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Forex Market Update :Epic Research Malaysia

Wednesday, 28 January 2015


The U.S. dollar weakened against its main rivals Tuesday after the Commerce Department said durable-goods orders were surprisingly weak in December.

The euro EURUSD, -0.36% climbed to $1.1351, from $1.1239 late Monday.

The dollar traded at USDJPY, +0.23% to ¥117.81, compared with ¥118.48 late Monday in New York.

The franc fell to its lowest level since the SNB ditched the trading cap. The euro EURCHF, -0.07% traded as high as 1.0381 francs, from 1.0150 earlier in European trading. The shared currency was worth 1.0258 francs in recent trade. The dollar USDCHF, +0.28% rose to 0.9042 francs, up from 0.9030 late Monday.

In other currencies, the pound GBPUSD, -0.24% rose to $1.5192 after the durable-goods orders data.

The ICE U.S. Dollar Index, DXY, +0.24% a measure of the dollar’s value against a basket of six trade-weighted currencies, was down 0.76% to 94.0860.

Gasoline Market Update :Epic Research Malaysia

Elsewhere in energy trading, gasoline for February RBG5, +0.64% rose 3 cents, or 2.5%, to $1.3501 a gallon on Nymex, while February heating oil HOG5, -0.90% gained 2 cents, or 1.4%, to $1.6628 a gallon on Nymex.

February natural gas NGG15, -1.95% advanced 10 cents, or 3.5%, to $2.9810 per million British thermal units. The contract, which is set to expire on Wednesday, slumped 3.5% on Monday.

Oil Market Update :Epic Research Malaysia

Crude-oil futures rose more than 2% on Tuesday, as some optimism about curtailing output seemed to permeate markets and ahead of a fresh weekly report on stockpiles.

Light, sweet crude futures for delivery in March CLH5, -1.32% rose $1.08, or 2.4%, to settle at $46.23 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, -1.03% added $1.44, or 3%, to $49.60 a barrel on London’s ICE Futures Exchange. Futures earlier hit an intraday low at $47.67 a barrel, and traded as high as $49.99 a barrel.

Platinum Market Update:Epic Research Malaysia



In other metals, platinum for April delivery PLJ5, -0.10% climbed $9.30, or 0.7%, to $1,264.30 an ounce, while palladium for March delivery PAH5, -0.35% fell $1.10, or 0.1%, to $780.75 an ounce.

High-grade copper for March delivery HGH5, +0.45% fell 8 cents to $2.46 a pound.

Commodity Market Update:Epic Research Malaysia

Gold futures added to modest gains Tuesday, after a sharp, unexpected fall in U.S. durable-goods orders hit stocks and triggered demand for havens.

Gold for February delivery GCG5, -0.12% rose $12.30, or 1%, to $1,291.70 an ounce, while March silver futures SIH5, -0.55% gained 10 cents to $18.08 an ounce.
 

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