, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF remained close to a 5-year low, adding to bearish sentiment. On the Comex […]
Read moreJanuary 28, 2014 3:47 pm
The yen declined against the US dollar as investors awaited the outcome of FOMC’s two-day meeting, where policy makers are expected to further scale back Fed’s monthly bond purchases. USD/JPY hit a session high at 103.25 at 10:15 GMT, after which consolidation followed at 102.91, adding 0.35% for the day. On January 24th, USD/JPY touched […]
Read moreJanuary 28, 2014 2:30 pm
Grain futures were mixed on Tuesday, wheat advanced amid potentially harmful weather conditions in the US, the largest exporter of the grain. Meanwhile, corn and soybeans lost ground. On the Chicago Board of Trade, wheat futures for settlement in March added 0.79% to trade at $5.6788 per bushel by 13:40 GMT. Prices jumped to a […]
Read moreJanuary 28, 2014 12:54 pm
The pound retreated from 2-1/2-year highs against the US dollar after a report showed the UK economy in the fourth quarter expanded less than some analysts had forecast. GBP/USD hit a session low at 1.6538 at 10:15 GMT, after which consolidation followed at 1.6567, losing 0.10% on a daily basis. Support was likely to be […]
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