December 19, 2013 4:00 pm
Natural gas advanced after EIA’s report showed US inventories fell by a record-high 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 Exchange, natural gas for delivery in […]
Read moreDecember 19, 2013 3:12 pm
The Japanese yen declined against the US dollar following the release of the Feds tapering decision on Wednesday. Having reached a session high at 104.34 at 13:20 GMT, USD/JPY traded at 104.14 at 15:10 GMT, losing 0.14% for the day. Support was likely to be received at December 18th low, 102.64, while resistance was to […]
Read moreDecember 19, 2013 1:30 pm
Grain futures advanced on Thursday, with wheat gaining for the first time in six days as some market players considered the 4.5% slump in the previous 5 trading sessions as excessive. Prices rebounded from yesterdays 18 month-low. On the Chicago Board of Trade, wheat futures for settlement in March advanced 0.17% to trade at $6.1363 […]
Read moreDecember 19, 2013 10:44 am
The pound rebounded from more than-two year highs against the US dollar amid Feds decision to trim its monthly asset purchases at the policy meeting on Wednesday. Having reached a session low at 1.6366 at 02:15 GMT, GBP/USD traded at 1.6369 at 10:27 GMT, losing 0.13% on a daily basis. Support was likely to be […]
Read moreDecember 19, 2013 9:50 am
The euro declined against the US dollar, following Fed’s decision to reduce the scale of its monthly asset purchases at the policy meeting on Wednesday. Having reached a session low at 1.3650 at 03:00 GMT, EUR/USD traded at 1.3679 at 09:48 GMT, losing 0.05% for the day. Support was likely to be received at December […]
Read moreDecember 19, 2013 9:03 am
Gold plunged to nearly 6-month lows on Thursday, following Feds decision to cut its monthly bond purchases on brightened outlook for the US jobs market. 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 […]
Read moreDecember 18, 2013 4:09 pm
The US dollar advanced against the euro, as investors awaited the outcome of the FOMC meeting and potential news on Fed’s tapering timeline. Meanwhile, the greenback was supported by better-than-expected US Housing data for November. Having reached a session high at 1.3778 at 07:15 GMT, EUR/USD erased daily advances to trade at 1.3757 at 16:07 […]
Read moreDecember 18, 2013 2:45 pm
Grain futures were mixed on Wednesday, with wheat declining for a fifth consecutive day to the lowest in 18 months amid forecasts for an all-time high global harvest, according to data by the US Department of Agriculture. Corn also declined on speculations that China has rejected more than 500 000 metric tons of U.S. Corn […]
Read moreDecember 18, 2013 12:43 pm
The pound rose against the US dollar after Bank of England released its December 5th policy meeting minutes. The British currency was also supported by a report by the UK National Statistics, which revealed that the unemployment rate reached a 4-year low in the three months through October. Having hit a session high at 1.6365 […]
Read moreDecember 18, 2013 12:37 pm
Gold advanced in a cautious trade on Wednesday as investors awaited the outcome of the FOMC meeting and potential news on Fed’s tapering timeline. 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 pressured the […]
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