The New Zealand dollar continued to lose ground against its U.S. rival during Friday’s Asian session despite a decent April trade balance report out of New Zealand. In Asian trading Friday, NZD/USD fell 0.60% to 0.8087. The pair was likely to find support at 0.7939, the low of September 6, 2012 and resistance at 0.8078, the session [...]
Read more →Oil futures traded lower during Thursday’s Asian session as traders focused more on inventories data and comments from Federal Reserve Chairman Ben Bernanke than some decent housing data out of the U.S. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0.33% to USD93.97 per barrel. In U.S. economic news, [...]
Read more →Oil futures fell during Wednesday’s Asian session following the release of weekly inventory data from the American Petroleum Institute. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0.53% to USD95.68 per barrel in Asian trading Wednesday after settling down 0.57% at USD96.38 a barrel on Tuesday in the U.S. [...]
Read more →Oil futures were essentially steady in the early part of Tuesday’s Asian session as the U.S. dollar firmed after showing signs of weakness during Monday’s U.S. session. On the New York Mercantile Exchange, light, sweet crude futures for July delivery inched down 0.06% to USD96.87 per barrel in Asian trading Tuesday after settling up 0.69% [...]
Read more →Oil futures traded modestly lower in the early part of Monday’s Asian, showing a bit of strength, even as some precious and industrial metals were taken to the woodshed. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0.14% to USD96.16 per barrel in Asian trading Monday. That comes after [...]
Read more →Gold futures traded lower in the early part of Thursday’s Asian session after skidding to a four-week low in Wednesday’s U.S. session. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery fell 0.67% to USD1,386.85 per troy ounce in Asian trading Thursday after settling down 2.07% at USD1,395.05 a [...]
Read more →The euro rose against the yen on Tuesday despite spotty data out of Europe that weakened the single currency against the greenback. The yen came under pressure after a meeting of Group of Seven finance ministers and central bankers wrapped up recently with no mention of concern for Japan’s loose monetary policies. In U.S. trading [...]
Read more →The U.S. dollar rose against most major currencies on Monday after U.S. retail sales beat expectations, just days after official data revealed that far fewer individuals filed for unemployment assistance than expected. In U.S. trading on Monday, EUR/USD was down 0.13% at 1.2974. The Commerce Department reported earlier that U.S. retail sales rose 0.1% in April, defying [...]
Read more →The U.S. Dollar was higher against the Japanese Yen on Sunday. USD/JPY was trading at 101.83, up 0.20% at time of writing. The pair was likely to find support at 98.58, Wednesday’s low, and resistance at 101.98, Friday’s high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit [...]
Read more →Oil futures traded lower in the early part of Friday’s Asian session despite another positive data point pertaining to the U.S. labor market. On the New York Mercantile Exchange, light, sweet crude futures for June delivery fell 0.34% to USD96.06 per barrel in Asian trading Friday after settling down 0.63% at USD96.01 a barrel on [...]
Read more →The Australian dollar soared against its U.S. rival during Thursday’s Asian session after a surprisingly strong April jobs report from the world’s 12th-largest economy. In Asian trading Thursday, AUD/USD climbed 0.61% to 1.0236. The pair was likely to find support at 1.0115, the low of March 4 and a two-month low and resistance at 1.0252, Tuesday’s high. [...]
Read more →Oil futures traded slightly lower during Wednesday’s Asian session following the release of the American Petroleum Institute’s weekly inventories data. On the New York Mercantile Exchange, light, sweet crude futures for June deliver fell 0.19% to USD95.44 per barrel in Asian trading Wednesday after settling down 0.36% at USD95.81 a barrel on Tuesday. Positive economic [...]
Read more →