December 21, 2013 2:18 pm
Gold advanced on Friday, after hitting the lowest in six months a day earlier. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, increased on Friday for the first time in 1-1/2 months, rebounding from the lowest since January 2009. Robust physical demand from China amid the recent slump in prices supported the metal, […]
Read moreDecember 21, 2013 10:50 am
Having hit the strongest level in 2-1/2 years, natural gas erased daily advances on Friday, as investors locked in gains. On Thursday, an EIA report showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. Natural gas was further supported by long-term weather forecasting models, which predicted below-average temperatures in the […]
Read moreDecember 21, 2013 9:55 am
The sterling declined against the US dollar on Friday, as Fed’s decision to start tapering its stimulus program, continued to support the US currency. Meanwhile a string of mixed data was released in the UK. Having hit a session low at 1.6316 at 13:30 GMT on Friday, GBP/USD closed the week at 1.6329, losing 0.27% […]
Read moreDecember 21, 2013 8:50 am
The yen touched fresh 5-year lows against the US dollar on Friday, following Federal Reserve’s decision to scale back its monetary stimulus. Having hit a session high at 104.64 at 13:30 GMT, the strongest level since October 2008, USD/JPY closed at 104.10 on Friday, losing 0.14% on a daily basis. However, USD/JPY cross settled the […]
Read moreDecember 20, 2013 3:55 pm
Grain futures were mixed on Friday, with wheat touching fresh 19-month lows, poised for a third week of declines on expectations of a bigger Argentine crop adding to record global supplies. Meanwhile soybeans and corn advanced amid weather forecasts calling for continuing dry and hot weather in Argentina and Brazil. On the Chicago Board of […]
Read moreDecember 20, 2013 2:50 pm
Natural rose to the highest in 2-1/2-years following EIA’s report that showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. The energy source was also supported by long-term weather forecasting models, which predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. On the New York Mercantile […]
Read moreDecember 20, 2013 2:45 pm
The loonie, as the Canadian dollar is known, traded at the lowest in 3-1/2 years against the US dollar following a report that showed the final US GDP unexpectedly accelerated in the third quarter. Having hit a session high at 1.0737 at 13:41 GMT, USD/CAD traded at 1.0704 at 14:44, adding 0.38% for the day. […]
Read moreDecember 20, 2013 12:50 pm
The sterling declined against the US dollar as investors moved their focus on the release of U.S. economic growth data later in the day, while Feds decision to start tapering its stimulus program, continued to support the US currency. Meanwhile, a string of mixed data was released in the UK. Having hit a session low […]
Read moreDecember 20, 2013 9:43 am
Gold advanced on Friday, after hitting the lowest in six months yesterday. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced and 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 demand from China amid […]
Read moreDecember 20, 2013 8:41 am
The yen touched fresh 5-year lows against the US dollar after Bank of Japan stated it will keep its monetary base policy target and the pace of asset purchases unchanged. Having hit a session high at 104.59 at 06:00 GMT, USD/JPY traded at 104.47 at 08:39 GMT, adding 0.22% for the day. The pair was […]
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