March 12, 2014 8:50 am
The yen extended yesterdays gains against the US dollar after a gauge of Chinese economic surprises declined to the weakest level in nine months, fueling concern over a slump in the Chinese economy that boosted demand for the Japanese currency as a safe-haven. USD/JPY touched a session low at 102.81 at 07:00 GMT, after which […]
Read moreMarch 12, 2014 7:53 am
Gold futures soared to the strongest level in almost six months after speculation Chinas economic growth is losing momentum hurt equities, fueling demand for haven assets at a time when tension between Russia and Ukraine escalates. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday, holding at the highest level since […]
Read moreMarch 11, 2014 3:40 pm
Grain futures advanced on Tuesday, soybeans rose after the US Department of Agriculture lowered its global output forecast yesterday. On the Chicago Board of Trade, soybeans futures for settlement in May, rose 0.45% to trade at $14.2538 per bushel by 15:37 GMT. Futures touched a session high at $14.2862 per bushel, while day’s low was […]
Read moreMarch 11, 2014 1:45 pm
The euro extended a decline from the strongest level since October 2011 against the US dollar, after European Central Bank Vice President Vitor Constancio said market players hadnt fully understood the forward guidance of the central bank. EUR/USD touched a session low at 1.3834 at 11:15 GMT, after which consolidation followed at 1.3853, losing 0.18% […]
Read moreMarch 11, 2014 12:48 pm
Natural gas futures declined on Tuesday, as weather forecasting models called for above-normal temperatures across many densely populated US areas, curtailing demand for the power-station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April fell by 0.42% to trade at $4.632 per million British thermal units by 12:47 GMT. Natural […]
Read moreMarch 11, 2014 10:54 am
The pound edged slightly lower against the US dollar on Tuesday, after a report showed UK manufacturing output increased at a faster-than-expected pace in January, but the broader measure of industrial production was hampered by the recent bad weather conditions. Meanwhile, Bank of England Governor Mark Carney said that the main interest rate will gradually […]
Read moreMarch 11, 2014 9:09 am
The yen traded little changed against the US dollar on Tuesday, after the Bank of Japan kept record easing, before an April sales-tax increase that may trigger the worst one-quarter contraction since the March 2011 earthquake. USD/JPY hit a session low at 103.19 at 08:00 GMT, after which the pair erased earlier losses to trade […]
Read moreMarch 11, 2014 7:51 am
Gold futures rose on Tuesday as market players weighed the prospect of Fed stimulus cuts against possible military conflict between Russia and Ukraine. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday to the highest level since December 20. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreMarch 10, 2014 3:31 pm
Grain futures were mixed on Monday, corn extended a decline from the strongest level since August, after concern eased that tension between Ukraine and the Russian Federation may result in disruption of shipments from Ukraine, set to be the third-largest exporter. Meanwhile, soybeans also declined, while wheat extended gains. On the Chicago Board of Trade, […]
Read moreMarch 10, 2014 2:17 pm
The loonie, as the Canadian dollar is best known, fell to more than one-week low against its US counterpart, despite data showed today that Canadian housing starts rose at a faster-than-expected pace in February. However, loonies demand continued to be pressured after Canadian employment unexpectedly declined for the second time in three months in February, […]
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