November 26, 2013 12:18 pm
The USD/CNY traded unchanged, although air tension rises in the Chinese-Japanese conflict area. The spot rate for the yuan traded in Shanghai was steady at 6.0927, according to China Foreign Exchange Trade System. Support was likely to be received at November 20th low, 6.0916, while resistance was to be encountered at November 21st high, 6.1300. […]
Read moreNovember 26, 2013 8:39 am
EUR/USD hit a one-week high after the statement of the Governor of Peoples Bank of China (PBOC), Zhou Xiaochuan, made in Beijing earlier today. The EUR/USD reached a session high at 1.3571 at 8:25 GMT, gaining 0.39% on a daily basis. Support was likely to be found at November 25th low, 1.3490, while resistance was […]
Read moreNovember 25, 2013 3:20 pm
Natural gas rose to the highest in 6 months as weather forecasting models continued to point to below-average temperatures through most of the U.S., supporting demand for the power-station fuel. A larger-than-expected decline in U.S. inventories last week continued to underpin the market. On the New York Mercantile Exchange, natural gas for delivery in January […]
Read moreNovember 25, 2013 1:31 pm
Indian rupee appreciated against the US dollar following yesterdays Iran agreement to curtail nuclear activities in exchange to easing of some sanctions on precious metals, oil, gold and auto parts. This is a historical moment, after a decade-long deteriorated economic and political conditions between the West and the Islamic country. The USD/INR hit a session […]
Read moreNovember 25, 2013 10:19 am
The sterling reached its highest level in one month against the U.S. dollar, following the release of the report on loans for house purchase by the British Bankers Association (BBA). The GBP/USD reached a session low at 1.6185 at 9:29 GMT, losing 0.23% on a daily basis. Support was likely to be found at November […]
Read moreNovember 25, 2013 9:10 am
The euro lost ground against the US dollar on Monday, as markets awaited the release of the report on Pending Home Sales out of the United States. EUR/USD hit a session low at 1.3534 at 8:30 GMT, losing 0.2% on a daily basis. Support was likely to be found at November 22nd low, 1.3463, while […]
Read moreNovember 22, 2013 2:54 pm
SEK advanced against EUR, after the release of a report about the values of three different indicators, which measure the consumers and business confidence in Sweden. All of them had beaten the analysts forecasts. EUR/SEK reached a session low at 8.8794, at 9:45 GMT, the lowest since November the 12-th. Support was likely to be […]
Read moreNovember 22, 2013 1:35 pm
Increased demand for US supply of soybeans boosted the price of futures to a one-week high. On the Chicago Board of Trade soybeans contracts for settlement in January rose 0.4% to 12.97 per bushel, which is the highest level for most actively traded futures for one week. Yesterday, on the same Chicago Board of Trade, […]
Read moreNovember 22, 2013 10:48 am
The Chief Financial Officer of the United Continental Holdings Inc. (UAL), John Rainey said yesterday in an interview that his company is interested in Boeing Co. new 777 planes in an attempt to better compete long-range flying as it braces for increased competition from Middle Eastern carriers such as Emirates. The largest U.S. operator of […]
Read moreNovember 22, 2013 9:19 am
Although there are growing concerns about the economic policy of the Japanese Prime Minister, Shinzo Abe, Goldman Sachs raised its one-year outlook for Japanese shares, boosting their price target for a sixth time in the current 2013 year. In a yesterdays report by a group of strategists led by Kathy Matsui, cited by Bloomberg, “Goldman […]
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