January 9, 2014 2:49 pm
Grains were mixed on Thursday, with corn declining for a third day on speculations US corn stockpiles in December increased at the fastest pace in 19 years. On the Chicago Board of Trade, corn futures for March delivery traded at $4.1263 a bushel by 14:44 GMT, falling 0.95% for the day. Futures held in a […]
Read moreJanuary 9, 2014 2:01 pm
The euro erased earlier advances against the US dollar, plunging to 1-month lows after the comments of the ECB President Mario Draghi. EUR/USD hit a session low at 1.3632 at 13:52 GMT, losing 0.15% for the day, also the pairs lowest since December 5th. Support was likely to be received at January 8th low, 1.3554, […]
Read moreJanuary 9, 2014 1:07 pm
The pound traded little changed, close to 1-week high, following BoEs decision to keep its policy unchanged. Having reached a session high at 1.6480 at 08:00 GMT, GBP/USD traded little changed at 1.6458 at 13:00 GMT, gaining 0.05% on a daily basis. Support was likely to be received at January 8th low, 1.6377, while resistance […]
Read moreJanuary 9, 2014 10:27 am
The loonie, as the Canadian dollar is best known, weakened against its US counterpart to the lowest level in more than three years, following the statement of Stephen Poloz, Governor of Bank of Canada. Having reached a session high at 1.0845 at 05:25 GMT, USD/CAD traded at 1.0843 at 10:25 GMT, gaining 0.20% for the […]
Read moreJanuary 9, 2014 9:31 am
Natural gas touched lows unseen in one month as the short-term weather forecasts called for a period of warmer weather conditions, after the recent record cold Arctic outbreak. Meanwhile, investors awaited the release of the EIAs weekly US gas inventories report, that may show larger than the 5-year average withdrawal in the week ended January […]
Read moreJanuary 9, 2014 8:18 am
Gold traded little changed after two days of declines, following the release of the Federal Reserve minutes, which boosted expectations the central bank will continue scaling back its stimulus program during 2014, diminishing demand for gold. A weaker dollar relieved some pressure on the yellow metal. However, assets in the SPDR Gold Trust, the biggest […]
Read moreJanuary 8, 2014 3:44 pm
Grains lost ground on Wednesday, with soybeans declining for a second day on speculations a report by the USDA may show ample global output as harvests grow from Brazil to US. On the Chicago Board of Trade,soybeans futures for settlement in March lost 0.46% to trade at $12.7013 per bushel by 15:37 GMT. Prices swung […]
Read moreJanuary 8, 2014 1:53 pm
The yen hovered around 5-year lows against the US dollar, as a report by ADP revealed the US private sector added the largest number of workers since January 2012. Having reached a session high at 105.12 at 07:45 GMT, USD/JPY traded at 104.90 at 13:43 GMT, gaining 0.28% for the day. Support was likely to […]
Read moreJanuary 8, 2014 1:18 pm
Natural gas advanced on Wednesday ahead of a government report that may show US gas inventories fell more than the five-year average in the week ended January 3rd. On the New York Mercantile Exchange, natural gas for delivery in February increased by 0.42% to $4.317 per million British thermal units by 13:15 GMT. Prices shifted […]
Read moreJanuary 8, 2014 10:55 am
The euro declined against the US dollar on Wednesday as data showed unemployment in the euro zone remained at a record high in November. EUR/USD touched a session low at 1.3583 at 10:53 GMT, losing 0.24% for the day. Support was likely to be received at January 6th low, 1.3572, also the pair’s weakest since […]
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