March 13, 2014 2:58 pm
Natural gas futures declined to the weakest level in more than seven weeks, after a government report showed today that US gas stockpiles fell less than projected last week and as weather forecasting models called for a warm-up across many densely populated US areas, curbing demand for the power-station fuel. On the New York Mercantile […]
Read moreMarch 13, 2014 2:12 pm
The loonie, as the Canadian dollar is best known, preserved daily gains against its US counterpart, despite retail sales in the US rose in February for the first time in three months, while initial jobless claims unexpectedly declined last week. However, loonies demand was supported after Statistics Canada reported today that prices of new houses […]
Read moreMarch 13, 2014 12:43 pm
Grain futures advanced on Thursday, wheat jumped to the strongest level in 4-1/2 months on speculation that escalating tension in Ukraine may disrupt the countrys exports and buyers may shift purchases to other countries, including the US. On the Chicago Board of Trade, wheat futures for settlement in May rose by 0.51% to trade at […]
Read moreMarch 13, 2014 9:33 am
The yen rose the highest level in a week against the US dollar after downbeat Chinese industrial-production growth data and worsening tension between Ukraine and Russia, spurred demand for haven assets, including the Japanese currency. USD/JPY hit a session low at 102:42 at 08:29 GMT, after which the pair consolidated at 102.51, losing 0.25% for […]
Read moreMarch 13, 2014 8:30 am
The euro advanced to the strongest level in 2-1/2 years against the US dollar as European Central Bank policy makers signaled support for the 18-nation common currency areas recovery. EUR/USD touched a session high at 1.3956 at 08:00 GMT, after which consolidation followed at 1.3946, adding 0.3% for the day. Support was likely to be […]
Read moreMarch 13, 2014 7:48 am
Gold futures advanced to the strongest level in more than six months as worsening tension between Ukraine and Russia spurred demand for haven assets, with prices heading for the best string of weekly gains since September 2012. A weaker US dollar also supported the yellow metal, while assets in the SPDR Gold Trust, the biggest […]
Read moreMarch 12, 2014 3:43 pm
Grain futures were mixed on Wednesday, soybeans fell a third day amid speculation the recent price rally may curb demand and China, the world largest importer of the grain may cancel more cargoes. Meanwhile, corn advanced, while wheat touched the strongest level in more than four months. On the Chicago Board of Trade, soybeans futures […]
Read moreMarch 12, 2014 2:24 pm
The pound fell to the weakest level in a month versus the US dollar after Bank of England Governor Mark Carney commented yesterday that according to him, there was enough spare capacity in the UK economy, suggesting rates may be put on hold for a prolonged period of time. GBP/USD hit a session low at […]
Read moreMarch 12, 2014 1:27 pm
Natural gas futures declined to the weakest level in two weeks on Wednesday, as weather forecasting models called for a warm-up across many densely populated US areas, curbing demand for the power-station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April plunged by 2.88% to trade at $4.473 per million […]
Read moreMarch 12, 2014 11:02 am
The euro traded little changed against the US dollar on Wednesday, following a report that showed industrial production in the euro zone unexpectedly fell in January, led by a slump in energy output, underlining the fragile recovery of the 18-nation common currency area from a record-long recession. EUR/USD hit a session high at 1.3875 at […]
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