December 18, 2013 9:28 am
Natural gas advanced on Wednesday as long-term weather forecasting models predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. The energy source was also supported by early withdrawal estimates for last week, which point to a larger-than-average US gas inventories decline. On the New York Mercantile Exchange, natural gas for delivery […]
Read moreDecember 18, 2013 8:28 am
The yen fell against the US dollar, after a report by the Japanese Ministry of Finance showed a record-high trade deficit in November, undermining the Japanese yens safe haven demand. Having reached a session high at 103.03 at 02:35 GMT, USD/JPY traded at 102.95 at 08:26 GMT, gaining 0.27% for the day. The pair reached […]
Read moreDecember 17, 2013 3:56 pm
Natural gas fell on Tuesday as weather forecasting models predicted above-average temperatures in central and eastern U.S. during the next few days, easing demand for the power-station fuel. However, the energy source was supported by early withdrawal estimates for last week, which point to a larger-than-average US gas inventories decline. On the New York Mercantile […]
Read moreDecember 17, 2013 3:04 pm
Grain futures were mixed on Tuesday, with wheat hovering around the lowest since June 2012 amid expectations for a record global harvest. Soybeans declined, while corn advanced for the day. On the Chicago Board of Trade, wheat futures for settlement in March traded little changed at $6.2213 per bushel at 13:43 GMT, losing 0.01% on […]
Read moreDecember 17, 2013 3:00 pm
The loonie, as the Canadian dollar is known, traded little changed against its US counterpart, after a report that showed the US annual rate of inflation rose less-than-anticipated in November. Having hit session low at 1.0576 at 09:45 GMT, USD/CAD erased daily declines to trade little changed at 1.0598 at 14:49 GMT, gaining 0.01% for […]
Read moreDecember 17, 2013 1:04 pm
The euro erased earlier daily advances, despite reports showed improved German and Euro zone economic sentiment in December. Having reached a session high at 1.3782 at 07:50 GMT, EUR/USD declined 0.06% to trade at 1.3754 at 13:03 GMT. Support was likely to be received at December 16th low, 1.3738, while resistance was to be met […]
Read moreDecember 17, 2013 11:04 am
The sterling erased earlier daily advances against the US dollar after data showed that the annual rate of inflation in the UK fell to a four-year low in November, relieving pressure on BoE to tighten monetary policy. Having reached a session high at 1.6336 at 08:55 GMT, GBP/USD cross traded little changed at 1.6298 at […]
Read moreDecember 17, 2013 8:38 am
Gold declined on Tuesday as investors awaited policy makers decision on Feds tapering timeline at FOMCs two-day meeting, starting today. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to remain at the lowest since January 2009, adding to bearish sentiment. A weaker US dollar eased some pressure on the yellow […]
Read moreDecember 16, 2013 4:02 pm
The loonie, as the Canadian dollar is best known, advanced against the US dollar on Monday as investors awaited the FOMCs meeting on December 17th-18th, which may result in Fed tapering. USD/CAD reached a session low at 1.0575 at 10:25 GMT, to trade at 1.0576 by 15:55 GMT. Support was likely to be received at […]
Read moreDecember 16, 2013 3:27 pm
Grain futures were mixed on Monday, with wheat touching the lowest since June 2012 amid expectations for a record global harvest. Prices were pressured by the lowering probability of winter-kill on the grain as weather forecasting models called for snow across the US wheat producing regions. Corn was down as well, while soybeans advanced for […]
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