January 28, 2014 9:38 am
The euro 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. EUR/USD touched a daily low at 1.3657, after which consolidation followed at 1.3660, losing 0.1% for the day. Support was likely to be received at January […]
Read moreJanuary 28, 2014 8:59 am
Natural gas advanced, rebounding from the biggest daily decline since May, as short-term weather forecasting models called for freezing cold weather conditions over most of the densely populated US areas. Chilly temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in March surged […]
Read moreJanuary 28, 2014 7:51 am
Gold retreated from nine-week highs on expectation Federal Reserve will scale back its stimulus at the upcoming FOMCs meeting. 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 division of the New […]
Read moreJanuary 27, 2014 3:52 pm
The pound advanced against the US dollar on Monday, as data showed new home sales in the United States unexpectedly declined in December. GBP/USD hit a session high at 1.6587 at 14:05 GMT, after which consolidation followed at 1.6577, adding 0.58% for the day. Support was likely to be received at January 24th low 1.6479, […]
Read moreJanuary 27, 2014 2:39 pm
Grain futures advanced on Monday, wheat gained amid potentially harmful weather conditions in the US, the largest exporter of the grain. On the Chicago Board of Trade, wheat futures for settlement in March added 0.92% to trade at $5.7038 per bushel by 14:31 GMT. Prices jumped to a session high of $5.7038, while day’s bottom […]
Read moreJanuary 27, 2014 1:02 pm
Natural gas retreated from 5-year highs on Monday, as long-term US weather forecasts called for a period of milder conditions across most of the densely populated US areas. On the New York Mercantile Exchange, natural gas for delivery in March declined by 1.19% to trade at $5.029 per million British thermal units by 13:01 GMT. […]
Read moreJanuary 27, 2014 10:24 am
The yen retreated from 7-week highs against the US dollar as data showed the Japanese trade deficit widened to a record in 2013. USD/JPY hit a session high at 102.77 at 08:00 GMT, after which consolidation followed at 102.50. adding 0.15% on a daily basis. Support was likely to be received at January 24th low, […]
Read moreJanuary 27, 2014 9:46 am
The euro traded in proximity to three-week highs against the US dollar, following data that revealed the business confidence in the largest euro zone economy, Germany, rose to a 30-month high. EUR/USD touched a session high at 1.3717 at 09:20 GMT, after which consolidation followed at 1.3700, adding 0.17% for the day. Support was likely […]
Read moreJanuary 27, 2014 8:53 am
Gold advanced to the highest level in more than two months, after a slump in equities on concern that growth in emerging economies will slow, boosted demand for the yellow metal as an alternative investment. A weaker dollar and increased Chinese physical demand also supported the metal, while assets in the SPDR Gold Trust, the […]
Read moreJanuary 26, 2014 10:26 am
Gold traded little changed on Friday, but settled the week close to two-month high, following a slump in equities on concern that growth in emerging economies will slow, which boosted demand for the yellow metal as an alternative investment. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF remained unchanged on Friday, which […]
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