March 10, 2014 12:38 pm
The euro retreated from highs unseen since October 2011 against the US dollar, after European Central Bank Governing Council member Christian Noyer said that strengthening of the 18-nation common currency created downward pressure on euro zones economy. EUR/USD hit a session low at 1.3867 at 11:27 GMT, after which the pair trimmed daily losses to […]
Read moreMarch 10, 2014 11:08 am
Natural gas futures advanced to one-week high on Monday, as weather forecasting models called for below-normal temperatures across many densely populated US areas, stoking demand for the power-station fuel, at a time when US gas stockpiles are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in […]
Read moreMarch 10, 2014 9:35 am
The yen trimmed daily gains against the US dollar after data showed Japans economy expanded at a slower-than-expected pace in the fourth quarter and the current account deficit widened to a record in January, fueling concerns over the nations economic outlook, before a sales-tax increase in April. USD/JPY touched a session low at 102.94 at […]
Read moreMarch 10, 2014 7:57 am
Gold futures fell for a second day on Monday as strong US jobs data backed the case for the Federal Reserve to continue tapering in measured steps, before exiting the program at the end of the year. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose for the first time in eight […]
Read moreMarch 9, 2014 8:49 am
The euro advanced to the strongest level in more than two years against the US dollar on Friday, after European Central Bank President Mario Draghi signaled that deflation risks in the euro zone are easing, reducing bets ECB will add to monetary stimulus. EUR/USD touched a 29-month high at 1.3915 at 11:30 GMT, after which […]
Read moreMarch 8, 2014 8:52 am
Gold futures fell on Friday, after data showed US employers added more workers than expected in February, reducing bets the Federal Reserve may slow the pace of trimming monthly bond purchases. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose for the first time in eight days on Friday. On the Comex division […]
Read moreMarch 7, 2014 2:43 pm
Natural gas futures traded slightly higher on Friday after a government report showed yesterday that US gas stockpiles fell more than projected, reaching a 10-year seasonal low last week. The energy source was also supported by weather forecasting models that called for below-normal temperatures across many densely populated US areas, stoking demand for the power-station […]
Read moreMarch 7, 2014 2:37 pm
The loonie, as the Canadian dollar is best known, retreated from the strongest level in more than two weeks against the US dollar, after data showed US employers added higher-than-expected number of workers last month, easing concerns over the US economic outlook. At the same time, data showed that Canadian employers eliminated jobs last month, […]
Read moreMarch 7, 2014 12:54 pm
Grain futures advanced on Friday, corn surged to the strongest level in more than six months as demand for exports from the US, the biggest shipper, increased amid the crisis in Ukraine. On the Chicago Board of Trade, corn futures for May delivery surged by 1.68% to trade at $4.9988 a bushel by 12:48 GMT. […]
Read moreMarch 7, 2014 10:47 am
The pound trimmed daily gains to trade little changed against the US dollar, after an official report showed UK consumer inflation expectations declined in the three months through December, while at the same time investors awaited the release of US payrolls data later in the day, which may show employers added more workers to payrolls […]
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