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Futures Market News - June 2012
- Final trading session of Q2 sees crude oil futures surge higher: [2012 Jun 29 11:32 AM] Crude oil futures headed up from their lowest value since September of last year on Friday, propelled by conjecture that European Union leaders surpassed the low expectations of them during the Brussels summit as sanctions against oil-rich Iran are set to begin this weekend. Read more
- Gold futures reach for the sky as Q2 closes: [2012 Jun 29 11:30 AM] The final trading day of the second quarter of 2012 saw gold futures achieve their biggest one-day gain since the first days of the first quarter of the year. Read more
- Greenback's strength, European Union woes drag down gold futures: [2012 Jun 28 03:48 PM] Economic data released by the U.S. and continued skepticism about the two-day summit in Brussels helped pull down gold futures on Thursday. Read more
- Canadian dollar falls against greenback as ministers focus efforts on Spain, Italy: [2012 Jun 28 10:29 AM] Thursday saw the Canadian dollar lose value for a second-straight day against the world's reserve currency as European Union leaders got to work in Brussels on the first day of the two-day summit to address the sovereign debt crisis. Read more
- Corn futures feel the heat and benefit from it: [2012 Jun 27 12:41 PM] Steep reductions of corn inventories in the U.S. are projected to hasten even more rapidly. Read more
- Slimming confidence for Brussels summit weighs on copper futures: [2012 Jun 27 11:22 AM] Copper futures were edging down in value on Wednesday as confidence continued dropping about the European Union two-day summit in Brussels. Read more
- Canadian dollar falls before Brussels meetings: [2012 Jun 27 11:20 AM] The Canadian dollar was slipping in value against the world's reserve currency on Wednesday, just before European Union leaders convene in Brussels for a two-day summit that already is projected to be underwhelming. Read more
- Crude oil futures climb from strike in Norway, sanctions against Iran: [2012 Jun 27 11:19 AM] Crude oil futures rose on Wednesday as a consequence of a production slowdown in Norway and potential shortages from Iran. Read more
- Gold futures follow euro's slide: [2012 Jun 27 11:17 AM] Gold futures dropped on Wednesday as the yellowish metal followed the downward trend of the shared currency of the European Union. Read more
- Crude oil futures' gains tempered by debt scourge as summit pessimism permeates: [2012 Jun 26 02:21 PM] Restricted supplies helped drive up the price of crude oil futures on Tuesday. Read more
- Copper futures edge up as greenback slips: [2012 Jun 26 12:07 PM] Copper futures were on the rise on Tuesday as the world's reserve currency was dropping in value. Read more
- Euro dragged down by Spanish tumult: [2012 Jun 26 12:06 PM] Tuesday saw the common currency of the European Union fall against the world's reserve currency to its lowest rate in one week. Read more
- Copper futures hinge on late week Brussels summit: [2012 Jun 25 02:11 PM] The price of copper futures firmed on Monday as the shared currency of the European Union endured pressure from Spain, which is drawing an increased amount of negative attention. Read more
- Worries about debt scourge drag down crude oil futures: [2012 Jun 25 02:09 PM] The price of crude oil dropped in value on Monday amid concerns about European leaders being unable to control the sovereign debt crisis. Read more
- Euro loses value as leaders' summit set for later this week: [2012 Jun 25 02:07 PM] Monday saw the common currency of the European Union lose value against the world's reserve currency. Read more
- Corn, soybeans rise on drought: [2012 Jun 22 03:41 PM] Ongoing droughts are expected to continue a rally in corn and soybeans in the coming week. Read more
- Gold futures dive in fallout of FOMC decision: [2012 Jun 21 02:18 PM] Gold futures dropped beneath the milestone price of $1,600 per troy ounce on Thursday, one day after the policy-making arm of the U.S. Federal Reserve opted to lengthen a monetary stimulus program. Read more
- Canadian dollar climbs against the greenback: [2012 Jun 21 10:10 AM] Thursday saw the monetary unit of Canada bounce back against the U.S. dollar. Read more
- Cotton futures dive after nearly one week of gains: [2012 Jun 20 03:35 PM] Cotton futures endured sharp losses on Wednesday, representing a stark about-face after having achieved nearly one week of gains. Read more
- Canadian dollar climbs in aftermath of Fed stating stimulus will continue: [2012 Jun 20 03:33 PM] The monetary unit of Canada benefited from the announcement of the U.S. Federal Reserve that it would continue its strategy to spur the globe's largest economic system. Read more
- Gold futures retreat as FOMC meetings wrap up: [2012 Jun 20 12:33 PM] Gold futures backed down to the psychological milestone price of $1,600 per troy ounce on Wednesday, as investors waited on the upshot of U.S. Federal Reserve policy makers' two-day meetings, which wrap up in the afternoon. Read more
- Crude oil futures fall as supplies drop less than projected: [2012 Jun 20 11:11 AM] Wednesday saw crude oil futures fall amid speculation that U.S. supplies of the energy commodity shrank less than predicted. Read more
- Aussie slips against dollar, yen yet poised to advance with FOMC stimulus: [2012 Jun 20 11:09 AM] Wednesday saw the Australian dollar lose value against the monetary units of Japan and the U.S. Read more
- Sugar futures soar as Australian production forecast to climb to highest in three years: [2012 Jun 19 04:41 PM] Exports of sugar from Australia are forecast to rise to their highest value in 36 months this year due to a stronger product generating better crops, according to the Australian Bureau of Agricultural and Resource Economics and Sciences. Read more
- Canadian dollar gains against greenback as speculation grows about central bank intervention: [2012 Jun 19 04:39 PM] Tuesday saw the value of the monetary unit of Canada climb against its southerly rival as speculation grew about intervention by central banks to spur economies passing through rough spots. Read more
- Crude oil futures benefit from euro zone developments: [2012 Jun 19 12:00 PM] Crude oil futures bounced back on Tuesday, capitalizing on bond prices in Spain recovering after the economically shaky nation's leadership achieved its target when selling debt. Read more
- Gold futures ride eight-day rally: [2012 Jun 19 11:58 AM] Gold futures were on the rise on Tuesday as policy makers with the central bank of the U.S. kicked off two days of meetings that command attention as investors and traders mine for indications about additional monetary easing. Read more
- Euro gains in value as Greek bailout plans prep to begin again: [2012 Jun 19 11:56 AM] Re-negotiations for bailout terms and conditions for debt-riddled Greece helped drive up the value of the shared currency of the European Union against the world's reserve currency on Tuesday. Read more
- Canadian dollar falls against greenback as crude oil slips: [2012 Jun 18 04:16 PM] The Canadian dollar lost value Monday against its U.S. counterpart as the commodity-based monetary unit tracked the downward tack of crude oil futures. Read more
- Crude oil futures fall as Spain's banks demonstrate weakness: [2012 Jun 18 04:05 PM] The deepening sovereign debt crisis in the euro zone helped pull down crude oil futures on Monday. Read more
- Copper futures dive from bleak outlook in euro zone: [2012 Jun 18 04:04 PM] Copper futures slipped from their highest price in 21 days, pulled down by pessimism surrounding Spanish banks and debt. Read more
- Pro-bailout parties of Greece tasked with merging efforts to create government: [2012 Jun 18 09:12 AM] Two pro-bailout political parties in debt-riddled Greece are working hand-in-hand to create a new government and stability in the nation that remains in danger of defaulting on its loan obligations and being removed from the 17-nation euro zone. Read more
- Gold futures gain as FOMC set to meet, Greece prepares to vote: [2012 Jun 15 11:25 AM] Gold futures were on the rise on Friday in the face of pivotal elections in Greece on Sunday and the policy-making division of the U.S. Federal Reserve preparing to convene for two days of meetings next week. Read more
- Loonie ebbs and flows against dollar as Greek elections near: [2012 Jun 15 11:18 AM] The second attempt at electing a prime minister in Greece in six weeks on Sunday had investors on edge on Friday as the Canadian dollar hovered against the world's reserve currency. Read more
- Yen climbs against dollar after central bank of Japan puts off widening stimulus program: [2012 Jun 15 11:16 AM] The Bank of Japan opted against increasing its monetary stimulus program on Friday, prompting the monetary unit of the Pacific Rim nation to advance the most in two weeks against the U.S. dollar. Read more
- Copper futures climb as Greek elections near: [2012 Jun 14 04:40 PM] Apprehension among market participants on Thursday kept copper futures at bay as the industrial metal edged up in value as investors' focus sharpened on Sunday elections in debt-riddled Greece. Read more
- Gold futures drive toward fifth consecutive bullish session: [2012 Jun 14 04:38 PM] Gold futures were ebbing and flowing on Thursday, aiming for their fifth-straight bullish session. Read more
- Canadian dollar's climb against greenback minimized by euro debt concerns: [2012 Jun 14 04:37 PM] Apprehension about the second round of elections this weekend in Greece tempered gains of the monetary unit of Canada against the world's reserve currency on Thursday. Read more
- Crude oil slips as OPEC deals with production ceiling at Vienna summit: [2012 Jun 14 11:56 AM] The price of crude oil hovered about its lowest value since November of last year as the Organization of Petroleum Exporting Countries convenes to delve into discussion about adjustments to the production ceiling. Read more
- Euro falls against dollar as bond yields climb in Italy, Spain: [2012 Jun 14 11:55 AM] The common currency of the European Union lost value against the U.S. dollar on Thursday as bond yields climbed higher following the debt auctions of two imperiled nations, Spain and Italy. Read more
- Drought to pull down Australian wheat production: [2012 Jun 13 03:32 PM] Inclement weather pulled down the projection of wheat production from the globe's second-biggest shipper of the grain. Read more
- Gold futures' upward drive resumes: [2012 Jun 13 12:35 PM] Gold futures continued driving higher in value on Wednesday, capitalizing on a U.S. dollar drawn down by weaker retail sales data from last month. Read more
- Euro gains as Greece prepares for Sunday elections: [2012 Jun 13 12:33 PM] The value of the common currency of the European Union gained against the U.S. dollar on Wednesday following speculation that Greece is set to take action to remain part of the 17-nation bloc as the country prepares for a second round of elections this weekend. Read more
- Crude oil futures slip due to increased global inventories: [2012 Jun 13 12:31 PM] Crude oil futures dropped on Wednesday as a consequence of stronger inventories on global markets as compared to earlier this year, the International Energy Agency said. Read more
- Copper futures slip as doubts about Spanish banks linger: [2012 Jun 12 03:15 PM] Doubts about prospects for success of the Spanish banks' bailout prompted copper futures to hover around even on Tuesday. Read more
- Gold futures push past $1.6k as euro gains against dollar: [2012 Jun 12 02:53 PM] Tuesday saw gold futures drive past the psychological price of $1,600 per troy ounce as the yellowish metal tracked the upward drive of the common currency of the European Union. Read more
- Canadian dollar's slight climb not impacted by losses to crude oil: [2012 Jun 12 11:47 AM] Slipping oil prices had no impact on slight gains achieved by the Canadian dollar on Tuesday. Read more
- Saudi minister commentary helps pull down crude oil futures: [2012 Jun 12 11:44 AM] Crude oil futures dropped for a fourth consecutive session on Tuesday as a consequence of remarks uttered by the oil minister of the top nation of the Organization of Petroleum Exporting Countries. Read more
- Doubts about Spain's banks tug down crude oil futures: [2012 Jun 11 01:02 PM] Crude oil prices were dropping on Monday, tugged down by pessimism about the bailout package awarded to Spain helping the nation that hosts the euro zone's fourth-largest economic system. Read more
- Yuan propelled against dollar by strong trade data: [2012 Jun 11 12:48 PM] Read more
- Canadian dollar climbs after Spain accepts loan money: [2012 Jun 11 12:42 PM] Aid for struggling Spanish banks proved to be helpful for the value of the monetary unit of Canada on Monday. Read more
- Aussie, kiwi slip against rivals after losses to Asian stocks: [2012 Jun 08 03:51 PM] South Pacific currencies lost value against their major counterparts on Friday, pulled down by Asian stocks ' poor performance. Read more
- Gold prices climb as optimism for Spanish banks spurs euro: [2012 Jun 08 03:49 PM] Gold futures advanced on Friday as the 17-nation euro also gained in value after indications of support for debt-riddled Spanish banks. Read more
- Mexican peso drives toward recovery from lowest value against dollar in three years: [2012 Jun 08 12:35 PM] Development and growth are in peril but Mexico's central bank left interest rates intact on Friday at 4.5 percent. Read more
- Loonie suffers from waning likelihood of stimulus: [2012 Jun 08 11:46 AM] The Canadian dollar lost value against the world's reserve currency on Friday, tugged downward by dimming optimism for the implementation of monetary easing programs by worldwide central banks. Read more
- Crude oil futures push toward longest weekly losses in 13 years: [2012 Jun 08 11:35 AM] Crude oil futures were driving toward their longest weekly loss streak since 1999 as the energy commodity lost value Friday, a consequence of speculation stating demand from the globe's two top consumers will fall. Read more
- Gold futures dive day after notching one-month highs: [2012 Jun 07 03:18 PM] Gold futures slipped lower than the milestone price of $1,600 per troy ounce on Thursday after the U.S. Fed chief did not indicate monetary easing is presently planned. Read more
- Dollar strengthened by Bernanke testimony: [2012 Jun 07 01:20 PM] The world's reserve currency advanced Thursday against the 17-nation euro following sworn testimony of U.S. Federal Reserve Chairman Benjamin S. Bernanke. Read more
- Ghana cocoa production forecast reduced due to weather: [2012 Jun 07 01:17 PM] The globe's second-largest producer of cocoa is tending toward supplying a smaller amount of the soft commodity this year than forecast due to inclement weather, a regulator said. Read more
- Crude oil futures gain in aftermath of Chinese rate cut: [2012 Jun 07 01:15 PM] Monetary easing and strategies of boosting the economies of the globe's two largest consumers of crude oil helped drive up the price of the energy commodity's futures on Thursday. Read more
- Loonie advances from Spanish auction, Chinese rate cut: [2012 Jun 07 10:02 AM] Thursday saw the value of the Canadian dollar climb against the world's reserve currency, spurred by a successful bond auction in debt-hobbled Spain, an interest rate cut in China and the aftermath of the monetary unit's strong performance from Wednesday. Read more
- Crude oil futures climb amid optimism of ECB prospects: [2012 Jun 06 10:14 AM] Crude oil futures were on the rise on Wednesday in response to the central bank of Europe keeping interest rates intact as other tradables of the commodity complex also drove higher. Read more
- Copper futures track euro's rise: [2012 Jun 06 10:12 AM] Copper futures were on the rise on Wednesday as the U.S. dollar dipped in value against the shared currency of the European Union. Read more
- Crude oil futures hover between uplifting U.S. economic data and continued challenges with euro debt: [2012 Jun 05 12:48 PM] The price of crude oil futures hovered on Tuesday as a consequence of economic data indicating May service-industry growth gained, representing an unanticipated development. Read more
- Speculation about monetary easing pushes up gold fuutres: [2012 Jun 05 10:09 AM] Tuesday saw gold futures rising in value as the yellowish metal benefited from conjecture about central banks preparing to deploy monetary stimulus to boost economic systems. Read more
- Euro loses value against greenback, yen as G-7 officials conduct teleconference to discuss Spain: [2012 Jun 05 10:06 AM] Spain requesting aid for its troubled banks dragged down the 17-nation currency on Tuesday against the U.S. dollar. Read more
- Euro advances against greenback, yen as leaders ponder Greece remaining among bloc: [2012 Jun 04 12:56 PM] Monday saw the common currency of the European Union climb in value for a second straight trading session against the U.S. dollar. Read more
- Copper futures aim higher after scraping eight-month lows late last week: [2012 Jun 04 12:50 PM] Copper futures were slipping in value on Monday, prolonging losses from last week. Read more
- Loonie solidifies against U.S. dollar as central bank policy makers prepare to meet: [2012 Jun 04 12:48 PM] Monday saw the currency of Canada firm against the world's reserve currency as European leaders signaled they are prepared to more strongly assert for the integrity of regional economic stability by taking on the sovereign debt crisis. Read more
- Crude oil futures continue slumping as U.S., Chinese economies plow through rough patches: [2012 Jun 04 10:05 AM] Indications of economic slowdowns in the globe's two top consumers of oil helped pull down crude oil futures on Monday. Read more
- Gold futures slump one session after marking largest climb in three-plus years: [2012 Jun 04 09:40 AM] Monday saw gold futures falling as financial markets also slipped, prompting investors and traders to unload the yellowish metal. Read more
- Chinese, U.S. economic data weigh on crude oil futures: [2012 Jun 01 02:59 PM] Crude oil futures kicked off the first trading session of the month of June by dropping to their lowest value in nearly eight months. Read more
- Peso falls against world's reserve currency: [2012 Jun 01 01:11 PM] The Mexican peso was plunging toward a fifth straight week of losses against the U.S. dollar on Friday on the first day of the month after a month the monetary unit would rather forget. Read more
- Gold futures track downward trend of euro: [2012 Jun 01 01:08 PM] Friday saw gold futures losing value as the common currency of the European Union also was on the downtick. Read more






