December 3, 2013 4:02 pm
Natural gas reached the highest level since June 5th on chilly weather outlook 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 $3.994 per million British thermal units at 15:54 GMT, up 0.14% […]
Read moreDecember 3, 2013 2:58 pm
The euro advanced on Tuesday against the US dollar, after the Spanish Ministry of Employment announced an unexpected decline in jobless claims. EUR/USD reached a session high at 1.3593 at 13:44 GMT, gaining 0.38% for the day. The pair was trading at 1.3574 at 14:40 GMT. Support was likely to be met at November 26th […]
Read moreDecember 3, 2013 1:23 pm
Grain futures were mixed on Tuesday, with wheat advancing, while soybeans and wheat edged lower. The rainy weather outlook in South America further pressured prices. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.1463 per bushel at 13:19 GMT, losing 0.5% on a daily basis. Prices swung between days […]
Read moreDecember 3, 2013 11:55 am
On Tuesday, the sterling traded close to yesterdays 27-month high against the US dollar, after the UK Chartered Institute of Purchasing and Supply (CIPS) released upbeat Construction PMI data. GBP/USD hit a session high at 1.6437 at 11:47 GMT gaining 0.49% on a daily basis, having reached 1.6442 at 00:25 GMT on Monday, the highest […]
Read moreDecember 3, 2013 9:52 am
Gold extended losses on Tuesday, having hit the lowest level since July 8th on Monday 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, remained at the lowest since January 2009 for a fourth […]
Read moreDecember 3, 2013 8:35 am
On Tuesday, the Japanese yen, having hit 6-month lows against the US dollar yesterday on BoJ Governors statement, reached a new 6-month bottom. The yen depreciated the most against the US dollar since May 23rd on reinforced speculation of earlier-than-expected Fed tapering. USD/JPY hit a session high at 103.38 at 4:35 GMT, which is the […]
Read moreDecember 2, 2013 4:15 pm
Grain futures were mixed on Monday with soybeans reaching a 10-week high on increased demand for US supplies, while corn and wheat posted moderate losses. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.2313 per bushel at 15:14 GMT. Prices jumped to a day’s high of $13.4588 per bushel, […]
Read moreDecember 2, 2013 3:11 pm
EUR/USD edges lower after a string of mixed economic data was released out of the Euro zone on Monday. The countries in the Euro zone provided mixed signals to the market players. EUR/USD reached a session low at 11:30 GMT to trade at 1.3526, after which consolidation followed at 1.3540. The pair was trading at […]
Read moreDecember 2, 2013 1:26 pm
Natural gas traded overall steadily on Monday, having hit fresh 6-months highs on Friday as cold weather is expected across most of the densely-populated US areas, boosting demand for the power-station fuel for heating purposes. Last weeks EIA inventories report further supported the market as US gas inventories fell in line with expectations in the […]
Read moreDecember 2, 2013 11:53 am
GBP/USD reached fresh 27 month highs, after the release of the UK PMI. At 09:28 on Monday, the Chartered Institute of Purchasing and Supply announced the results of its survey on manufacturing activity. The results indicated that activity in the sector expanded at the fastest pace in 33 months in November. Having reached a session […]
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