December 2, 2013 10:24 am
Gold declined on Monday, extending the worst monthly performance since June on reinforced speculations the Federal Reserve will 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, adding to bearish sentiment. A stronger dollar […]
Read moreDecember 2, 2013 8:38 am
On Monday the Japanese yen reached fresh 6-month lows against the US dollar on Bank of Japan (BoJ) Governors statement of a continuing central bank quantitative easing in an attempt to achieve a stable 2% rate of inflation. USD/JPY reached a session high at 102.67 at 8:32 GMT, gaining 0.20% for the day. On Friday, […]
Read moreDecember 1, 2013 7:57 am
Gold gained on Friday, but fell for a third consecutive month in November after overall upbeat data from the U.S. reinforced speculations for an earlier-than-expected reduction in Fed’s monetary stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. However, strong Chinese physical […]
Read moreNovember 30, 2013 4:00 pm
EUR climbed to one month highs against the US dollar on Friday, after a report showed that inflation in the Euro zone is advancing at a faster-than-expected pace and the unemployment in the zone is declining. Having reached highs unseen since October 31-st at 1.3622 at 6:16 GMT. EUR/USD pair ended the week just below […]
Read moreNovember 29, 2013 3:01 pm
The worlds largest wheat producer China is expected to grow 2 million tons of wheat more than previously estimated in October, the International Grain Council reported on Friday. According to the London-based IGC, the harvest will surge to 698.4 million metric tons, compared to 654.9 million tons in the 2012-13 season. Wheat plunged 25% on […]
Read moreNovember 29, 2013 2:08 pm
EUR/JPY was trading in proximity to 4-year highs on Friday, after a report showed that inflation in the euro zone is advancing at a faster-than-expected pace. EUR/JPY reached highs unseen since October 14th 2008 at 139.71 at 01:45 GMT on Friday. The pair was trading at 139.20 at 13:29 GMT. Support was likely to be […]
Read moreNovember 29, 2013 11:08 am
Natural gas continued its upward trend on Friday, having hit fresh 6-months highs yesterday on cold weather outlook across most of the densely populated US areas, which boosts demand for the power-station fuel for heating purposes. EIA report further supported the market, showing robust demand, as US gas inventories fell in line with expectations last […]
Read moreNovember 29, 2013 10:02 am
Gold gained on Friday, but is headed for a third monthly decline after overall upbeat data from the U.S. reinforced speculations for an earlier-than-expected reduction in Feds monetary stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. However, strong Chinese physical demand […]
Read moreNovember 29, 2013 8:59 am
Aussie headed for its longest drop, after falling for a sixth consecutive week against its US counterpart. This is the longest losing sequence, since the seven-week decline, ended in February 1997. The Australian dollar depreciated against the US dollar on rising concerns about declining foreign investments in the near future and rising concerns that RBA […]
Read moreNovember 28, 2013 3:05 pm
The South Korean won ontinued its downward trend, after having touched a two-week low on Wednesday on concerns that South Korean exporters were losing competitiveness against Japanese rivals as the yen drops. Government bonds also fell. USD/KRW reached a session high at 1 064.80 during late Asian trade, which is slightly lower than yesterdays two-week […]
Read more