June 6, 2014 1:01 pm
Gold and silver futures traded higher after the US revealed new payrolls were not better than expected. Previously, precious metals gained yesterday, as the ECB unveiled plans to stimulate the economy. Meanwhile, copper futures were lower amid an ongoing lending fraud investigation in top-consumer China. Gold futures for delivery in August traded for $1 257.5 […]
Read moreJune 6, 2014 8:53 am
Natural gas futures traded higher during early hours in Europe today. Yesterday the US Energy Information Administration (EIA) reported a huge increase in natural gas storage levels. However, blue fuel contracts actually closed higher, as inventories are still well-below average, ahead of rising power demand in summer. Front month natural gas futures, due in July, […]
Read moreJune 6, 2014 8:04 am
Gold futures were slightly higher during early trade in Europe today. Yesterday the precious metal gained, as the dollar was weakened by the rebound in the euro, following ECBs rate decision. Stocks were also very positively impacted by the ECB decision, with all four major indices closing Thursdays session with record highs. Investors now eye […]
Read moreJune 6, 2014 7:03 am
Both WTI and Brent futures were little changed during early trade in Europe today. Yesterday the European benchmark gained, as the European Central Bank (ECB) unveiled measures to boost the economy, while the US brand dropped. Investors now eye a payrolls report from the US, arguably the most important leading indicator for the health of […]
Read moreJune 5, 2014 2:41 pm
Crude oil futures traded lower after the ECB rate decision was announced today, as the euro weakened and the dollar gained. However, action in the Eurozone indicates possible future growth for consumption in the Bloc, improving outlooks for oil. Meanwhile, natural gas futures plummeted deep into negative territory on news of massive supply gains for […]
Read moreJune 5, 2014 12:18 pm
Gold and silver futures were little changed during midday trade in Europe, after the European Central Bank (ECB) announced cuts for interest and deposit rates, weakening the euro. Investors now eye the upcoming ECB press conference for further cues and indications, before a key payrolls report from the US tomorrow. Meanwhile, copper futures traded lower […]
Read moreJune 5, 2014 9:27 am
Natural gas futures traded higher during early hours in Europe today, ahead of the US Energy Information Administration (EIA) weekly report on gas inventories. The US consumes more than 20% of all natural gas, and stockpiles in the country are a dominant factor for futures prices. Analysts expect another huge gain for supplies, which could […]
Read moreJune 5, 2014 8:23 am
Gold and silver futures were steady during early hours in Europe today, after narrow trade over the last two sessions. Investors await the crucial European Central Bank (ECB) interest rate decision, which will be revealed later today, and a key US payrolls report, due tomorrow. Lowering interest in Ukraine, and growing US stocks pressured havens […]
Read moreJune 5, 2014 7:13 am
WTI and Brent futures traded lower during morning hours in Europe today. Yesterday the US reported a sizable decline in crude oil inventories, which, however, was not enough to push contracts into the positive, as the market is still quite oversupplied. Plenty of economic data was released this week, though key reports are still awaited. […]
Read moreJune 4, 2014 2:59 pm
WTI and Brent futures traded higher during midday trade in Europe today, as the US Energy Information Administration posted the weekly report on oil inventories. Key economic data from the US and Eurozone is expected later this week, with an interest rate decision by the ECB tomorrow and employment data from the US on Friday. […]
Read more