News
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PRECIOUS-Gold subdued as strong US jobs data dents rate-cut hopes
US posts solid job growth in SeptemberDollar set for weekly gainFed's Goolsbee repeats he is uneasy on rate cutsBy Brijesh Patel Nov 21 (Reuters) - Gold inched down on Friday as a stronger-than-expected U.S. jobs report reinforced expectations that the Federal Reserve will refrain from cuttin...Reuters
Fri, Nov 21
Oil extends decline on possible Russia-Ukraine peace deal
By Helen Clark PERTH, Nov 21 (Reuters) - Oil prices extended their decline for a third straight session on Friday as the U.S. pushed for a Russia-Ukraine peace deal that could bring more oil supplies onto the global market, while uncertainty over U.S. interest rate cuts curbed investor risk appet...Reuters
Fri, Nov 21
PRECIOUS-Gold falls as strong US jobs data dims rate-cut prospects
Nov 21 (Reuters) - Gold prices slipped on Friday and were on track for a weekly fall, as a stronger-than-expected U.S. jobs report reinforced expectations that the Federal Reserve will refrain from cutting rates at its December meeting.FUNDAMENTALSSpot gold XAU= was down 0.2% at $4,062.79 per ounce,...Reuters
Fri, Nov 21
PRESS DIGEST-Financial Times - November 21
Nov 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- Starmer expected to approve China’s 'mega' embassy in London - Citigroup names new CFO as part of business overhaul ...Reuters
Fri, Nov 21
GRAINS-Soybeans steady after rally punctured by doubts about Chinese buying
CANBERRA, Nov 21 (Reuters) - U.S. soybean futures rose slightly on Friday at the end of a see-saw week during which Chinese purchases of U.S. beans pushed prices to a 17-month high before doubts about whether China would sustain so rapid a pace of buying punctured the rally. Corn futures inched high...Reuters
Fri, Nov 21
Gold Price Forecast: XAU/USD holds steady below $4,100 as Fed rate cut bets fade
Gold price (XAU/USD) holds steady near $4,080 during the early Asian session on Friday. The upside for the precious metal might be limited as strong US jobs data dims Federal Reserve (Fed) rate cut expectations.
Fxstreet
Fri, Nov 21
Gold tanks to $4,061 as blowout NFP and hawkish Fed spark mass exit from havens
Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.Fxstreet
Fri, Nov 21
Trump signs order to remove tariffs from Brazilian beef, coffee
Tariff removal may lead to refunds for duties collectedBrazil supplies a third of U.S. coffee, key beef supplierRising food prices impact Trump's approval ratings, poll showsBy Ismail Shakil and Marcelo Teixeira NEW YORK, Nov 20 (Reuters) - U.S. President Donald Trump on Thursday removed his ...Reuters
Fri, Nov 21
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 21 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.37/$61.73res $63.42/$64.06/$64.46Palm oil (3rd month)4,102 ringgitres 4,171/4,187/4,213 ringgitWTI(1st month)$58.11/$57.53res $59.18/$59.84Spot gold-sup $4,053/$3,995r...Reuters
Fri, Nov 21
China signs agreement to revamp TAZARA railway in Zambia
TAZARA railway revamp to boost freight volumes significantlyChina deepens ties with Zambia amid U.S. and EU competitionChina is Zambia's top creditor, wants to highlight BRI projectsBy Chris Mfula LUSAKA, Nov 20 (Reuters) - China signed a $1.4 billion agreement with Zambia and Tanzania on Thu...Reuters
Thu, Nov 20
FAA wants new air traffic control data system as part of overhaul
By David ShepardsonWASHINGTON, Nov 20 (Reuters) - The Federal Aviation Administration said on Thursday it wants to adopt a new comprehensive system to overhaul how air traffic controllers receive flight data and move aircraft between facilities.Congress in July approved a $12.5 billion plan to overh...Reuters
Thu, Nov 20
BP's 400-mile Olympic Pipeline system remains shut after leak near Everett, Washington
By Nicole Jao Nov 20 (Reuters) - BP BP.L said its Olympic Pipeline remained shut on Thursday following a leak earlier this month near Everett, Washington."Response crews have begun 24-hour excavation operations and are proceeding with excavation of the pipelines to allow for visual inspection...Reuters
Thu, Nov 20
BP's 400-mile Olympic Pipeline system remains shut after leak near Everett, Washington
Nov 20 (Reuters) - BP's BP.L Olympic Pipeline remained shut following a leak near Everett, Washington, the company said on Thursday.The company did not provide a timeline for restarting the pipeline.Reuters
Thu, Nov 20
Trump inflames California over oil drilling plan for Pacific coast
Plan aligns with Trump's energy dominance-agenda, likely to conflict with California Governor NewsomProposal replaces Biden-era schedule that had fewer salesIndustry groups praise plan, conservationists criticize potential environmental impactBy Nichola Groom Nov 20 (Reuters) - President ...Reuters
Thu, Nov 20
Top Ships Inc. Announces Extension Of Time Charter For Its MR Tanker
Nov 20 (Reuters) - Top Ships Inc TOPS.A:TOP SHIPS INC. ANNOUNCES EXTENSION OF TIME CHARTER FOR ITS MR TANKERTOP SHIPS INC - EXTENDS TIME CHARTER WITH WECO TANKERS BY THREE YEARSTOP SHIPS INC - EXPECTS $20 MILLION REVENUE BACKLOG FROM CHARTER EXTENSIONReuters
Thu, Nov 20
US SEC dismisses case against SolarWinds, top security officer
By Chris Prentice Nov 20 (Reuters) - The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberattack involving the software firm. The landmark case, which S...Reuters
Thu, Nov 20
FAA wants new air traffic control data system as part of overhaul
WASHINGTON, Nov 20 (Reuters) - The Federal Aviation Administration said on Thursday it wants to adopt a new comprehensive system to overhaul how air traffic controllers receive flight data and move aircraft between facilities.Congress has approved $12.5 billion to remake the aging U.S. air traffic c...Reuters
Thu, Nov 20
CIF/FOB Gulf Grain-Soybean basis bids dip amid uncertainty over Chinese demand
CHICAGO, Nov 20 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were mostly steady to weaker on Thursday, as U.S. soybean futures slid on questions about Chinese buyer demand, traders said.Chicago Board of Trade soybean futures Sv1 on Thursday extended a setback from a 17...Reuters
Thu, Nov 20
US Cash Crude-Coastal grades rise on strong export economics
HOUSTON, Nov 20 (Reuters) - Coastal grades edged higher on Thursday, dealers said, as the spread between West Texas Intermediate crude futures and global benchmark Brent widened, which typically makes U.S. grades more attractive to foreign buyers.Offshore grade Mars Sour rose for the fourth straight...Reuters
Thu, Nov 20
LIVESTOCK-'Relentless' fund selling knocks down CME cattle futures
By Tom Polansek CHICAGO, Nov 20 (Reuters) - U.S. cattle futures fell further at the Chicago Mercantile Exchange on Thursday under pressure from fund selling and lower cash prices, traders said.Futures have dropped over the past month after U.S. President Donald Trump said he was working to lower ...Reuters
Thu, Nov 20
