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Futures Market News - February 2012
- Loonie climbs against major counterparts amid U.S. economic news: [2012 Feb 29 03:43 PM] The Canadian dollar saw a large jump on Wednesday due to month-end rebalancing and relief felt after the European Central Bank's long-term refinancing operation, The Wall Street Journal reports. Read more
- Crude oil futures barrel toward strong monthly performance: [2012 Feb 29 09:45 AM] Crude oil futures were driving toward their best monthly performance since October of last year as the recovery of the economy aided the energy commodity's climb. Read more
- Soy futures rise to five-month high: [2012 Feb 28 03:39 PM] U.S. soybean future continued their upward trend on Tuesday, reaching a five-month high after seven consecutive days of gains, Reuters reports. Read more
- Gold futures push to three-month high: [2012 Feb 28 03:16 PM] Gold futures gained in value on Tuesday, marking the first session in three that the yellowish metal increased. Read more
- Crude oil futures' slow-down hits second-straight day: [2012 Feb 28 12:14 PM] The price of crude oil slipped on Tuesday as concerns augmented regarding higher prices presenting an obstacle for economic development and growth amid the world economy. Read more
- Aussie's bounce against dollar occurs as ECB set to kick off LTRO: [2012 Feb 28 10:13 AM] Tuesday saw the Australian dollar increase in value against the U.S. dollar as all eyes fell on the European Central Bank and the long-term refinancing operation it is set to embark on. Read more
- Cotton futures gain on rebound of USDA exports: [2012 Feb 27 12:00 PM] Cotton futures were up for the second consecutive session on Monday amid signs of strong demand for U.S. supplies after new figures show U.S. exports jumped last week, according to Forexpros. Read more
- Copper could recover on Chinese renewables growth: [2012 Feb 27 09:44 AM] After a steep drop in the second half of 2011, copper could see a rebound in coming years. Read more
- Sugar on pace for longest rally in 15 months: [2012 Feb 24 03:46 PM] Sugar futures climbed for the seventh consecutive session on Friday, headed toward the longest rally in 15 months as supplies tighten and demand remains strong, Bloomberg reports. Read more
- South African monetary unit heads toward second straight weekly gains against greenback: [2012 Feb 24 01:14 PM] The South African rand pushed on Friday to its top value in two weeks against the U.S. dollar while it barreled toward to a second-straight week of gains against the world's reserve currency. Read more
- Canadian dollar falls despite crude oil futures' continued climb: [2012 Feb 24 11:49 AM] The Canadian dollar slipped in value against the world's reserve currency on Friday as concerns grew for the seemingly relentless increases in price by crude oil futures. Read more
- Gold futures benefit from tumult in Syria, Iran: [2012 Feb 24 10:19 AM] Gold futures climbed in value on Friday amid concerns for tense political situations in the Middle East. Read more
- Yen's downward drive against rivals continues: [2012 Feb 24 10:17 AM] The Japanese yen's downward drive against its counterpart currencies resumed on Friday. Read more
- Large plantings applies pressure on wheat prices: [2012 Feb 23 03:46 PM] Spring wheat futures fell 2 percent on Thursday, nearing a one-month low after the U.S. Department of Agriculture raised its plantings forecast, Reuters reports. Read more
- Crude oil futures drop for first time in six sessions: [2012 Feb 23 01:30 PM] The price of crude oil futures slipped for the first time in six trading sessions on Thursday amid a federal report from the U.S. indicating inventories in the nation last week advanced to the highest levels in five months. Read more
- Euro gains from strong economic data in Germany: [2012 Feb 23 10:08 AM] Uplifting economic news about the fortitude of Germany pushed up the value of the common currency of the European Union against the U.S. dollar and the Japanese yen on Thursday. Read more
- European Commission reduces regional growth forecast: [2012 Feb 23 10:03 AM] The economic system of Europe will contract this year while two more euro zone nations will feel the pinch of the sovereign debt crisis, a leader of the European Commission told reporters on Thursday. Read more
- Crude oil futures gain amid Irani resistance to inspectors: [2012 Feb 22 03:48 PM] United Nations nuclear inspectors being turned away from a military base in Iran helped push the price of crude oil futures to their highest price in nine months. Read more
- Coffee futures drop as supplies rise: [2012 Feb 22 03:46 PM] Arabica-coffee futures declined the most in a week on Wednesday, February 22, amid growing stockpiles and higher sales in Brazil, the world's largest grower of coffee beans, Bloomberg reports. Read more
- South Pacific monetary units climb against greenback: [2012 Feb 22 10:21 AM] The dollars of Australia and New Zealand advanced on Wednesday against the U.S. dollar. Read more
- Pound slips amid minutes signaling disagreement with the BoE: [2012 Feb 22 09:18 AM] Minutes indicating fissures among policy makers with the Bank of England pulled down the value of the English pound on Wednesday. Read more
- Yen slips against dollar in aftermath of easing: [2012 Feb 22 09:14 AM] Wednesday saw the monetary unit of Japan drop to its lowest value against the U.S. dollar in seven months. Read more
- Chilean peso finishes strong on Greek bailout, copper prices: [2012 Feb 21 03:45 PM] Chile's peso finished stronger against the dollar on Tuesday, February 21, as investors responded positively to Greece's bailout terms and worldwide copper prices advanced. Read more
- Australian, New Zealand dollars benefit from Greek pact: [2012 Feb 21 03:35 PM] The monetary unit of Australia fell in value against the U.S. dollar on Tuesday, but its losses were tempered by Greece securing its second tranche of bailout aid since June 2010. Read more
- Crude oil futures climb amid Greek debt deal, sanctions against Iran: [2012 Feb 21 02:24 PM] Crude oil futures pushed to their highest value since May on Tuesday. Read more
- Loonie's advances tempered by concerns for Greece: [2012 Feb 21 10:22 AM] Tuesday saw the monetary unit of Canada ebb and flow against the U.S. dollar as enthusiasm for Greece gaining approval for a second tranche of international aid since June 2010 was reduced. Read more
- Gold futures gain amid approved tranche for Greece: [2012 Feb 21 10:11 AM] Gold futures rose in value on Tuesday in the aftermath of euro zone leaders stamping approval on a second tranche of bailout aid for Greece since June 2010. Read more
- Rand falls to greenback as confidence for Greece wanes: [2012 Feb 21 10:08 AM] Tuesday saw the monetary unit of the largest economic system on the African continent slip to the U.S. dollar after preoccupations that Greek suffering will not end with the Aegean nation being awarded its second bailout since June 2010. Read more
- Corn rises for second day on higher demand: [2012 Feb 17 04:01 PM] Corn rose for the second consecutive day on Friday, extending its advances on robust weekly U.S. exports amid] optimism for consummation of the Greek bailout supported[ing] the market, Reuters reports. Read more
- Dollar drops as debt dilemma dithers: [2012 Feb 17 02:42 PM] ?Friday saw the world's reserve currency slip in value to the 17-nation common currency but rise against the Japanese yen. Read more
- Crude oil futures, loonie climb amid Greek optimism: [2012 Feb 17 01:52 PM] Friday saw the values of crude oil futures and the Canadian dollar climb amid a brighter outlook toward Greece receiving its bailout aid, perhaps as soon as early next week. Read more
- Eyes turn to Monday as euro rises: [2012 Feb 17 12:04 PM] Friday saw the value of the 17-nation common currency pick up to the U.S. dollar amid optimism for Greece receiving its tranche of international bailout aid early next week. Read more
- India to yield to China this year for global gold purchase lead, gold council states: [2012 Feb 17 11:55 AM] China is set to displace India as the globe's top market for gold, states a report issued by the World Gold Council. Read more
- South Pacific currencies climb as Greek optimism rises: [2012 Feb 17 11:53 AM] Friday saw the dollars of Australia and New Zealand climb as Greece appeared en route to receiving funds from its second bailout since June 2010. Read more
- Malaysian group predicts gold to climb to $2k this year: [2012 Feb 17 06:34 AM] Gold futures will achieve the milestone mark of $2,000 per troy ounce during the middle of this year, the top official of the Gold Bullion Entrepreneurs Association of Malaysia said. Read more
- U.S. corn bounces back from three-week low on exports, lower dollar: [2012 Feb 16 03:07 PM] On Thursday, February 16, U.S. corn futures grew by about 1 percent, rallying back from a three-week low on more export demand and a retreating U.S. dollar, Reuters reports. Read more
- Greek drama, delay pulls down rand: [2012 Feb 16 01:44 PM] Thursday saw the South African rand sink to its lowest rate since late last month against the U.S. dollar. Read more
- Crude oil futures rise amid strong U.S. economic data: [2012 Feb 16 12:04 PM] The price of crude oil futures hovered around its top value since early January on Thursday as unemployment benefit applications in the U.S. plunged to their lowest rate since 2008. Read more
- Work together and respect differences, Chinese leader tells D.C. audience: [2012 Feb 16 09:58 AM] China and the U.S. ought to merge efforts and work together to solve problems plaguing the world, the Asian nation's vice president told an audience of business executives, academicians and policy makers on Wednesday. Read more
- Carstens warns of reduced growth in Mexico: [2012 Feb 16 09:56 AM] The economic system of Mexico will develop no more than 4 percent for both the remainder of this year and 2013, central bank governor Agustin Carstens told journalists on Wednesday. Read more
- Copper futures to increase 17 percent this year, Deutsche Bank predicts: [2012 Feb 16 09:47 AM] A Deutsche Bank report predicts the price of copper futures will gain 17 percent this year since economic circumstances will resume a modicum of normalcy this year and prompt purchases by Europe and China. Read more
- Gold futures to drive to record highs this year, firms state: [2012 Feb 16 09:37 AM] Gold futures will scale the milestone price of $2,000 per troy ounce this year, the top official with AnglGold Ashanti told journalists on Wednesday. Read more
- Cocoa gains as Olam expresses optimism: [2012 Feb 15 03:46 PM] Cocoa futures jumped to their highest levels in two weeks on Wednesday after raw materials trader Olam International Ltd. affirmed there is a strong "upside" to the beans as demand outpaces supply, Bloomberg reports. Read more
- Euro falls as Greek leaders speak up: [2012 Feb 15 02:07 PM] Wednesday saw the value of the common currency of the European Union drop when held against the world's reserve currency and the Japanese yen after tempers flared and impatience grew while Greece waited on its second tranche of international bailout aid. Read more
- Gold futures follow euro's climb: [2012 Feb 15 10:21 AM] Gold futures tracked the upward trend of the shared currency of the European Union on Wednesday as all eyes continued monitoring developments in debt-hobbled Greece. Read more
- Bank of England report noting weak economic forecast pulls down pound: [2012 Feb 15 10:19 AM] Wednesday saw the value of the English pound slide against most of its counterpart currencies in response to a Bank of England report indicating the economy of the U.K. will remain weak. Read more
- Australia anticipates larger-than-projected wheat harvest: [2012 Feb 15 06:58 AM] Suitable weather conditions in Australia are helping the nation's wheat industry achieve record exports and harvests, the government forecaster said on Tuesday. Read more
- Coffee futures poised to resume upward drive: [2012 Feb 14 01:36 PM] The 13 percent gains enjoyed by coffee futures during the past five trading sessions is likely to continue amid the reduced amount of exports from Vietnam, the globe's top producer of robusta coffee, an analyst with Rabobank International said. Read more
- Rate reductions also pull down South African rand: [2012 Feb 14 12:00 PM] The monetary unit of the largest economy on the African continent slipped to the world's reserve currency on Tuesday, pulled down by credit rating reductions to six European nations. Read more
- Gold futures follow euro's downward dive: [2012 Feb 14 11:58 AM] Gold futures slipped on Tuesday as the shared currency of the European Union suffered the consequences of warnings issued by a credit rating service to three European nations and their unblemished AAA credit ratings. Read more
- Copper futures slip amid credit slashes: [2012 Feb 14 10:21 AM] Copper futures fell in value Tuesday for a third consecutive trading session as a consequence of a credit rating service slashing six European nations' debt ratings. Read more
- Euro advances after strong debt sales in Italy, Spain: [2012 Feb 14 10:20 AM] Tuesday saw the common currency of the European Union increase in value in response to strong economic data coming from Germany and healthy bond auctions in Spain and Italy. Read more
- Monetary easing in Japan pulls down yen to dollar, euro: [2012 Feb 14 10:19 AM] Tuesday saw Japan stun markets by relaxing its monetary policy and lending additional funds for the purchase of long-term Japanese government bonds Read more
- Peso climbs after Greek parliament approves cuts: [2012 Feb 13 03:47 PM] The Mexican peso notched its biggest climb in one week against the world's reserve currency on Monday, propelled by the parliament of debt-hobbled Greece casting a vote to acquire its second bailout in less than two years. Read more
- Crude oil futures climb following Greek vote: [2012 Feb 13 03:11 PM] The price of crude oil futures pushed to its top value in 14 days on Monday after legislators in the Greek parliament approved deep austerity cuts and opened the door for the Aegean nation to accept its second bailout since June 2010. Read more
- Greek vote pushes up value of euro against rivals: [2012 Feb 13 11:44 AM] Monday saw the value of the shared currency of the European Union advance toward its top price against the world's reserve currency after the parliament of debt-hobbled Greece voted up austerity measures. Read more
- Uneasiness keeps gold futures even: [2012 Feb 13 10:23 AM] Caution toward gold on Monday prompted the precious metal to hover in value as Greece prepared to receive its second bailout package since June 2010. Read more
- South Pacific currencies gain against greenback, yen: [2012 Feb 13 10:21 AM] Monday saw the Australian and New Zealand dollars benefit from advancement in Greece as the Aegean nation's parliament voted up deep austerity measures to secure its second bailout tranche since June 2010. Read more
- Rand recovers from Friday's slide: [2012 Feb 13 10:19 AM] Monday saw the monetary unit of the largest economic system on the African continent recover from sharp losses to the U.S. dollar on Friday, when three high-level officials said they would disclose significant information the next day. Read more
- Intrigue about Saturday press conference pulls down value of rand: [2012 Feb 10 02:08 PM] Uneasiness and wonderment pulled down the value of the South African rand on Friday as the governor of the nation's central bank is set to make noted remarks on Saturday afternoon. Read more
- Copper futures drop amid lower: [2012 Feb 10 02:04 PM] Copper futures fell in value on Friday amid reports that imports by the globe's top consumer of the industrial metal dropped nearly 19 percent last month. Read more
- Gold futures slide amid hold-up in Greece: [2012 Feb 10 10:19 AM] A hitch in the planned deal between Greece and its private creditors pulled down the value of the shared currency of the European Union on Friday, also dragging down the price of gold futures. Read more
- La Niña poised to fade within months, NOAA unit states: [2012 Feb 10 10:17 AM] The weather phenomenon hovering in the Pacific Ocean and wreaking havoc on crops throughout the world is likely to dissipate this spring, according to the U.S. Climate Prediction Center. Read more
- Crude oil futures drive toward third consecutive day of gains: [2012 Feb 09 02:36 PM] U.S. jobless claims' downward drive along with the deal achieved by Greece and its international creditors helped propel crude oil futures toward a third consecutive day of gains on Thursday. Read more
- Copper futures benefit from Greek deal, ECB optimism: [2012 Feb 09 02:13 PM] Copper futures on Thursday rose to their top value in five months, following the upward tack of the shared currency of the European Union as Greece achieved a deal with private creditors. Read more
- Value of loonie benefits from Greek pact: [2012 Feb 09 11:44 AM] Thursday saw the value of Canada's monetary unit increase to its top price in 2012 when compared with the world's reserve currency. Read more
- Gold edges up amid uplifting sentiment for Greece preventing default: [2012 Feb 09 10:07 AM] Gold futures gained on Thursday as a consequence of the shared currency of the European Union driving higher in value amid optimism for Greece acquiring bailout aid. Read more
- Snag in Greek officials' negotiations pull down euro: [2012 Feb 09 10:05 AM] Thursday saw the value of the common currency of the European Union fall from its highest rate against the world's reserve currency and the Japanese yen. Read more
- Cocoa futures slip amid discussions regarding Ivory Coast, grower pact: [2012 Feb 08 02:29 PM] The price of cocoa futures fell on Wednesday amid news that exporters in the globe's top grower of the soft commodity are approaching an agreement with officials regarding a forward selling program. Read more
- Oil futures gain amid progress in Greece: [2012 Feb 08 10:24 AM] Crude oil futures were driving higher in value on Wednesday as a consequence of inventories increasing not as much as anticipated. Read more
- Optimism for Greek deal prompts euro's climb: [2012 Feb 08 10:20 AM] An uplifting sentiment about Greece being able to successfully navigate away from defaulting on financial obligations helped drive the value of the common currency of the European Union to its top value in two months against the U.S. dollar on Wednesday. Read more
- Loonie hovers amid scrutiny of Greece: [2012 Feb 08 10:19 AM] Wednesday saw the value of Canadian currency little changed when held against the world's reserve currency as the focus remained on Greece's attempt to secure a second tranche of bailout aid to prevent defaulting on financial obligations. Read more
- Gold futures gain amid indications of progress in Greece: [2012 Feb 08 10:16 AM] Gold futures gained in value on Wednesday, driven by prospects of Greece and its private creditors finessing a pact that will stave off the Aegean nation's default on loan obligations next month. Read more
- Farmers view grains with green thumbs up: [2012 Feb 07 03:55 PM] This year will see farmers in the U.S. sow the largest amount of acres in many years as they attempt to capitalize on the top agricultural prices in more than 40 years. Read more
- Crude oil futures impacted by geopolitical events: [2012 Feb 07 01:26 PM] Increasing supplies of oil pulled down the price of the energy commodity to its lowest value in six weeks on Tuesday. Read more
- Gold futures hinge on Greek debt discussion: [2012 Feb 07 10:20 AM] Gold futures ebbed and flowed on Tuesday, pulled down by losses to the embattled currency of the euro zone yet tempered by the aftermath of the U.S. Federal Reserve committing to leniency with its monetary policy. Read more
- Aussie slides amid retail spending decreases: [2012 Feb 06 12:01 PM] Monday saw the monetary unit of Australia lose value to the U.S. dollar after the nation released economic data stating spending in the retail sector fell. Read more
- Sugar futures forecast to fall: [2012 Feb 06 10:26 AM] Abundant supplies are projected to reduce the price of sugar futures this year to 18 cents per pound, a top official with an investment house said. Read more
- Euro's drop in value linked to Greek troubles: [2012 Feb 06 10:24 AM] Monday saw the value of the 17-nation shared currency fall against the world's reserve currency amid widening preoccupations with Greece and the financial noose tightening around it. Read more
- Greek grousing grabs gold: [2012 Feb 06 10:23 AM] Gold futures were losing value on Monday, pulled down by snags during negotiations to secure the second round of bailout aid for Greece. Read more
- Copper futures thrive on positive U.S. Labor report: [2012 Feb 03 03:09 PM] Copper futures gained more than 3 percent of value on Friday, climbing to their highest price in one week. Read more
- Canadian dollar barrels toward four consecutive weeks of gains to the greenback: [2012 Feb 03 01:32 PM] Friday saw the Canadian dollar push to its highest value against the U.S. dollar since November of last year. Read more
- Religious leader's veiled threat pushes up crude oil futures: [2012 Feb 03 10:25 AM] Saber rattling by oil-rich Middle Eastern nation Iran is one factor that helped drive the price of crude oil futures higher than $112 per barrel. Read more
- Gold futures drive toward 13 percent gains thus far this year: [2012 Feb 03 10:23 AM] Friday saw gold futures slightly rise in value as the precious metal touched its highest price since the middle of this past November. Read more
- Crude oil futures' downward tack resumes: [2012 Feb 02 02:23 PM] Crude oil futures slipped in value for a fifth consecutive trading session on Thursday. Read more
- Franc recovers against euro, dollar: [2012 Feb 02 02:21 PM] A strong performance by the Swiss franc on Thursday against the U.S. dollar and the common currency of the European Union was driven by a government report indicating Swiss exports increased in December. Read more
- Wheat futures slip from four-month highs: [2012 Feb 02 11:44 AM] Forecasts for inclement weather helped draw down the price of wheat futures on Thursday. Read more
- Debt crisis drives price of gold futures higher: [2012 Feb 02 10:04 AM] Gold futures touched their top value in two months on Thursday, north of $1,750 per troy ounce. Read more
- Silver futures continue strong run from January: [2012 Feb 01 04:48 PM] Silver futures have embarked on their healthiest start to a calendar year in nearly 30 years as a result of increased industrial demand and reinvigorated interest by investors. Read more
- Copper futures continue driving higher: [2012 Feb 01 04:44 PM] The price of copper gained in value on Wednesday as the common currency of the European Union also increased when held against the world's reserve currency. Read more
- Aussie, Kiwi drive higher against greenback: [2012 Feb 01 04:42 PM] The dollars of Australia and New Zealand avoided volatility and performed strongly on Wednesday, drawing influence from uplifting economic data regarding manufacturing in China, Europe and the U.S. Read more
- Rand's lift cued by strong bond sales in Germany, Portugal: [2012 Feb 01 04:34 PM] The South African rand on Wednesday hurtled to its highest value in three months against the U.S. dollar. Read more
- Gold futures follow euro's upward tick: [2012 Feb 01 10:56 AM] Gold prices, coming off the strongest January performance in more than three decades, continued gaining value on Wednesday, pushing higher for a second consecutive trading session. Read more
- Shared currency rises in value amid strong production indices: [2012 Feb 01 10:55 AM] Wednesday saw the shared currency of the European Union increase in value when held against the U.S. dollar, driven by surprisingly strong euro zone manufacturing news for the month of January. Read more






