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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.

EUR/USD trades steadily on mixed Euro zone economic data

December 4, 2013 1:07 pm
EUR/USD traded little changed on Wednesday after a string of mixed Euro zone economic reports was released earlier in the day. Market players awaited the ECB decision on its benchmark interest rate, due tomorrow, as well as important series of economic data out of the United States. The pair traded at 1.3597 at 13:03 GMT, […] Read more

GBP/USD off 27-month highs after disappointing UK Services PMI

December 4, 2013 10:49 am
The sterling edged lower against the US dollar, after the Chartered Institute of Purchasing and Supply (CIPS) announced the results of its survey on services sector activity. The results indicated that activity in the service sector expanded at a slower-than-expected pace in November. GBP/USD hit a session low at 1.6329 at 09:28 GMT, after which […] Read more

Gold futures plunge to 5-month lows amid strengthened US economy outlook

December 4, 2013 8:58 am
Gold extended losses on Wednesday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. A stronger dollar further pressured gold. On […] Read more

Natural gas futures rise to the highest since June on cold weather forecasts

December 3, 2013 4:02 pm
Natural gas reached the highest level since June 5th on chilly weather outlook 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 $3.994 per million British thermal units at 15:54 GMT, up 0.14% […] Read more

EUR/USD edges higher after unexpected decline in Spanish jobless claims

December 3, 2013 2:58 pm
The euro advanced on Tuesday against the US dollar, after the Spanish Ministry of Employment announced an unexpected decline in jobless claims. EUR/USD reached a session high at 1.3593 at 13:44 GMT, gaining 0.38% for the day. The pair was trading at 1.3574 at 14:40 GMT. Support was likely to be met at November 26th […] Read more

Grain futures mixed with wheat advancing, while soybeans and wheat edge lower

December 3, 2013 1:23 pm
Grain futures were mixed on Tuesday, with wheat advancing, while soybeans and wheat edged lower. The rainy weather outlook in South America further pressured prices. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.1463 per bushel at 13:19 GMT, losing 0.5% on a daily basis. Prices swung between days […] Read more

Gold hovers near 5-month lows on stronger US economy outlook

December 3, 2013 9:52 am
Gold extended losses on Tuesday, having hit the lowest level since July 8th on Monday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009 for a fourth […] Read more

USD/JPY hits 6-month highs on reinforced Fed tapering speculation

December 3, 2013 8:35 am
On Tuesday, the Japanese yen, having hit 6-month lows against the US dollar yesterday on BoJ Governors statement, reached a new 6-month bottom. The yen depreciated the most against the US dollar since May 23rd on reinforced speculation of earlier-than-expected Fed tapering. USD/JPY hit a session high at 103.38 at 4:35 GMT, which is the […] Read more