January 8, 2014 9:23 am
The pound advanced against the US dollar on Wednesday, ahead of the release of BoEs interest rate and Quantitative Easing (QE) decision, due tomorrow. GBP/USD touched a session high at 1.6429 at 09:12, gaining 0.17% for the day. On January 2nd the pair touched 1.6604, the strongest since August 2011. Support was likely to be […]
Read moreJanuary 8, 2014 8:17 am
Gold declined on Wednesday ahead of the release of FOMCs last meeting minutes and amid speculations that the central bank may continue to reduce its monthly bond-buying program as the US economy improves. A stronger dollar further weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at a 5-year low, adding […]
Read moreJanuary 7, 2014 3:42 pm
Grains advanced on Tuesday, with wheat advancing on potentially harmful low US temperatures, which have not been seen in decades. Corn and soybeans also advanced. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.28% to trade at $6.0813 per bushel by 15:32 GMT. Prices jumped to a session high […]
Read moreJanuary 7, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed a gauge, which tracks the Canadian economic activity unexpectedly contracted to 34-month low in December. In addition, the nations trade deficit widened, adding to bearish statement, in contrast with the US trade deficit which narrowed to […]
Read moreJanuary 7, 2014 12:45 pm
Natural gas advanced on Tuesday as short-term weather forecasts continued to call for cold temperatures in many densely-populated US areas, boosting demand for the power-station fuel as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February increased by 0.59% to $4.332 per million British thermal units by […]
Read moreJanuary 7, 2014 9:56 am
The euro traded little changed, close to 1-month low against the greenback, despite the upbeat data, coming from the largest euro zone economy, Germany. Having reached a session low at 1.3611 at 06:25 GMT, EUR/USD lost 0.05% to trade at 1.3621 at 09:50 GMT. Support was likely to be received at January 6th low, 1.3572, […]
Read moreJanuary 7, 2014 9:13 am
The yen declined against the US dollar on Tuesday after a report by BoJ showed progress in the central banks monetary stimulus, contrasting from the Federal Reserve policy, which is expected to end its bond-purchasing program at the end of the year. Having reached a session high at 104.62 at 03:40 GMT, USD/JPY traded at […]
Read moreJanuary 7, 2014 8:00 am
Gold advanced on Tuesday, after a report showed shipments to China from Hong Kong more than doubled. However, a stronger dollar pressured the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at a 5-year low, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, […]
Read moreJanuary 6, 2014 3:43 pm
Grain futures advanced on Monday, with wheat touching two-week highs as weather forecasting models showed possible damage on the US crops, the worlds largest wheat exporter. Corn and soybeans also advanced. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.61% to trade at $6.0988 per bushel by 15:39 GMT. […]
Read moreJanuary 6, 2014 3:19 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, following the comments of the Canadian Finance Minister, Jim Flaherty, who said the nations manufacturers may soon be helped by a weaker dollar. Having hit a session high at 1.0681 at 14:07 GMT, USD/CAD traded at 1.0671 by 15:17 GMT, adding […]
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