March 5, 2014 12:49 pm
The euro edged slightly lower against the US dollar, despite euro area services activity accelerated at a faster-than-expected-pace in February, amid speculation ECBs officials may have to ease monetary policy at their meeting tomorrow, in order to counter weak price pressure. Having reached a session high at 1.3745 at 09:00 GMT, the pair erased daily […]
Read moreMarch 5, 2014 10:31 am
The pound traded little changed against the US dollar before Bank of England officials start a two-day meeting today and after data revealed the UK services sector expanded at a faster-than-expected pace last month. GBP/USD touched a session high at 1.6694 at 09:09 GMT, after which the pair trimmed daily gains to trade little changed […]
Read moreMarch 5, 2014 8:51 am
Natural gas futures extended yesterdays gains as freezing cold weather continued to sweep across most of the densely-populated US areas, stoking demand for the power-station fuel, as Americans crank up the heating. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose by 0.16% to trade at $4.675 per million British […]
Read moreMarch 5, 2014 7:49 am
Gold traded below more than four-month high as tension between Ukraine and the Russian Federation declined, easing demand for bullion as a store of value. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday for a fifth day, the longest streak holdings have held steady in almost […]
Read moreMarch 4, 2014 4:04 pm
Grain futures were mixed on Tuesday, wheat fell after soaring the most since June 2012, following the announcement Russian President Vladimir Putin had ordered troops to return to their bases after military exercises concluded amid rising tensions in the pro-Russian Ukraine’s Crimea region. Meanwhile, corn and soybeans advanced. On the Chicago Board of Trade, wheat […]
Read moreMarch 4, 2014 2:31 pm
The euro advanced against the US dollar on Tuesday, amid increasing bets ECB will refrain from easing monetary policy at its policy meeting on Thursday, after data last week showed the inflation rate in the euro zone accelerated at a faster-than-expected pace in February. EUR/USD hit a session high at 1.3782 at 13:43 GMT, after […]
Read moreMarch 4, 2014 12:42 pm
Natural gas regained ground on Tuesday as freezing cold weather over most of the densely-populated US areas continued to support high natural gas and heating demand and to deplete gas stockpiles. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose by 0.78% to trade at $4.527 per million British thermal […]
Read moreMarch 4, 2014 10:19 am
The pound trimmed earlier gains to trade little changed against the US dollar, after a gauge of UK construction activity slowed its pace in February, retreating from 6-1/2-year high in the previous month. GBP/USD hit a session high at 1.6717 at 08:10 GMT, after which the pair trimmed daily gains to trade little changed at […]
Read moreMarch 4, 2014 8:58 am
The yen retreated from one-month high against the US dollar, after it became clear that Russian President Vladimir Putin had ordered troops to return to their bases as military exercises concluded amid rising tensions in the pro-Russian Ukraine’s Crimea region. USD/JPY touched a session high at 101.95 at 06:05 GMT, after which the pair consolidated […]
Read moreMarch 4, 2014 8:13 am
Gold retreated from more than four-month high after it became clear that Russian President Vladimir Putin had ordered troops to return to their bases after military exercises concluded amid rising tensions in the pro-Russian Ukraines Crimea region. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in April fell 0.89% […]
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