WELCOME

WELCOME

Wednesday, 4 March 2015

MIDNIGHT REPORT 4 MARCH 12.32AM

© Reuters.  FOREX-Dollar eases after touching 11-year peak
* Euro little changed after drop against dollar
* Dollar rise against yen stalls on Abe adviser's comments
* Traders position for ECB bond-buying, U.S. jobs report (Adds latest prices and quotes; changes byline and dateline; previously LONDON)
By Michael Connor
NEW YORK, March 3 (Reuters) - The dollar softened on Tuesday after touching an 11-year high against an index of other major currencies as dealers awaited details of Europe's massive bond-buying program and a key U.S. jobs report.
Trading was choppy. The dollar surrendered early gains against the euro on widening interest-rate differences and was last flat against Europe's shared currency and down against the Japanese yen.
The U.S. dollar index .DXY was off 0.17 percent at 95.305 after rising to a peak of 95.570 last seen in September 2003.
"Markets are looking for the next impetus," said Dean Popplewell, chief currency strategist at Oanda in Toronto. "We may get that from the European Central Bank on Thursday or a pleasant spark on Friday from the non-farm payroll report."
Europe's central bank will finalize the details of its 1.1 trillion euro bond-buying program on Thursday and may start buying immediately afterwards.
On Friday, the U.S. government releases its often market-moving monthly employment report, which economists expect to show a robust addition of 240,000 jobs during February, according to a Reuters poll.
The euro was last little changed against the dollar at $1.1181 EUR= .
The dollar fell against the yen after an economic adviser to Japanese Prime Minister Shinzo Abe said the U.S. currency could not sustain more gains.
Etsuro Honda, whom some analysts described as a proponent of yen weakness, told the Wall Street Journal that the dollar's strength against the yen might be at a "kind of upper limit in the exchange rate's comfort zone."
The comments pulled the dollar off a three-week high of 120.27 yen JPY= hit earlier due to a spike in U.S. debt yields. It last traded at 119.55, down 0.5 percent.
The Australian dollar rose 1 percent against the greenback after the Reserve Bank of Australia opted to leave its policy rate unchanged at a record low of 2.25 percent. TheAussie jumped to a high of $0.7845 AUD=D4 before easing back to $0.7833, still up 0.8 percent on the day.
Investing.com 
© Reuters.  Natural gas futures higher in U.S. trade
Natural gas futures were higher in U.S. trade on Tuesday.

On the New York Mercantile Exchange, Natural gas futures for April delivery traded at USD2.723 per million British thermal units at time of writing up 0.91%.

Earlier, it traded at a session high USD2.728 per million British thermal units. Natural gaswas likely to find support at USD2.649 and resistance at USD2.888.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.29% to trade at USD95.25.

Elsewhere on the Nymex, Crude oil for April delivery gained 1.71% to trade at USD50.44 a barrel while Heating oil for April delivery gained 2.77% to trade at USD1.9396 per gallon.
Natural gas futures higher in U.S. trade
 

Related Articles

Gold futures lower during the U.S. session
Gold futures lower during the U.S. session
By Investing.com - Mar 03, 2015
Investing.com - Gold futures were lower during the U.S. session on Tuesday.On the Comex division of the New York Mercantile Exchange, Gold futures for April delivery traded at ...