Cable held gains on Greece, Fed

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Source: Forexpros

The British Pound held gains versus the U.S. Dollar, after the leader of Greek pro-bailout party announced that they managed to form a coalition, while traders were focused on Federal Reserve meeting outcomes. GBP/USD peaked at 1.5778, which was one-month high, and consolidated at 1.5741, gaining 0.10% in the U.S. morning trading session.

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Wed, 20 Jun 2012 19:58:03 GMT

Crude held losses on supply data

Futures for crude held losses in U.S. morning trade, after the U.S. government reported that oil supplies gained more than expected. On the NYMEX, July delivery futures for light sweet crude were traded at USD82.89 per barrel, easing 1.3% during European morning trade. While contracts for August lost 1.35%, reaching the level of USD83.22 a barrel.

Wed, 20 Jun 2012 19:36:11 GMT

Natural gas trims gains ahead of supply data

Futures for natural gas retreaded from a four-week high in the U.S. morning hours, as investors focused on upcoming natural gas supplies report by the U.S. government. On the NYMEX, July delivery futures were traded at USD2.546 a MMBtu, gaining 0.15% in U.S. morning trading session. Earlier, natural gas rallied 4.2% and was traded at USD2.676 per MMBtu.

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