December 13, 2013 3:32 pm
The euro declined against the US dollar, following overall upbeat US data that may prompt the Fed to taper as early as next week. EUR/USD traded at 1.3734 at 15:30 GMT,losing 0.15% for the day. Support was likely to be received at December 9th low, 1.3695, while resistance was to be encountered at December 12th […]
Read moreDecember 13, 2013 1:45 pm
Natural gas moved off yesterdays 7-1/2-month high after EIAs Thursday report showed US inventories fell below expectations last week. However, the energy source remained supported as weather forecasts continued to call for bellow-normal temperatures across most of the densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in January declined by […]
Read moreDecember 13, 2013 12:46 pm
The Swiss franc advanced on Friday against the greenback, after a report by the Swiss Federal Statistical Office revealed better-than expected PPI in November. USD/CHF traded at 0.8911 at 12:44 GMT, gaining 0.21% on a daily basis. On December 11th the pair touched the lowest level since November 4th 2011. Support was likely to be […]
Read moreDecember 13, 2013 9:59 am
Gold traded mostly unchanged on speculations demand will pick up after the metal registered yesterday the largest daily loss in four weeks. Strong US retail data raised concerns that the Fed might trim its asset purchasing program as early as next week. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by […]
Read moreDecember 13, 2013 8:50 am
The yen weakened against the US dollar to the lowest level in five years, as the difference in yield between US Treasuries and Japanese bonds widened the most since April 2011. Having touched the highest level since October 2008 on Thursday, USD/JPY traded at 103.58 at 08:33 GMT, gaining 0.2% for the day. The pair […]
Read moreDecember 12, 2013 4:10 pm
Natural gas kept most of its gains but eased off a recently hit 7-1/2-month high following EIAs report that showed US inventories fell below expectations last week. The energy source however remained supported as long-term weather forecasts continued to call for freezing cold temperatures across most of the densely-populated US areas. On the New York […]
Read moreDecember 12, 2013 3:45 pm
Grain futures declined on Thursday, with corn retreating amid growing speculations that China, the second biggest importer, could probably reject more U.S. cargoes containing an unauthorized, genetically modified substance. On the Chicago Board of Trade, corn for March delivery declined 0.96 percent to $4.3438 a bushel by 15:25 GMT. Futures held in a range between […]
Read moreDecember 12, 2013 2:49 pm
The euro pulled back from six-week highs against the US dollar, as data showed industrial production in the Euro zone contracted in October. Having hit the strongest level in six weeks on Wednesday, EUR/USD traded at 1.3758 by 14:48 GMT, losing 0.2% on a daily basis. Support was likely to be received at December 11th […]
Read moreDecember 12, 2013 12:56 pm
Natural gas rose to the highest since May 1st ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. Long-term weather forecasts continued to call for freezing cold temperatures across most of the densely -populated US areas. On the New York Mercantile Exchange, natural gas for delivery in January […]
Read moreDecember 12, 2013 10:46 am
The Swiss franc retreated from more than two-year highs against the US dollar, following SNB decision to maintain its benchmark interest rate unchanged. Having hit the weakest level since November 2011 on Wednesday, USD/CHF traded at 0.8876 at 10:43 GMT, gaining 0.14% for the day. Support was likely to be received at December 11th low, […]
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