January 6, 2014 12:20 pm
The sterling declined for a third day against the US dollar, following a report that showed UK services growth unexpectedly slowed its pace in December. Having reached a session low at 1.6338 at 09:35 GMT, GBP/USD traded at 1.6378 at 12:16 GMT, losing 0.25% on a daily basis. Support was likely to be received at […]
Read moreJanuary 6, 2014 10:27 am
The euro advanced against the US dollar, rebounding from the previously touched 1-month low, following a report that showed the investors in the Euro area were most bullish in January in almost two years. Having hit a session low at 1.3572 at 06:05 GMT, EUR/USD traded at 1.3608 at 10:23 GMT, adding 0.14% for the […]
Read moreJanuary 6, 2014 9:25 am
Natural gas advanced on Monday as weather forecasting models continued to show record breaking cold temperatures in many densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in February surged by 1.57% to $4.372 per million British thermal units by 09:20 GMT. Prices shifted in a daily range between $4.375 and […]
Read moreJanuary 6, 2014 8:33 am
Gold advanced to the strongest level in three weeks on speculation the recent slump in prices spurred increased Chinese demand. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreJanuary 5, 2014 2:59 pm
Gold advanced on Friday, capping the largest weekly advance since October on robust Chinese physical demand. A stronger US dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. On the Comex division […]
Read moreJanuary 4, 2014 3:36 pm
The euro declined against the US dollar on Friday, after recent upbeat US data reinforced speculation for further Fed tapering. EUR/USD reached a session low at 1.3583 at 20:55 GMT, the pairs lowest since December 5th, after which it closed at 1.3589, losing 0.6% for the day. Support was likely to be received at December […]
Read moreJanuary 3, 2014 2:43 pm
The Japanese yen advanced against the US dollar on Friday and was poised for the first 5-day drop in 10 weeks on bets that its recent decline might have been excessive. USD/JPY touched a session low at 104.08 at 05:00 GMT,after which the pair consolidated at 104.36, declining 0.42% for the day. Support was likely […]
Read moreJanuary 3, 2014 1:41 pm
Grain futures were mixed on Friday, with wheat hovering around 19-month lows on favorable weather conditions and a record-high global output. Meanwhile, corn and soybeans advanced. On the Chicago Board of Trade, wheat futures for settlement in March declined by 0.12% to trade at $5.9688 per bushel by 13:33 GMT. Prices jumped to a session […]
Read moreJanuary 3, 2014 12:05 pm
Natural gas declined on Friday and was set for second weekly decline, ahead of a government report that may show a lower-than-average withdrawal in US inventories last week. However, weather forecasting models supported the energy source by calling for below-average temperatures in most of the densely-populated US areas, boosting demand for the power-station fuel as […]
Read moreJanuary 3, 2014 10:12 am
GBP/USD traded little changed on Friday, after a number of positive reports were released in the UK. Yesterday, the pair touched the highest level since August 2011. Having reached a session high at 1.6464 at 08:10 GMT, GBP/USD traded little changed at 1.6462 by 10:02 GMT, gaining 0.05% for the day. Support was likely to […]
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