January 13, 2014 9:53 am
The yen touched highs unseen in three weeks against the US dollar, after worse-than-expected employment data released on Friday continued to pressure the greenback by lowering bets the Federal Reserve will further cut its monetary stimulus at FOMC’s upcoming meeting. Having hit a session low at 103.26 at 02:15 GMT, USD/JPY traded at 103.37 at […]
Read moreJanuary 13, 2014 8:03 am
Gold advanced to one-month high after data showed the US economy created the least jobs in almost three years, boosting speculation the Fed will have to slow the pace of stimulus cuts. A weaker dollar further supported the metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in […]
Read moreJanuary 12, 2014 3:08 pm
Gold rallied on Friday to settle the week at one-month high, after a report by the Labor Department showed the US economy created the least jobs in almost three years, easing concerns the Federal Reserve will further reduce its bond purchases at FOMC’s upcoming meeting. A weaker dollar further supported the metal. On the Comex […]
Read moreJanuary 11, 2014 4:27 pm
The euro advanced against the US dollar on Friday, after data showed US non-farm payrolls disappointed in December, raising concerns the Federal Reserve may have to reconsider the pace of scaling back its monetary stimulus. EUR/USD reached a session high at 1.3684 at 15:00 GMT, after which it closed at 1.3669 on Friday, adding 0.45% […]
Read moreJanuary 10, 2014 2:37 pm
The loonie, as the Canadian dollar is best known, reached the lowest level since October 2009 after a report showed the Canadian economy added the least number of workers since November 2011. Having reached a session high at 1.0945 at 14:01 GMT, USD/CAD traded at 1.0921 at 14:22 GMT, gaining 0.73% for the day. Support […]
Read moreJanuary 10, 2014 1:42 pm
Grains were mixed on Friday, with wheat heading for a sixth straight week of declines, the longest streak of losses since October 2011 amid slowing US exports and a record-high global output. Meanwhile, soybeans advanced, while corn declined for a fourth day, after falling to the lowest since August 2010. Wheat futures for settlement in […]
Read moreJanuary 10, 2014 12:46 pm
Natural gas futures fell below $4 for the first time in more than a month, as weather forecasts called for a period of warmer weather conditions. Meanwhile, yesterday the energy source registered the largest daily decline since May, following EIAs bearish report. On the New York Mercantile Exchange, natural gas for delivery in February declined […]
Read moreJanuary 10, 2014 10:35 am
The pound declined against the US dollar on Friday, after UK manufacturing production data disappointed. Meanwhile, investors awaited the release of US non-farm payrolls later in the day. Having reached a session low at 1.6402 at 10:14 GMT, GBP/USD traded at 1.6413 at 10:32 GMT, losing 0.41% on a daily basis. Support was likely to […]
Read moreJanuary 10, 2014 9:18 am
The euro was steady against the US dollar on Friday, as investors awaited the release of a report on US non-farm payrolls. Having reached a session high at 1.3620 at 06:25 GMT, EUR/USD traded little changed at 1.3603 at 09:09 GMT, losing 0.04% for the day. Support was likely to be received at January 9th […]
Read moreJanuary 10, 2014 7:58 am
Gold advanced on Friday, ahead of the release of US jobs data as investors assessed the outlook for physical demand against speculation the Fed may scale back its stimulus program further. A stronger dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the […]
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