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Articles by: Vladimir Manev

Vladimir is a financial news writer and editor at TradingPedia, monitoring and reporting on the tendencies in the Foreign Exchange Market, as well as the commodities spot and futures markets.

Natural gas trades close to 6-1/2 month highs on record November stockpiles decline

December 6, 2013 9:01 am
Natural gas traded close to yesterdays 6-1/2 month highs, after the Energy Information Administration reported a record November withdrawal in US gas inventories in the week ended November 29th. Weather forecasts called for bitter cold temperatures and heavy snows across much of US, which further supported the market. On the New York Mercantile Exchange, having […] Read more

EUR/USD hits fresh 5-week highs on ECB Governor comments

December 5, 2013 3:10 pm
The euro advanced the most in 5 weeks against the US dollar on ECB Governor Mario Draghi comments, made after the policy meeting of the bank. EUR/USD hit a session high at 1.3668 at 15:02 GMT, the highest in more than a month, after which consolidation followed at 1.3660. Support was likely to be received […] Read more

Grain futures edge lower, wheat hits one-week low on global glut forecasts

December 5, 2013 2:09 pm
Grain futures edged lower on Thursday, with wheat hitting one week lows amid increased output estimates from Canada and Australia while wheat production is already at an all-time high. Prices were further pressured after the Agricultural Market Information System, set up by the Group of 20 countries, announced today that global wheat, corn and soybeans […] Read more

GBP/USD edges lower on BoE’s decision

December 5, 2013 1:30 pm
The pound weakened against the US dollar after Bank of Englands decision to maintain the record low benchmark interest rate and to leave its asset-purchasing program unchanged. GBP/USD reached a session low at 1.6327 at 12:47 GMT, after having risen to a 27-month high on December 2nd. Support was likely to be received at November […] Read more

USD/JPY edges lower on boosted safe haven demand

December 5, 2013 9:30 am
The Japanese yen advanced against the US dollar as equities fell, leading to a boosted demand for the safe haven currencies, such as the Japanese yen. USD/JPY hit a session low at 101.85 at 07:20 GMT, losing 0.5% on a daily basis. At 09:04 GMT the pair traded at 102.06. Support was likely to be […] Read more

USD/CAD reaches multi-year highs on better-than-expected US employment data

December 4, 2013 4:11 pm
The loonie, as the Canadian dollar is known declined against its US counterpart, amid better-than-expected US employment data. This reinforced speculations that The Fed will slow its monetary stimulus that tends to weaken the US dollar. USD/CAD touched a session high at 1.0697 at 15:02, the highest since May 27th 2010, The pair gained 0.42% […] Read more

Natural gas futures near 6-month highs, forecasts of chilly weather continue

December 4, 2013 1:51 pm
Natural gas remained near 6-month highs, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at $3.964 per million British thermal units at 13:50 GMT, down 0.31% on the day, having reached a 6-month […] Read more