December 16, 2013 2:06 pm
Natural gas fell on Monday as weather forecasting models predicted above-average temperatures in central and eastern U.S. during the next few days, limiting the power-station fuel’s demand prospects. 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 16, 2013 11:12 am
The euro advanced on Monday after the Euro zone reported better-than expected PMI data, with only France being again the worst performer. EUR/USD hit a session high at 1.3784 at 10:43 GMT, gaining 0.28% for the day. Support was likely to be received at December 13th low, 1.3710, while resistance was to be met at […]
Read moreDecember 16, 2013 9:36 am
The Japanese yen rebounded from five-year lows against the US dollar on Monday, following a BoJ survey, which showed major manufacturers are most bullish since 2007. USD/JPY traded at 103.05 at 09:15 GMT, down 0.16% for the day. Support was likely to be received at December 12th low, 102.47, while resistance was to be encountered […]
Read moreDecember 16, 2013 9:34 am
Gold fell on Monday, as strong US retail data raised concerns that the Fed might decide to trim its asset purchasing program at FOMCs policy meeting due Tuesday-Wednesday this week. Also fanning negative sentiment, a Bloomberg survey showed that holdings in exchange-traded products (ETP) will contract further in 2014. Assets in the SPDR Gold Trust, […]
Read moreDecember 15, 2013 3:47 pm
The greenback advanced to the strongest level in five years against the yen on Friday amid speculations for Fed tapering as early as next week. Having hit a session high at 103.92 at 05:15 GMT, the strongest level since October 2008, USD/JPY closed at 103.22 on Friday, losing 0.15% on a daily basis. However, USD/JPY […]
Read moreDecember 14, 2013 3:00 pm
The euro edged lower on Friday, but marked a fifth consecutive week of advances against the US dollar, after a mixed string of data coming from the US and the Euro zone. Investors weighed the chances of a Fed tapering in the upcoming week. Having hit a session high at 1.3769 at 08:30 GMT on […]
Read moreDecember 14, 2013 1:52 pm
Having hit the strongest level in 7-1/2 months, natural gas erased daily advances on Friday, as investors locked in gains. On Thursday, an EIA report showed US inventories fell below expectations last week. However, natural gas remained supported as weather forecasts continued to call for bellow-normal temperatures across most of the densely-populated US areas. On […]
Read moreDecember 14, 2013 10:23 am
Gold rose on Friday amid signs of low US inflation, which reduced speculations that the Fed will taper its stimulus program next week. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by the largest daily amount in nearly two months on Thursday and fell to the lowest since January 2009, adding […]
Read moreDecember 14, 2013 9:07 am
The loonie, as the Canadian dollar is known, snapped three weeks of declines against its US counterpart, as investors weighed BoC’s decision to maintain interest rates for “quite some time”, in contrast with the Fed’s decision to let borrowing costs rise by cutting its bond-purchasing program “in the coming months”. USD/CAD reached a daily high […]
Read moreDecember 13, 2013 4:01 pm
Grain futures declined on Friday, with wheat touching 4-month lows. Corn and soybeans lost ground as well. On the Chicago Board of Trade, corn for March delivery declined 0.69 percent to $4.3062 a bushel by 15:44 GMT. Futures held in a range between day’s high and low of $4.3488 and $4.2838 per bushel, respectively. On […]
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