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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 edges lower on mixed Euro zone economic data

December 2, 2013 3:11 pm
EUR/USD edges lower after a string of mixed economic data was released out of the Euro zone on Monday. The countries in the Euro zone provided mixed signals to the market players. EUR/USD reached a session low at 11:30 GMT to trade at 1.3526, after which consolidation followed at 1.3540. The pair was trading at […] Read more

Natural gas futures hover near 6-month highs on freezing cold weather outlook

December 2, 2013 1:26 pm
Natural gas traded overall steadily on Monday, having hit fresh 6-months highs on Friday as cold weather is expected across most of the densely-populated US areas, boosting demand for the power-station fuel for heating purposes. Last weeks EIA inventories report further supported the market as US gas inventories fell in line with expectations in the […] Read more

GBP/USD reaches fresh over 2-year highs following the UK PMI data

December 2, 2013 11:53 am
GBP/USD reached fresh 27 month highs, after the release of the UK PMI. At 09:28 on Monday, the Chartered Institute of Purchasing and Supply announced the results of its survey on manufacturing activity. The results indicated that activity in the sector expanded at the fastest pace in 33 months in November. Having reached a session […] Read more

Gold extends November losses amid Fed tapering speculations

December 2, 2013 10:24 am
Gold declined on Monday, extending the worst monthly performance since June on reinforced speculations the Federal Reserve will 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, adding to bearish sentiment. A stronger dollar […] Read more

USD/JPY hits fresh 6-month highs on BoJ Governor’s statement

December 2, 2013 8:38 am
On Monday the Japanese yen reached fresh 6-month lows against the US dollar on Bank of Japan (BoJ) Governors statement of a continuing central bank quantitative easing in an attempt to achieve a stable 2% rate of inflation. USD/JPY reached a session high at 102.67 at 8:32 GMT, gaining 0.20% for the day. On Friday, […] Read more

Gold weekly recap, November 25 – November 29

December 1, 2013 7:57 am
Gold gained on Friday, but fell for a third consecutive month in November after overall upbeat data from the U.S. reinforced speculations for an earlier-than-expected reduction in Fed’s monetary stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. However, strong Chinese physical […] Read more

Outlook for EUR/USD during the next week

November 30, 2013 4:00 pm
EUR climbed to one month highs against the US dollar on Friday, after a report showed that inflation in the Euro zone is advancing at a faster-than-expected pace and the unemployment in the zone is declining. Having reached highs unseen since October 31-st at 1.3622 at 6:16 GMT. EUR/USD pair ended the week just below […] Read more

Global wheat output expected to surge on increased Chinese production

November 29, 2013 3:01 pm
The worlds largest wheat producer China is expected to grow 2 million tons of wheat more than previously estimated in October, the International Grain Council reported on Friday. According to the London-based IGC, the harvest will surge to 698.4 million metric tons, compared to 654.9 million tons in the 2012-13 season. Wheat plunged 25% on […] Read more

EUR/JPY hit fresh multi-year highs on accelerating EU inflation

November 29, 2013 2:08 pm
EUR/JPY was trading in proximity to 4-year highs on Friday, after a report showed that inflation in the euro zone is advancing at a faster-than-expected pace. EUR/JPY reached highs unseen since October 14th 2008 at 139.71 at 01:45 GMT on Friday. The pair was trading at 139.20 at 13:29 GMT. Support was likely to be […] Read more