April 3, 2014 12:13 pm
The euro edged slightly higher against the US dollar on Thursday, after the European Central Bank (ECB) decided to keep interest rates unchanged, even after inflation in the euro area slowed to the weakest pace since October 2009. Investors focus was shifted to the upcoming press conference of the ECB President Mario Draghi, who will […]
Read moreApril 3, 2014 9:09 am
Copper futures retreated from a three-week high as mines in the worlds biggest producer, Chile, were returning to normal activities after an earthquake and tsunami forced the nations authorities to order a massive evacuation. Meanwhile, gold prices hovered close to a seven-week low as investors weighed signs of increasing physical demand against prospects for reduced […]
Read moreApril 3, 2014 8:18 am
The yen slipped to the weakest level in more than two-months against the US dollar, ahead of US data experts forecast will show services industries and employment strengthened, backing the case for the Federal Reserve to keep on reducing stimulus. USD/JPY hit a session high at 104.07 at 03:35 GMT, after which consolidation followed at […]
Read moreApril 3, 2014 7:45 am
The Aussie dollar distanced from the strongest level in more than four months against its US counterpart, after Australias retail sales trailed analysts estimates and following RBA Governor Glenn Stevens comments that it was too early to reckon the re-balancing of the economy from mining investment to domestic-led growth will occur smoothly. AUD/USD touched a […]
Read moreApril 3, 2014 6:49 am
Gold extended an advance from the lowest level in seven weeks amid bets that physical demand will increase, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained steady yesterday. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in June traded at $1 293.20 an ounce by […]
Read moreApril 2, 2014 2:51 pm
The yen declined for a fifth straight day, touching the weakest level in more than two months against the US dollar, after a report by ADP showed US companies boosted non-farm payrolls in March by the most in three months, indicating the labor market is gaining traction and as factory orders rose more than expected […]
Read moreApril 2, 2014 1:43 pm
West Texas Intermediate crude fell for a third day ahead of government data that is expected to show an eleventh consecutive weekly build-up in US crude oil inventories. The oil complex, and particularly Brent crude, was heavily pressured amid the possible reopening of eastern Libyan export terminals. Market players eyed upcoming US supply data, as […]
Read moreApril 2, 2014 1:17 pm
The euro pared daily gains against the US dollar on Wednesday, after a report by ADP showed US companies boosted non-farm payrolls in March by the most in three months, indicating the labor market is gaining traction after the harsh winter. EUR/USD hit a session high at 1.3820 at 06:30 GMT, after which the pair […]
Read moreApril 2, 2014 11:54 am
Copper futures jumped to a three-week high on Wednesday, on concern over a possible disruption in global supplies after an earthquake of 8.2 magnitude in Chile, the biggest producer of the red metal. Meanwhile, gold futures rebounded from a seven-week low, while silver also advanced. On the Comex division of the New York Mercantile Exchange, […]
Read moreApril 2, 2014 9:43 am
Natural gas futures declined for a fourth day on Wednesday, touching the weakest level since January 20, as forecasts for warmer weather in the US reduced demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.247 per million British thermal units at 09:40 GMT, down […]
Read more