December 12, 2013 9:39 am
Gold fell on Thursday on increased bets for a reduction in Feds assets purchases after US lawmakers reached a compromise on a two-year budget accord that would lift the fiscal uncertainty. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced to reach the lowest since January 2009 , adding to bearish sentiment. […]
Read moreDecember 12, 2013 8:39 am
The kiwi advanced against the US dollar after the statement of Graeme Wheeler, Governor of the Reserve Bank of New Zealand (RBNZ). Having reached a session high at 0.8292 at 06:15 GMT, NZD/USD traded at 0.8278 at 08:22 GMT, gaining 0.24% for the day. Support was to be received at December 11th low, 0.8201, while […]
Read moreDecember 11, 2013 4:13 pm
Grain futures were mixed on Wednesday with wheat declining, while corn and soybeans advanced despite increased US forecasts for global production. On the Chicago Board of Trade, corn for March delivery surged by 0.41 percent to $4.3838 a bushel by 15:59 GMT. Futures held in range between day’s high and low of $4.3862 and $4.3438 […]
Read moreDecember 11, 2013 2:37 pm
The euro touched fresh six-week highs against the greenback and advanced for a sixth day, registering the longest string of gains since December 2012. The euro was supported by ECB Vice-president comments. EUR/USD hit a session high at 1.3796 at 14:19 GMT, gaining 0.25% on a daily basis. Support was likely to be received at […]
Read moreDecember 11, 2013 1:14 pm
Natural gas retreated after hitting a 6-1/2-month high yesterday as investors awaited the release of the EIAs weekly inventories report due on Thursday. Weather forecasts continued to call for below-average temperatures and heavy snows across much of US. On the New York Mercantile Exchange, natural gas for delivery in January declined by 0.94% to $4.197 […]
Read moreDecember 11, 2013 10:35 am
The sterling fell on Wednesday, after closing at the strongest level in more than two years against the greenback yesterday, ahead of BoE policy maker Martin Weales speech. GBP/USD reached a session low at 1.6391 at 10:17 GMT, losing 0.33% for the day. Yesterday the pair closed at the highest level since August 2011. Support […]
Read moreDecember 11, 2013 9:45 am
Gold fell on Wednesday, after yesterday it registered the largest daily advance in seven weeks as investors weighed Feds tapering prospects. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009 for a third day, adding to bearish sentiment. Increased Chinese physical demand relieved some pressure on the […]
Read moreDecember 11, 2013 8:23 am
The yen rebounded from yesterdays 6-1/2-month lows against the US dollar on upbeat data from Japans machinery industry. USD/JPY hit a session low at 102.41 at 07:46 GMT, losing 0.41% for the day. Support was likely to be received at December 6th low, 101.72, while resistance was to be encountered at December 10th high, 103.39. […]
Read moreDecember 10, 2013 3:56 pm
Grain futures were mixed on Tuesday, with wheat touching the lowest since September 16th, while soybeans advanced. Corn fell as well. Wheat futures for settlement in March traded at $6.4163 per bushel by 15:37 GMT, losing 1.39% on daily basis. Prices jumped to a session high of $6.5212, while day’s low was touched at $6.4112 […]
Read moreDecember 10, 2013 2:40 pm
The euro advanced to six-week highs against the US dollar amid ECB Governors comments and rising optimism in the Euro zone. EUR/USD reached a session high at 1.3774 by 14:30, gaining 0.24% for the day, the strongest since the end of October. Support was likely to be received at December 9th low, 1.3695, while resistance […]
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