January 16, 2014 12:51 pm
The euro traded little changed against the US dollar, after three days of declines, following a report that showed inflation in the euro zone remained steady in December. Having reached a session high at 1.3628 at 09:30 GMT, EUR/USD traded little changed at 1.3604 at 12:39 GMT. Support was likely to be received at January […]
Read moreJanuary 16, 2014 10:21 am
Natural gas advanced on Thursday as weather forecasting models called for below-normal temperatures over many densely-populated US areas. The energy source continued to be supported by speculation that a government report may show a record drop in US gas supplies, following last week’s chilly weather conditions. On the New York Mercantile Exchange, natural gas for […]
Read moreJanuary 16, 2014 9:25 am
The US dollar advanced against the yen for a third day, the longest streak this year, after a series of recent upbeat US data increased bets that Fed may continue to pare back its monthly monetary stimulus throughout 2014. Having reached a session high at 104.92 at 03:30 GMT, USD/JPY traded at 104.75 at 09:18 […]
Read moreJanuary 16, 2014 8:24 am
Gold declined for a third day on Thursday amid reinforced speculations Fed may continue to pare back its monthly monetary stimulus throughout 2014, following a recent series of upbeat US reports. A stronger dollar also weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years, adding […]
Read moreJanuary 15, 2014 3:47 pm
Grain futures were mixed on Wednesday, with soybeans advancing on increased Chinese demand for US supplies, while wheat and corn declined. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.35% to trade at $13.1162 per bushel by 15:42 GMT. Prices swung between day’s high and low of $13.1312 and […]
Read moreJanuary 15, 2014 2:17 pm
The pound declined against the US dollar to the weakest level in three weeks, following data that showed US producer price inflation unexpectedly accelerated its annual pace in December. Having touched a session low at 1.6327 at 13:36 GMT, GBP/USD traded at 1.6337 at 14:15 GMT, losing 0.63% for the day. Support was likely to […]
Read moreJanuary 15, 2014 12:38 pm
The loonie, as the Canadian dollar is known, declined against its US counterpart to the lowest level since September 2009 amid speculation BoC may have to cut interest rates, following last weeks downbeat data. Having hit a session high at 1.0992 at 09:20 GMT, USD/CAD traded at 1.0959 at 12:36 GMT, adding 0.10% for the […]
Read moreJanuary 15, 2014 11:47 am
Natural gas advanced on Wednesday as weather forecasting models called for below-normal temperatures over many densely-populated US areas. The energy source continued to be supported by speculation that a government report may show a record drop in US gas supplies, following last weeks chilly weather conditions. On the New York Mercantile Exchange, natural gas for […]
Read moreJanuary 15, 2014 9:21 am
The euro edged lower against the US dollar on Wednesday after yesterday’s report on retail sales in the United States supported expectations that Fed may continue to pare back its monthly monetary stimulus throughout 2014. EUR/USD touched a session low at 1.3611 at 09:02 GMT, after which consolidation followed at 1.3616, losing 0.45% for the […]
Read moreJanuary 15, 2014 8:18 am
Gold declined for a second day, retreating from 1-month high as investors reassessed their expectations for the duration of the Fed stimulus program. A stronger dollar also weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced to a 5-year low, adding to bearish sentiment. On the Comex division of the […]
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