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REFILE-METALS-Copper prices head for weekly gain on US-China tariff truce
By Hongmei Li SINGAPORE, May 16 (Reuters) - Copper prices edged lower on Friday but were set for a weekly rise on China-U.S. temporary trade truce, although uncertainty over longer-term demand prospects for the metal capped further gains.Benchmark copper CMCU3 on the London Metal Exchange (LM...Reuters
Fri, May 16
TECHNICALS-CBOT soybeans may fall toward $10.38-1/2
For more technical analyses, please click SINGAPORE, May 16 (Reuters) - The CBOT soybean July contract SN25 may fall toward $10.38-1/2 per bushel, as it has broken support at $10.55.The next support will be at $10.38-1/2. Wave pattern suggests a completion of a wave C from $9.85-1/4, which failed to...Reuters
Fri, May 16
Gold set for worst week in 6 months as trade calm dents appeal
May 16 (Reuters) - Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Spot gold XAU= shed 0.6% to $3,221.19 an ounce as of 0624 GMT. Bullion has lost more than...
Reuters
Fri, May 16
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $959.22 a troy ounce, with the XPD/USD pair easing from its previous close at $964.05.Fxstreet
Fri, May 16
PRESS DIGEST - Wall Street Journal - May 16
May 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- New Jersey's commuter rail engineers are on strike, following a yearslong battle over wages.- Retail giant Walmart WMT.N said it plans t...Reuters
Fri, May 16
BREAKINGVIEWS-Alibaba partly punctures China's AI hopes
By Robyn Mak HONG KONG, May 16 (Reuters Breakingviews) - After talking up the promises and opportunities of artificial intelligence, Alibaba 9988.HK boss Eddie Wu is struggling to deliver. The Chinese e-commerce group's shares plunged nearly 8% in New York following tepid quarterly earnings. ...Reuters
Fri, May 16
GRAINS-Chicago soybeans set for first weekly gain in three on demand prospects
BEIJING, May 16 (Reuters) - Chicago soybean futures are set for a weekly gain on Friday after two straight weeks of decline, as a China-U.S. tariff pause sparked hopes for increased Chinese demand, although uncertainty over the shape of a final trade deal lingered. Soybean contract Sv1 ...Reuters
Fri, May 16
Gold price stalls recovery from over one-month low near 200-period SMA on H4
Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday.Fxstreet
Fri, May 16
METALS-Copper prices set for weekly gain on US-China trade optimism
By Hongmei LiSINGAPORE, May 16 (Reuters) - Copper prices inched higher on Friday and were on track to end the week in positive territory, supported by a China-U.S. tariff truce, although concerns over longer-term demand for the metal capped further gains.Asian stocks were poised for a strong week on...Reuters
Fri, May 16
PRESS DIGEST-British Business - May 16
May 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- British's software services provider Wireless Logic's chief executive said that U.S. investment firm Gene...Reuters
Fri, May 16
GRAINS-Chicago wheat set for first weekly gain in four on strong demand
BEIJING, May 16 (Reuters) - Chicago wheat futures edged higher on Friday, poised for their first weekly gain in four weeks, as low prices sparked renewed demand for U.S. wheat.Soybean futures are also on track for a weekly climb, supported by a temporary tariff pause between Beijing and Washington t...Reuters
Fri, May 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 16 (Reuters) - Contract Target Support/Resistance Brent oil $63.33/$62.77res $65.05/$65.69Palm oil (3rd month)3,808/3,784 ringgitres 3,871/3,887/3,909 ringgitWTI* $60.78/$60.20res $61.99/$62.65Spot gold$3,206/$3,176res $3,251/$3,286LME copper...Reuters
Fri, May 16
Brazil's Marfrig moves to cap takeover of BRF, combining as MBRF
By Ana Mano SAO PAULO, May 15 (Reuters) - Brazilian beef processor Marfrig MRFG3.SA announced on Thursday a plan to complete its takeover of poultry and pork processor BRF BRFS3.SA, while teasing plans to eventually list shares of the combined entity in the United States. The move caps a long-...Reuters
Fri, May 16
