Spot futures are still gravitating towards the 75 cents level and for the past eight sessions the March contract has settled within a very narrow band of less than 100 points,between 74.79 and 75.71 cents/lb. There have been a few ...
Tags: NY futures, cotton, US, vacuum effect, China
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
BS reported that gold inched up on Monday as a drop in the US unemployment rate did little to dampen expectations that the Federal Reserve will maintain easy monetary policy when it meets later this week. Investors are watching ...
Tags: US, unemployment, monetary policy, job market
THE Australian dollar hovered near three-month highs yesterday,buoyed by the US Federal Reserve's latest attempt to pump liquidity into the world's largest economy. The Fed,at the conclusion of its last policy meeting for the year,decided ...
Tags: Australian dollar, Fed, Operation Twist, RBA, CBA