January 19, 2014 11:55 am
Gold advanced on Friday to settle the week close to one-month high, as investors weighed the prospects for further Fed stimulus cuts against increased physical demand. Also fanning positive sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF were increased for the first time in 2014, while only a stronger US dollar pressured […]
Read moreJanuary 18, 2014 4:09 pm
The euro declined to a two-month low against the US dollar on Friday, after data revealed US housing starts decreased less than expected in December, marking the best year for the industry since 2007. The strong US data increased bets that the Federal reserve may scale back its stimulus program, which tends to devalue the […]
Read moreJanuary 17, 2014 2:47 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, after a series of upbeat US reports continued to weigh on greenback’s demand. Having reached a session high at 1.0975 at 13:15 GMT, USD/CAD rose by 0.21% to trade at 1.0954 at 14:43 GMT. Support was likely to be received at […]
Read moreJanuary 17, 2014 1:42 pm
Grain futures fell on Friday, wheat also edged lower, but was poised to snap six weeks of declines, the longest streak in more than two years amid signs of robust global demand. On the Chicago Board of Trade, wheat futures for settlement in March declined 0.64% to trade at $5.6975 per bushel by 13:36 GMT. […]
Read moreJanuary 17, 2014 12:22 pm
The euro edged lower against the US dollar and was poised for a weekly decline, after a series of upbeat US reports continued to weigh on greenbacks demand. Having reached a session low at 1.3593 at 09:45 GMT, EUR/USD traded at 1.3598 at 12:18 GMT, losing 0.16% for the day. The pair has headed for […]
Read moreJanuary 17, 2014 10:36 am
The pound snapped two days of declines against the US dollar, after data showed UK retail sales increased at the fastest monthly pace since June 2008. GBP/USD hit a session high at 1.6458 at 09:55 GMT, after which consolidation followed at 1.6447, adding 0.57% for the day. Support was likely to be received at December […]
Read moreJanuary 17, 2014 9:40 am
Natural gas fell on Friday, following a government report that showed US gas supplies declined less than projected in the week ended January 10th. However, the energy source continued to draw support by cold weather outlook over many densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in February fell by […]
Read moreJanuary 17, 2014 8:26 am
Gold traded little changed on Friday as investors weighed the prospects for further Fed stimulus cuts against increased physical demand. A stronger dollar fanned some negative sentiment, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years, adding to bearish sentiment. On the Comex division of the […]
Read moreJanuary 16, 2014 2:49 pm
The loonie, as the Canadian dollar is best known, rebounded against the US dollar from the weakest level in more than 4 years, following mixed US data. USD/CAD reached a session low at 1.0905 at 14:38 GMT, after which consolidation followed at 1.0907, losing 0.25% for the day. Support was likely to be received at […]
Read moreJanuary 16, 2014 1:50 pm
Grain futures advanced on Thursday, with wheat gaining amid signs of increased demand from Egypt, the worlds largest grain importer. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.08% to trade at $5.6888 per bushel by 13:39 GMT. Prices jumped to a session high of $5.6912, while day’s bottom […]
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