December 10, 2013 12:33 pm
Natural gas hit a fresh 6-1/2-month high as weather forecasts continued to call for bitter cold temperatures and heavy snows and ice across much of US, increasing demand for natural gas. Thursday’s EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which continued to support the market. […]
Read moreDecember 10, 2013 10:45 am
The sterling advanced against the US dollar, after a number of UK reports signaled that the British economic recovery is deepening. Having reached the strongest level since August 2011 at 1.6466 by 04:40 GMT, GBP/USD traded at 1.6454, gaining 0.16% on a daily basis, by 10:44 GMT. Support was likely to be found at December […]
Read moreDecember 10, 2013 9:16 am
Gold advanced amid speculations for increased Chinese demand and a weaker dollar. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February added […]
Read moreDecember 10, 2013 8:07 am
The Japanese yen declined to the lowest level in a 6-1/2 months against the greenback, following increased odds for a Fed taper on FOMCs December 17-18th policy meeting amid shrinking Japanese activity in the services sector. USD/JPY reached a session high at 103.39 at 06:59 GMT. The pair snapped daily gains to trade at 103.25 […]
Read moreDecember 9, 2013 4:00 pm
Grain futures were mixed on Monday, with wheat losing ground as a record-high output is expected. Meanwhile, corn and soybeans advanced. Wheat futures for settlement in March traded at $6.5013 per bushel by 15:39 GMT, losing 0.2% on daily basis. Prices jumped to a session high of $6.5712, while day’s low was touched at $6.5012 […]
Read moreDecember 9, 2013 3:16 pm
The loonie, as the Canadian dollar is known, declined on Monday against its US counterpart amid bets the Fed might taper as early as next week. Speculations arouse that Fed officials, speaking later today may signal a Fed tapering is just around the corner. USD/CAD hit a session high at 1.0670 at 14:38 GMT, having […]
Read moreDecember 9, 2013 1:27 pm
The euro advanced to the strongest level against the US dollar, as Fridays better-than-expected labor market data fueled risk appetite, making the demand for safe-haven currencies like the US dollar less attractive. Meanwhile, released economic indicators in Germany and the Euro zone showed an uneven economic recovery in the 17-nations common area. Having hit the […]
Read moreDecember 9, 2013 10:59 am
Natural gas traded close to Friday’s highs, unseen in more than six months, after weather forecasts continued to call for bitter cold temperatures and heavy snows across much of US, increasing demand for natural gas. Thursdays EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which further […]
Read moreDecember 9, 2013 9:33 am
Gold traded little changed amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus, while a weaker dollar limited losses. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by 3 tons to touch the lowest since January 2009, adding to bearish sentiment. On the Comex division of […]
Read moreDecember 9, 2013 8:41 am
The yen fell against the US dollar as the Japanese economy slowed its growth in the third quarter. USD/JPY hit a session high at 103.18 at 08:18 GMT, gaining 0.31% on a daily basis. Support was likely to be received at December 6th low, 101.72, while resistance was to be encountered at December 3rd high, […]
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