News
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ROI-Saudi crude oil price cut is just enough to stay competitive: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell LAUNCESTON, Australia, Nov 11 (Reuters) - The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a move to build market share a...Reuters
Tue, Nov 11
Soybeans ease after rally, market awaits Chinese purchases
Chicago soybeans fell for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from U.S. officials.Reuters
Tue, Nov 11
China devises plan to keep US military from getting its rare-earth magnets
China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, citing people familiar with the matter.Reuters
Tue, Nov 11
Gold hits near 3-week peak on rate-cut bets, US shutdown optimism
Gold prices rose further on Tuesday to hit their highest level in nearly three weeks, helped by growing expectations of another U.S. Federal Reserve interest rate cut in December and signs of an end to the U.S. government shutdown.Reuters
Tue, Nov 11
China ready to resume exchanges and cooperate with Canada, foreign minister says
BEIJING, Nov 11 (Reuters) - China is willing to resume exchanges with Canada and cooperate in various fields, its foreign minister said to his Canadian counterpart without specifying the sectors, the official Xinhua news agency reported on Tuesday.Foreign Minister Wang Yi said China is willing to st...Reuters
Tue, Nov 11
TABLE-North Sea gas maintenance schedule: revises Rough Storage Facility outage
Nov 11 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Tue, Nov 11
PRECIOUS-Gold hits near 3-week peak on rate cut bets, end to US shutdown
US Senate passes bill to end shutdownGold prices hit highest since October 24Palladium up more than 1%By Brijesh Patel Nov 11 (Reuters) - Gold extended gains to a near three-week high on Tuesday, helped by growing expectations of another U.S. Federal Reserve interest rate cut in December and sign...Reuters
Tue, Nov 11
METALS-Copper climbs on US shutdown deal, supply tightness
SHANGHAI, Nov 11 (Reuters) - Copper prices climbed on Tuesday, as a potential resolution to the U.S. federal government shutdown lifted market sentiment, while fresh production data reinforced expectations of tighter supply next year.The most-traded copper contract SCFcv1 on the Shanghai Futures Exc...Reuters
Tue, Nov 11
Oil retreats on oversupply worries
Nov 11 (Reuters) - Oil prices dipped in early Asian trade on Tuesday, trimming gains from the previous session as oversupply concerns outweighed optimism over a potential resolution to the U.S. government shutdown. Brent crude futures LCOc1 fell 13 cents, or 0.2%, to $63.93 a barrel by 0100 GMT. U.S...Reuters
Tue, Nov 11
LIVESTOCK-CME cattle futures soar in technical bounce; daily limits widen for Tuesday's trade
By Julie Ingwersen CHICAGO, Nov 10 (Reuters) - Feeder cattle futures on the Chicago Mercantile Exchange settled up their daily limit on Monday and benchmark live cattle futures ended nearly limit-up in what analysts said was a largely technical bounce after a steep sell-off last week.Additional s...Reuters
Tue, Nov 11
GRAINS-Soybeans ease after rally, market eyes Chinese purchases
SINGAPORE, Nov 11 (Reuters) - Chicago soybeans slid for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from officials in Washington.Corn price...Reuters
Tue, Nov 11
PRECIOUS-Gold scales near three-week peak on Fed rate cut bets
Nov 11 (Reuters) - Gold extended gains to a near three-week high on Tuesday, as growing expectations of another U.S. Federal Reserve interest rate cut in December lifted demand for the safe-haven asset.FUNDAMENTALSSpot gold XAU= was up 0.4% at $4,131.83 per ounce by 0053 GMT, its highest since Octob...Reuters
Tue, Nov 11
Japan's rice prices on rise again in test for new prime minister
KISARAZU, Japan, Nov 11 (Reuters) - At a farmer's market not far from Tokyo, more than 100 shoppers queued for a chance to get a kilo or so of Japanese rice for 500 yen ($3.32) by carefully heaping as much of the grain into a small wooden box as possible.Reuters
Tue, Nov 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)-res $64.23/$65.21sup $63.70/$63.28/$62.65Palm oil (3rd month)4,152 ringgitsup 4,107/4,080/4,044 ringgitWTI(1st month)-sup $59.65/$59.22res $60.35/$60.78Spot gold$4,14...Reuters
Tue, Nov 11
Gold Price Forecast: XAU/USD holds positive ground above $4,100 as Fed rate cut expectations rise
Gold price (XAU/USD) holds positive ground near $4,120 during the early Asian session on Tuesday. The precious metal edges higher after reaching a two-week high in the previous session, amid prospects for rate cuts by the US Federal Reserve (Fed) in December and a softer US Dollar (USD).Fxstreet
Tue, Nov 11
