March 31, 2014 7:57 am
The Aussie traded little changed, but was poised for the biggest quarterly gain since 2011 against its US counterpart, before the Reserve Bank of Australia policy meeting tomorrow, when officials are forecast to refrain from lowering interest rates for a third-straight time this year. AUD/USD hit a session high at 0.9259 at 00:45 GMT, after […]
Read moreMarch 31, 2014 6:46 am
Gold futures headed for the first monthly drop this year as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreMarch 30, 2014 2:15 pm
The euro declined for a second straight week against the US dollar for the first time in almost five months on speculation European Central Bank and Federal Reserve monetary policies are diverging. EUR/USD touched a session low at 1.3705 at 10:00 GMT, the weakest since February 28, after which the pair settled at 1.3752 on […]
Read moreMarch 29, 2014 7:38 am
Gold futures fell to the weakest level in six weeks on Friday, capping a second weekly loss, as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday. On the Comex division […]
Read moreMarch 28, 2014 2:51 pm
The euro rebounded from the weakest level in a month against the US dollar after preliminary data showed German consumer price inflation slowed less in March than some analysts expected and after consumer confidence in the US rose less than expected this month. EUR/USD touched a session low at 1.3705 at 09:00 GMT, after which […]
Read moreMarch 28, 2014 1:47 pm
West Texas Intermediate crude rose to the highest level in almost three weeks and was set for a second weekly gain as supplies at the biggest US storage hub fell to a two-year low and a possible escalation in tension surrounding Ukraine threatened to curb energy exports from Russia. A brighter economic outlook in the […]
Read moreMarch 28, 2014 1:22 pm
The Aussie eased off from a four-month high against the US dollar on Friday, after data showed consumer spending in the US rose in February by the most in three months as incomes increased, adding to evidence the economy is gaining momentum after the unusually harsh winter. AUD/USD hit a session high at 0.9295 at […]
Read moreMarch 28, 2014 12:26 pm
Copper futures rose for a second day, extending the biggest weekly advance in more than seven months amid speculation that the largest consumer of the metal, China, will take further steps to spur economic growth. Meanwhile, gold futures declined to a six-week low, while silver also declined. On the Comex division of the New York […]
Read moreMarch 28, 2014 10:32 am
The British pound rose for a second day against the Japanese yen on Friday, after official data showed the UK economy grew for a fourth consecutive quarter in the final three months of 2013, in line with analysts estimates. GBP/JPY hit a session high at 170.06 at 10:02 GMT, after which consolidation followed at 170.02, […]
Read moreMarch 28, 2014 9:37 am
Natural gas futures declined on Friday, after advancing by the most in more than a month as some investors deemed yesterdays gains excessive amid the nearing spring season and the expected warm-up across many US regions. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.528 per million British thermal […]
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