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Home  »  Currency News • Fundamental Analysis

Fundamental Analysis

EUR/USD hits one-week highs after ECB decision to keep interest rates

February 6, 2014 2:56 pm
The euro advanced to one-week highs against the US dollar on Thursday, following Mario Draghis comments that the euro zone will not experience deflation, after the European Central Bank (ECB) decided to maintain its benchmark interest rate at the current record low level. EUR/USD hit a one-week high at 1.3619 at 14:15 GMT, after which […] Read more

GBP/USD trades lower after Bank of England leaves borrowing costs on hold

February 6, 2014 1:22 pm
The pound preserved daily losses against the US dollar on Thursday, following Bank of Englands decision to keep its benchmark interest rate and asset purchase facility program unchanged in February. GBP/USD was losing 0.16% on a daily basis to trade at 1.6284 at 13:18 GMT. It touched a daily low at 1.6273 at 11:50 GMT. […] Read more

Natural gas surges as US inventories levels seen falling on frigid weather

February 6, 2014 10:50 am
Natural gas advanced on Thursday, ahead of a government report that may show US gas stockpiles declined last week by almost twice the 5-year average drop, while weather conditions in the US continue to be freezing cold, supporting high natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange (NYMEX), […] Read more

WTI futures rise for a third day as cold weather drains US distillate supplies

February 6, 2014 8:17 am
West Texas Intermediate crude rose for a third day after a government report showed on Wednesday that US distillate fuel inventories fell for a fourth straight week, while crude oil supplies rose less than expected. Stockpiles at Cushing, Oklahoma, also slid after a new pipeline began carrying oil to the Gulf Coast from the hub, […] Read more

WTI futures little changed as US fuel supplies fall, Fed tapering weighs

January 30, 2014 8:29 am
West Texas Intermediate crude marked a minor daily gain on Thursday after a government report showed US distillate fuel inventories fell more than expected in the seven days through January 24th, offsetting a larger-than-projected build in crude stockpiles. Feds decision on Wednesday to trim its monthly bond purchases by another $10 billion dampened demand for […] Read more

AUD/USD preserves daily gains in thin holiday trade

December 31, 2013 2:02 pm
Australian dollar preserved its daily gain against the US counterpart on Tuesday, trimming the largest annual drop since 2008, and following the release of some decent data regarding private sector credit in Australia. AUD/USD reached a session high at 0.8949 at 5:00 GMT, after which consolidation followed at 0.8932, gaining 0.30% for the day. Support […] Read more

AUD/USD with daily losses on signs of improving US economy

December 24, 2013 9:45 am
Australian dollar lost ground against its US counterpart in subdued trade on Tuesday, as yesterdays data points from the United States supported the view that economy was improving. AUD/USD hit a session low at 0.8906 at 3:25 GMT, after which consolidation followed at 0.8916, down 0.20% for the day. Support was likely to be received […] Read more

WTI futures hover near 6-week high on China imports, upbeat US data

December 9, 2013 8:23 am
West Texas Intermediate Crude traded near Fridays six week-high and Brent held firmly above the $111 mark after data from Chinas customs administration showed the Asian nations crude imports rebounded in November, while overall exports jumped by the most since April and widened Chinas trade surplus to the highest since January 2009. A separate report […] Read more