March 28, 2014 9:11 am
The yen advanced to the strongest level in more than three weeks against the euro, after official data showed the Japanese unemployment rate fell to the lowest in more than six years last month, while the availability of jobs improved to the highest since 2007, indicating that the labor market is gaining momentum. Meanwhile, demand […]
Read moreMarch 28, 2014 7:55 am
Gold futures rebounded from a six-week low, trimming a second weekly loss as investors weighed speculation prices below $1 300 an ounce may spur demand against signs of recovery in the US, which may add to the case for Fed tapering. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday. […]
Read moreMarch 27, 2014 2:48 pm
Natural gas futures advanced to a one-week high on Thursday, after a government report showed inventories fell more than-projected in the week ended March 21st, widening the deficit to the five-year average to a record and reaching the weakest level for this time of the year since 2003. On the New York Mercantile Exchange, natural […]
Read moreMarch 27, 2014 2:26 pm
The euro edged slightly lower against the US dollar, after data showed the number of initial jobless claims in the US fell to a 16-week low last week, while the economy expanded more rapidly in the final three months of 2013 than previously estimated as consumer spending jumped by the most in three years. However, […]
Read moreMarch 27, 2014 2:06 pm
The Norwegian krone advanced to the strongest level in a week against the US dollar after the Norges Bank Governor Oeystein Olsen said central banks policy makers will start raising the benchmark interest rate gradually after summer 2015, while announcing a 12th consecutive decision to keep it unchanged at 1.5%. USD/NOK touched a session low […]
Read moreMarch 27, 2014 12:38 pm
Copper futures hovered near a two-week high amid speculation that some hedge funds were buying back the metal after betting on a price drop this quarter. Meanwhile, gold futures touched the weakest price in six weeks, while silver futures dropped to a 1-1/2-month low. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreMarch 27, 2014 10:29 am
West Texas Intermediate crude held near the highest level in two weeks after a government report showed on Wednesday that supplies at the nation’s biggest storage hub fell for an eight straight week after the commissioning of a new pipeline, while gasoline demand surged to the highest in three months. Meanwhile, natural gas futures traded […]
Read moreMarch 27, 2014 9:30 am
The Aussie held close to the strongest level in more than four months against its US counterpart on Thursday, after Reserve Bank of Australia Governor Glenn Stevens said yesterday there were early signs of a transition from a mining-driven demand to domestic consumption and that the economy may strengthen later this year. AUD/USD hit a […]
Read moreMarch 27, 2014 9:16 am
The kiwi, as the New Zealand dollar is best known, advanced to the strongest level since August 2011 against its US counterpart, after data showed the New Zealand trade surplus widened to almost a three-year high last month. NZD/USD hit a session high at 0.8680 at 08:40 GMT, after which consolidation followed at 0.8678, adding […]
Read moreMarch 27, 2014 7:54 am
Gold futures held losses after dropping to the weakest level in six weeks as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell for a second day yesterday, while a stronger […]
Read more