June 6, 2013 1:57 pm
Gold experienced many ups and downs last few days and mostly circled around the $1 400 psychological barrier. The greenback lost positions against the euro as mixed, but overall positive news came out from the single-currency bloc. German factory orders showed worse than anticipated readings on both annual and monthly basis. However, Bank of England […]
Read moreJune 6, 2013 1:15 pm
Natural gas tumbled today ahead of the Energy Information Administrations gas reserves report, published weekly on Thursday at 14:30 GMT. Gas futures rallied on Wednesday on sentiment that temperatures will rise, which boosts the fuels demand. On the New York Mercantile Exchange, natural gas for July delivery slipped 0.76% to trade at $3.971 per million […]
Read moreJune 6, 2013 12:04 pm
Soft futures were little changed in the early U.S. morning on Thursday with sugar going near its lowest level since July 2010 amid sufficient global supply. On the ICE Futures U.S. Exchange, sugar July futures traded at $0,1635 a pound at 11:44 GMT, down 0.12% for the session. The U.S. Department of Agriculture stated in […]
Read moreJune 6, 2013 10:33 am
Copper slipped today after it reached a two-week high of $3.398 on Wednesday amid concerns of reduced global supply. Fatal accidents in the Grasberg mine in Indonesia, which belongs to Freeport-McMoRan Copper & Gold, shut down the mine for three months. Prices found support by a positive reading of Chinas manufacturing PMI, which stood at […]
Read moreJune 6, 2013 9:40 am
Silver plunged on Thursday amid growing uncertainty over the future of Feds stimulus program. Key U.S. labour data on Thursday and Friday will give an insight into the economys health, which will play a big role in determining later during the month whether the stimulus program must be scaled back earlier than intended or not. […]
Read moreJune 6, 2013 9:23 am
Soybeans slipped further as optimism grows that global output might surpass the U.S. Department of Agricultures record estimate last month. On the Chicago Mercantile Exchange, soybeans for July delivery traded at $15.2438 a bushel at 8:11 GMT, down 0.45% for the day. Hiroyuki Kikukawa, general manager for research at Nihon Unicom Inc. said for Bloomberg: […]
Read moreJune 6, 2013 7:16 am
Gold slipped and circled around $1 396 an ounce as investors remained cautions ahead of key employment data, scheduled for Thursday and Friday. Prices rose 0.3% yesterday as the ADP Employment Change mismatched forecasts and showed a less than expected gain in hired workers, even though India announced it will widen its gold import restrictions […]
Read moreJune 6, 2013 6:35 am
Brent oil remained steady around $103 a barrel on Thursdays Asian session. The surprising drop in U.S. Crude Oil Inventories reported on Wednesday boosted WTI above 94$ and Brent surpassed the $104 mark. Gains, however, were curbed by worries that the U.S. central bank may reduce its Quantitave Easing program as key employment data is […]
Read moreJune 5, 2013 2:48 pm
U.S. Crude Oil Inventories dropped surprisingly by 6.267 million barrels in the week ending June 2, according to the Energy Information Administrations report, released at 14:30 GMT. This is a significant decrease, compared to the preceding weeks 3 million barrels gain. Final value mismatched forecasts of an 800 000 barrel decrease, which caused WTI crude […]
Read moreJune 5, 2013 1:20 pm
Corn slipped for a third day on the Chicago Mercantile Exchange amid forecasts for an ample supply even with slower planting and decreased sown to corn areas. Corn for July delivery rebounded and compensated for earlier session losses, but is still pressured. Corn traded 0.47% higher on the day at $6.6350 a bushel at 12:45 […]
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