December 8, 2013 11:42 am
Gold fell on Friday amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus. 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. A weaker dollar relieved some pressure on the metal. On the Comex […]
Read moreDecember 7, 2013 3:12 pm
The loonie, as the Canadian dollar is known, declined for a third week against its US counterpart, after BoCs announcement that interest rates may stay lower for a prolonged period of time, in contrast with the Feds decision to let borrowing costs rise by cutting its bond-purchasing program “in the coming months”. Having hit a […]
Read moreDecember 6, 2013 3:04 pm
USD/CAD snapped a multi-year high to trade little changed on brightened US economy outlook. Meanwhile, the Canadian indicators, pressured the earlier advances. Having hit a session high at 1.0707 at 13:30 GMT, the highest since May 2010, USD/CAD traded little changed. The pair traded at 1.0658 at 14:47 GMT. Support was likely to be received […]
Read moreDecember 6, 2013 3:02 pm
Grain futures lost ground on Friday, with wheat output reaching a record-high. Wheat futures for settlement in March traded at $6.5138 per bushel by 14:49 GMT, losing 0.1% on daily basis. Prices jumped to a session high of $6.5488, while day’s low was touched at $6.5138 per bushel. The grain has lost 2.5% this week, […]
Read moreDecember 6, 2013 12:54 pm
Having hit a 5-week high on Thursday, today the euro traded little changed against the US dollar. EUR/USD traded at 1.3671 by 12:53 GMT, gaining 0.01% on a daily basis. Support was likely to be received at December 5th low, 1.3544, while resistance was to be encountered at October 31st high, 1.3738. The German Economy […]
Read moreDecember 6, 2013 12:00 pm
Gold fell amid speculations that better-than-expected US data from yesterday and keenly anticipated economic indicators due later today may prompt the Federal Reserve to taper stimulus. 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. A stronger dollar put […]
Read moreDecember 6, 2013 10:34 am
The sterling advanced against the US dollar, after the HBOS reported its Housing Prices index, amid growing inflationary expectations. GBP/USD reached a session high at 1.6360 at 10:21 GMT, gaining 0.21% for the day, having hit on Monday 1.6442, the highest level in 27 months. Support was likely to be received at December 5th low, […]
Read moreDecember 6, 2013 9:01 am
Natural gas traded close to yesterdays 6-1/2 month highs, after the Energy Information Administration reported a record November withdrawal in US gas inventories in the week ended November 29th. Weather forecasts called for bitter cold temperatures and heavy snows across much of US, which further supported the market. On the New York Mercantile Exchange, having […]
Read moreDecember 5, 2013 3:10 pm
The euro advanced the most in 5 weeks against the US dollar on ECB Governor Mario Draghi comments, made after the policy meeting of the bank. EUR/USD hit a session high at 1.3668 at 15:02 GMT, the highest in more than a month, after which consolidation followed at 1.3660. Support was likely to be received […]
Read moreDecember 5, 2013 2:09 pm
Grain futures edged lower on Thursday, with wheat hitting one week lows amid increased output estimates from Canada and Australia while wheat production is already at an all-time high. Prices were further pressured after the Agricultural Market Information System, set up by the Group of 20 countries, announced today that global wheat, corn and soybeans […]
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