July 29, 2014 12:14 pm
Natural gas rose back to positive daily territory half way through Tuesday but remained close to Mondays 8-1/2-month low as weather patterns across most of the US high-consuming states remained bearish. However, the current below-seasonal readings are expected to give way to a moderate warming in the second week of August, boosting cooling demand. On […]
Read moreJuly 29, 2014 9:56 am
Grains futures slid during early trade in Europe today, after rallying on poor rainfall projections for the US on Monday, which pressured crops outlooks. The US Department of Agriculture (USDA) posted steady weekly crop figures yesterday. Weather reports project a week of limited rainfall for the Midwest, which should not affect crops too much, as […]
Read moreJuly 29, 2014 8:33 am
Both West Texas Intermediate and Brent crude benchmarks were little changed in early European trading on Tuesday as market players refrained from entering big positions ahead of a slew of crucial economic data from the United States and Europe. Global supply seen further outstripping demand offset geopolitical tension in several regions as market players saw […]
Read moreJuly 29, 2014 7:12 am
Gold futures were steady during early hours in Europe today, as investors expected muted trade ahead of the FOMC meeting conclusion on Wednesday. The precious metal saw some safe-haven demand, as the conflicts in Gaza and Ukraine showed no sign of easing. Gold futures for delivery in August traded at $1 305.3 per troy ounce […]
Read moreJuly 28, 2014 2:36 pm
Gold and silver futures were higher on safe-haven demand during midday trade in Europe today, ahead of key US economic figures this week. Meanwhile, copper futures trimmed gains after a bearish reading on US pending home sales. Gold futures for delivery in August traded at $1 304.8 per troy ounce at 14:19 GMT in New […]
Read moreJuly 28, 2014 1:34 pm
Both West Texas Intermediate and Brent crude benchmarks extended losses on Monday, with WTI hovering near the lowest level in more than a week, as weak demand prospects and a 24-hour humanitarian truce in the Gaza strip offset continuing clashes in eastern Ukraine and Libya. Natural gas erased previous daily losses but moves to the […]
Read moreJuly 28, 2014 11:48 am
Grains futures traded above last weeks multi-year lows, as bargain hunting and rising exports support prices ahead of US Department of Agricultures (USDA) weekly report later today. Corn, beans and wheat were all pressured by a best-in-20 years crops outlook for the US last week. The USDA said this years corn harvest will be the […]
Read moreJuly 28, 2014 10:02 am
Natural gas hovered near the lowest level in more than eight months as weather forecasts continued to call for below-seasonal readings across most of the high-consumption US areas, paving the way for a yet another larger-than-average natural gas inventories injection. On the New York Mercantile Exchange, natural gas for settlement in September slid by 0.16% […]
Read moreJuly 28, 2014 8:45 am
Gold futures were steady during early trade in Europe today, as investors eye crucial US announcements later this week. The Fed is holding its monthly 2-day meeting, and analysts expect another $10 billion trim to assets purchases. Gold futures for delivery in August traded at $1 304.6 per troy ounce at 8:43 GMT in New […]
Read moreJuly 28, 2014 7:21 am
Both West Texas Intermediate and Brent crude benchmarks fell on Monday as a 24-hour humanitarian truce in Gaza shed some of the risk premium, although movements to the downside were limited as clashes in Libya resulted in the death of more than 30 people. Market players awaited the release of key US economic data throughout […]
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