December 5, 2013 1:30 pm
The pound weakened against the US dollar after Bank of Englands decision to maintain the record low benchmark interest rate and to leave its asset-purchasing program unchanged. GBP/USD reached a session low at 1.6327 at 12:47 GMT, after having risen to a 27-month high on December 2nd. Support was likely to be received at November […]
Read moreDecember 5, 2013 10:20 am
Natural gas hovered close to 6-month highs for a second day, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. Weather forecasts called for freezing temperatures across most of the US densely populated areas. On the New York Mercantile Exchange, natural gas futures for settlement in January traded […]
Read moreDecember 5, 2013 9:30 am
The Japanese yen advanced against the US dollar as equities fell, leading to a boosted demand for the safe haven currencies, such as the Japanese yen. USD/JPY hit a session low at 101.85 at 07:20 GMT, losing 0.5% on a daily basis. At 09:04 GMT the pair traded at 102.06. Support was likely to be […]
Read moreDecember 5, 2013 8:51 am
Gold fell as prices surged yesterday by the most in three weeks, which lured some investors to sell the precious metal, clustering sell orders. Speculations arose again that better-than-expected data due later today and tomorrow may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further […]
Read moreDecember 4, 2013 4:11 pm
The loonie, as the Canadian dollar is known declined against its US counterpart, amid better-than-expected US employment data. This reinforced speculations that The Fed will slow its monetary stimulus that tends to weaken the US dollar. USD/CAD touched a session high at 1.0697 at 15:02, the highest since May 27th 2010, The pair gained 0.42% […]
Read moreDecember 4, 2013 3:04 pm
Grain futures were mixed on Wednesday, as some Brazilian farming companies announced their plans of switching production from corn to soybeans, which may end in a global glut. Soybeans and wheat declined, while corn gained. On the Chicago Board of Trade, soybeans futures for settlement in January hit a session low at $13.1175 per bushel […]
Read moreDecember 4, 2013 1:51 pm
Natural gas remained near 6-month highs, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at $3.964 per million British thermal units at 13:50 GMT, down 0.31% on the day, having reached a 6-month […]
Read moreDecember 4, 2013 1:07 pm
EUR/USD traded little changed on Wednesday after a string of mixed Euro zone economic reports was released earlier in the day. Market players awaited the ECB decision on its benchmark interest rate, due tomorrow, as well as important series of economic data out of the United States. The pair traded at 1.3597 at 13:03 GMT, […]
Read moreDecember 4, 2013 10:49 am
The sterling edged lower against the US dollar, after the Chartered Institute of Purchasing and Supply (CIPS) announced the results of its survey on services sector activity. The results indicated that activity in the service sector expanded at a slower-than-expected pace in November. GBP/USD hit a session low at 1.6329 at 09:28 GMT, after which […]
Read moreDecember 4, 2013 8:58 am
Gold extended losses on Wednesday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. A stronger dollar further pressured gold. On […]
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