January 25, 2014 4:02 pm
The euro advanced to a three-week high against the US dollar on Friday, as it remained supported by Thursday’s upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Comments by the ECB President Mario Draghi at the World Economic Forum in Davos, Switzerland also supported the view that […]
Read moreJanuary 24, 2014 2:39 pm
The loonie, as the Canadian dollar is best known, eased off 4-1/2-year lows against its US counterpart, after data showed Canadian inflation gained traction in December. Having reached a session high at 1.1138 at 07:30 GMT, USD/CAD erased daily advances to trade at 1.1082 at 14:32 GMT, losing 0.16% on a daily basis. Support was […]
Read moreJanuary 24, 2014 1:18 pm
Grain futures lost ground on Friday, wheat also declined, but was poised to snap a seven-week drop on 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 lost 0.65% to trade at $5.6688 per bushel by 13:13 GMT. Prices […]
Read moreJanuary 24, 2014 12:11 pm
The euro advanced to the strongest level in three weeks against the US dollar, as it remained supported by Thursdays upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Having reached a session high at 1.3738 at 11:38 GMT, EUR/USD traded at 1.3717 at 12:03 GMT, adding 0.15% […]
Read moreJanuary 24, 2014 10:35 am
The pound traded little changed against the US dollar, after hitting the strongest level since May 2011 as a report by the British Bankers Association (BBA) showed UK mortgage approvals increased to a six-year high in December. Having hit a 2-1/2-year high at 1.6668 at 08:10 GMT, GBP/USD traded little changed at 1.6629 at 10:27 […]
Read moreJanuary 24, 2014 9:45 am
Natural gas advanced a fourth day and was poised for the biggest weekly advance since September 2012, 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 […]
Read moreJanuary 24, 2014 8:08 am
Gold plunged from a six-week high, trimming the longest weekly rally in 16 months, as investors assessed the prospects for Fed stimulus cuts at the upcoming FOMC’s meeting. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF were reduced on Thursday, adding to bearish sentiment, while a stronger US dollar further weighed. On the […]
Read moreJanuary 23, 2014 2:55 pm
The UK pound advanced to the strongest level since August 2011 against the US dollar, as the UK economic recovery increased bets BoE would have to increase interest rates sooner than initially estimated. GBP/USD hit a 29-month high at 1.6617 at 08:55 GMT, after which the pair traded at 1.6602 by 14:47 GMT, adding 0.17% […]
Read moreJanuary 23, 2014 12:59 pm
The euro surged the most in three months against the US dollar after PMI data boosted optimism that the economic growth in the euro area is gaining momentum. EUR/USD advanced 0.75% to trade at 1.3646 at 09:55 GMT, the biggest daily increase since October 22nd, after which consolidation followed at 1.3635. Support was likely to […]
Read moreJanuary 23, 2014 10:27 am
Natural gas surged to the highest level in 2-1/2 years as short-term weather forecasts called for much below-normal temperatures across most of the densely-populated US areas. Freezing temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February rose by 2.25% to hit […]
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