January 14, 2014 3:42 pm
Grain futures were mixed on Tuesday, with soybeans advancing for a fourth day on increased Chinese demand. Wheat also advanced, while corn declined. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.13% to trade at $12.9438 per bushel by 14:47 GMT. Prices swung between day’s high and low of […]
Read moreJanuary 14, 2014 2:38 pm
The euro trimmed earlier advances against the US dollar, as data showed US retail sales increased more than expected in December, supporting the worlds largest economy at the end of 2013. Having reached a session high at 1.3699 at 08:45 GMT, EUR/USD pared earlier advances to trade little changed at 1.3672 at 14:30 GMT. Support […]
Read moreJanuary 14, 2014 1:10 pm
Natural gas advanced for a third day on Tuesday amid expectation a government report may show a record-high decline in US gas supplies, following last week chilly weather conditions. The energy source continued to be supported by weather forecasting models, which called for freezing temperatures over many densely populated US areas, boosting demand for the […]
Read moreJanuary 14, 2014 10:24 am
The pound erased daily advances against the US dollar after data showed the UK inflation unexpectedly slowed its annual pace in December to the lowest level since November 2009. Having reached a session high at 1.6448 at 09:27 GMT, GBP/USD trimmed daily advances to trade at 1.6399 at 10:23 GMT, adding 0.09% on a daily […]
Read moreJanuary 14, 2014 9:09 am
The yen snapped three days of advances against the US dollar after a report by the Japanese Ministry of Finance showed the nations current account deficit widened to a record high in November. Having reached a session high at 103.53 at 03:25 GMT, USD/JPY traded at 103.67 at 09:07 GMT, adding 0.66% for the day. […]
Read moreJanuary 14, 2014 7:54 am
Gold advanced on Tuesday as investors weighed the influence of the recent rally on demand. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years and this combined with a stronger dollar held gold gains in check. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreJanuary 13, 2014 4:00 pm
The US dollar pulled back from 4-month highs against its Canadian counterpart, after BoC released the results from its business outlook survey, which showed some positive signs for the Canadian economic outlook. Following the release, USD/CAD hit a session low at 1.0861 at 15:40 GMT, losing 0.28% on a daily basis. Support was likely to […]
Read moreJanuary 13, 2014 2:57 pm
Grain futures were mixed on Monday, with wheat rebounding from the lowest level since July 2010, after Egypt, the worlds top wheat importer, purchased a large amount of US grain in a tender. Soybeans declined, while corn traded little changed. Wheat futures for settlement in March rose by 0.52% to trade at $5.7238 per bushel […]
Read moreJanuary 13, 2014 1:43 pm
Natural gas increased on Monday amid speculation for a record-high drop in US gas inventories in the week ended January 10, following last weeks freezing cold temperatures. The energy source was also supported by long-term weather forecasting models that called for below-normal temperatures across many densely-populated US areas, which will increase demand for the power-station […]
Read moreJanuary 13, 2014 10:36 am
The euro traded little changed against the US dollar on Monday, after worse-than-expected US employment data released on Friday lowered the bets for further Fed tapering. Having touched a session high at 1.3685 at 03:45 GMT, EUR/USD traded little changed at 1.3663 at 10:32 GMT, losing 0.04% for the day. Support was likely to be […]
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