July 8, 2013 2:56 pm
Oil dropped during the late European and early U.S. session after an Egyptian official said the state-controlled Suez Canal is secure and ship traffic is normal. Meanwhile, positive U.S. economic data that was initially bullish for oil reinforced Feds view into tapering its bond purchasing program this year, which according to some analysts will be […]
Read moreJuly 8, 2013 1:21 pm
Soft futures advanced during European trading on Monday with robusta and cocoa gaining slightly, while sugar, cotton and arabica marked a moderate rise. On the NYSE LIFFE, cocoa for July delivery traded at 1 505 pounds per ton at 12:48 GMT, up 0.13% on the day. Prices ranged between days high and low of 1 […]
Read moreJuly 8, 2013 12:22 pm
Copper was supported on Monday by a weaker dollar and traded higher during European trading, erasing earlier daily losses. However, gains were limited amid concern of Fed scaling back its monetary easing program following Fridays positive labor data. Investors also eyed this weeks key economic data out of the metals top consumer, China. On the […]
Read moreJuly 8, 2013 10:20 am
Silver rebounded and tracked golds upward direction on Monday after plunging more than 4% on Friday as positive U.S. labor data spurred concern the Federal Reserve will wind down its bond purchasing program. On the Comex division of the New York Mercantile Exchange, silver futures for September delivery traded at $19.008 per troy ounce at […]
Read moreJuly 8, 2013 9:22 am
Grain futures were mixed on Monday with wheat marking minor daily gains on speculation that this years 15% fall in prices may lure in importers to buy after unfavorable weather delayed harvest in the U.S. Soybeans declined and corn rebounded after hitting a 32-month low during Asian trading. On the Chicago Board of Trade, wheat […]
Read moreJuly 8, 2013 8:18 am
Gold rebounded on Monday after tumbling more than 2% on Friday as the U.S. Labor Department released data showing the worlds largest economy created more jobs in June than expected, which shot the dollar up. Gains were however limited as the positive economic news reinforced Feds view to scale back its monetary stimulus during the […]
Read moreJuly 8, 2013 7:08 am
Oil fell slightly during European trading on Monday after marking the biggest weekly gain since February 2011 as political turmoil in Egypt threatened to disrupt oil flow through the state controlled Suez Canal. Unexpectedly upbeat labor data in the U.S. on Friday boosted demand prospect in the worlds biggest consumer. On the New York Mercantile […]
Read moreJuly 5, 2013 2:47 pm
WTI prices hit a 14-month high on Friday as positive readings of unemployment data boosted demand prospects in the worlds biggest consumer. Meanwhile, the Egyptian army declared a state of emergency in the Suez and South Sinai provinces, pushing oil to its highest weekly gain since June. On the New York Mercantile Exchange, WTI crude […]
Read moreJuly 5, 2013 1:27 pm
Gold plunged on Friday following positive readings of U.S. unemployment data that spurred concern over an earlier-than-expected deceleration of Feds bond purchasing program. The dollar extended positions against its major counterparts with the dollar index hitting a 3-year high. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded […]
Read moreJuly 5, 2013 12:39 pm
Cocoa kept on advancing on Friday, marking a fourth straight day of gains. The beans that are used for chocolate production surged more than 5% so far this week as unfavorable weather conditions in the main growing regions is fueling speculations the next harvest, second for the year, will be delayed. On the NYSE LIFFE, […]
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