The euro was steady at three-and-a-half month highs against the dollar on Wednesday and regained ground against the yen after dropping more than 2% on Tuesday. EUR/USD hit 1.3293 during late Asian trade, the session low; the pair subsequently consolidated at 1.3307, dipping 0.04%. The pair was likely to find support at 1.3231, Tuesday’s low and [...]
Read more →The U.S. dollar traded slightly higher against the Japanese yen ahead of the conclusion of a two-day policy meeting by the Bank of Japan later Tuesday. In Asian trading Tuesday, USD/JPY inched up 0.01% to 98.78. The pair was likely to find resistance at 99.29, the earlier high, and support at 95.00, Friday’s low. The pair jumped [...]
Read more →Gold futures traded modestly higher in the early part of Monday’s Asian session as traders in the region digested a spate of marquee economic data points from the U.S. and China that were published in recent days. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery inched up 0.06% [...]
Read more →The euro remained lower against the U.S. dollar on Friday, after the release of mixed U.S. employment data added to uncertainty over the future of the Federal Reserve’s stimulus program. EUR/USD hit 1.3216 during U.S. morning trade, the session low; the pair subsequently consolidated at -, shedding -. The pair was likely to find support at [...]
Read more →Oil futures succumbed to a bit of profit-taking in the early part of Tuesday’s Asian session as traders book profits in crude following a solid showing by the commodity during Monday’s U.S. session. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0.32% to USD93.16 per barrel in Asian trading [...]
Read more →The U.S. dollar traded higher against most of its major rivals during Friday’s Asian session following a slew of economic data points released at the end of the week. In Asian trading Friday, EUR/USD inched down 0.05% to 1.3042 after the U.S. Commerce Department said U.S. first-quarter GDP grew 2.4%, missing economists’ expectations of 2.5% growth. Government [...]
Read more →Oil futures traded modestly lower in the early part of Wednesday’s Asian session as traders booked profits in crude following a strong showing in Tuesday’s U.S. session. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0.27% to USD95.01 per barrel in Asian trading Wednesday after settling up 1.29% at [...]
Read more →Oil futures traded lower in the early part of Tuesday’s Asian session amid conflicting reports regarding the health of Saudi Arabian King Abdullah. On the New York Mercantile Exchange, light, sweet crude futures for July delivery 0.52% to USD93.66 per barrel in Asian trading. Trade was light as markets in the U.S. and U.K. were [...]
Read more →Oil futures traded lower during Monday’s Asian as traders dealt with sentiment that may be indicating global economic growth is slowing. On the New York Mercantile Exchange, light sweet crude futures for delivery in July slipped 0.83% to USD93.37 per barrel in Asian trading Monday after settling down 0.45% Friday to settle the week at [...]
Read more →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 [...]
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