March 24, 2014 2:01 pm
Both West Texas Intermediate and Brent crude benchmarks regained ground on Monday, erasing earlier daily losses amid rising tension between the West and Russia ahead of diplomatic talks that are to determine the West’s reaction to Russia annexing Crimea. Meanwhile, natural gas futures declined for a third day. On the New York Mercantile Exchange, WTI […]
Read moreMarch 24, 2014 1:02 pm
Copper futures rose on Monday, but gains were held in check after a private gauge of Chinese manufacturing output came in below expectations, curbing demand prospects in the worlds largest consumer of the metal. Meanwhile, gold futures plunged to one-month low, amid expectations US interest rates will rise next year, while silver hovered bear its […]
Read moreMarch 24, 2014 11:09 am
The euro dropped to daily lows against the US dollar on Monday, following the release of downbeat euro zone PMI data and after an ECB official reiterated that borrowing costs will remain at present record-low levels or even lower for a prolonged period of time. EUR/USD touched a session low at 1.3763 at 10:19 GMT, […]
Read moreMarch 24, 2014 10:06 am
Natural gas futures snapped two days of declines on Monday, as weather forecasting models called for below-normal temperatures across many densely populated US areas, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in April traded at $4.316 per million British thermal units at 10:04 GMT, up 0.43% […]
Read moreMarch 24, 2014 9:40 am
The euro traded little changed against the British pound on Monday, following the release of mixed euro zone PMI data and amid speculation Bank of England wont raise borrowing costs for a protracted period of time. EUR/GBP touched a session low at 0.8356 at 09:17 GMT, after which consolidation followed at 0.8361, losing 0.06% for […]
Read moreMarch 24, 2014 8:43 am
The euro snapped two day of losses against the Japanese yen, after preliminary data showed manufacturing activity in the second-largest euro zone economy, France, expanded at the fastest pace in almost three years in March, boosting demand for the 18-nation common currency. EUR/JPY hit a session high at 141.88 at 08:10 GMT, after which the […]
Read moreMarch 24, 2014 7:50 am
Gold futures extended the largest weekly decline since November amid expectations US interest rates will rise next year, reducing demand for the precious metal as a store of value. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose to a three-month high on Friday. On the Comex division of the New York […]
Read moreMarch 23, 2014 9:02 am
The euro snapped six weeks of advances against the US dollar, the longest winning stretch in more than six years, as the Federal Reserve signaled it is moving toward raising borrowing costs, while further trimming monetary stimulus. EUR/USD touched a session high at 1.3811 at 13:45 GMT, after which the pair settled at 1.3794 on […]
Read moreMarch 22, 2014 12:56 pm
Gold futures rose on Friday, trimming a weekly drop, as the European Union followed the United States in imposing further sanctions on the Russian Federation, which urged market players to look for safe haven assets, such as the precious metal. Also fanning positive sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose […]
Read moreMarch 21, 2014 2:40 pm
West Texas Intermediate crude was poised to snap two weeks of declines, following better-than-expected economic figures from the world’s top consumer. However, an extension to the list of individuals sanctioned by the US due to their ties to President Vladimir Putin added to oil’s previously eroded geopolitical premium, putting a floor under prices. Meanwhile, natural […]
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