January 3, 2014 9:26 am
The euro declined against the US dollar on Friday, after recent upbeat US data reinforced speculation for further Fed tapering. Having reached a session low at 1.3629 at 09:10 GMT, the pairs lowest since December 20th, EUR/USD consolidated at 1.3634, losing 0.27% for the day. Support was likely to be received at December 20th low […]
Read moreJanuary 3, 2014 7:53 am
Gold is set for the largest weekly advance since October on speculation for increased China 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 2, 2014 2:52 pm
Grain futures were mixed on Thursday, with wheat advancing, while corn and soybeans declined. Grains registered annual declines in 2013, with corn losing as much as 40%, the steepest decline on record. On the Chicago Board of Trade, wheat futures for settlement in March advanced 0.20% to trade at $6.0238 per bushel by 14:49 GMT. […]
Read moreJanuary 2, 2014 1:59 pm
The loonie, as the Canadian dollar is known, declined against its US counterpart on Thursday amid reinforced speculations that the Fed might taper its stimulus program further. Having hit a session high at 1.0662 at 12:05 GMT, USD/CAD traded at 1.0630 at 13:52, adding 0.08% for the day. Support was likely to be received at […]
Read moreJanuary 2, 2014 12:15 pm
The sterling declined against the US dollar on Thursday, after a report showed the UK manufacturing activity declined in December. Having reached a session high at 1.6604 at 05:55 GMT, the pairs highest since August 2011, GBP/USD traded at 1.6510 at 12:12 GMT, losing 0.29% for the day. Support was likely to be received at […]
Read moreJanuary 2, 2014 10:26 am
Natural gas advanced during the first trading session of 2014, after it registered the worst daily decline in eight months on December 31st. 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 Americans crank up the heating. US […]
Read moreJanuary 2, 2014 9:57 am
The euro declined against the US dollar during the first trading session of 2014 on speculation that the Fed might taper its stimulus program further. Meanwhile, reports revealed that the manufacturing activity in the euro zone improved in December. Having reached a session low at 1.3716 at 08:10 GMT, EUR/USD traded at 1.3738 at 09:54 […]
Read moreJanuary 2, 2014 8:22 am
Gold advanced during the first trading session in 2014, after registering the worst annual decline in more than thirty years. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. A stronger US dollar put more pressure on the yellow metal. However, robust physical […]
Read moreDecember 21, 2013 3:58 pm
Grain futures were mixed during the week, with wheat touching fresh 19-month lows on Friday, marking a third straight week of declines on expectations of a bigger Argentine crop, which added to record global supplies. Meanwhile, soybeans and corn advanced to settle the week higher amid weather forecasts calling for continuing dry and hot weather […]
Read moreDecember 21, 2013 3:17 pm
The loonie, as the Canadian dollar is known, touched the lowest in 3-1/2 years against the US dollar, after BoC’s signal that interest rates may stay lower for an extended period of time, in contrast with Fed’s decision to let borrowing costs rise by cutting its bond-purchasing program by $10 billion. Having hit a session […]
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