Commodities - Asia

Bank of Japan’s Kuroda says ready to do more for economy after emergency lifts

Bank of Japan’s Kuroda says ready to do more for economy after emergency lifts

TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank may take more steps to cushion the economic impact from the...

China to strengthen policy, lower lending rates: PBOC Governor

China to strengthen policy, lower lending rates: PBOC Governor

  BEIJING - China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations...

Japan seeks 112,109 tonnes of food wheat via tender

Japan seeks 112,109 tonnes of food wheat via tender

TOKYO: Japan's Ministry of Agriculture sought 112,109 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender. Japan, the world's sixth-largest...

LME aluminium may retest support at $1,492 this week

LME aluminium may retest support at $1,492 this week

A small wave 4 has just completed, which will be reversed by a downward wave 5. Resistance is at $1,532, a break above which...

New York coffee may test support at $1.02

New York coffee may test support at $1.02

Based on this projection analysis, the contract may eventually fall to $0.9850. A break above $1.0550 could signal a reversal of the downtrend. SINGAPORE: New...

New York cocoa may seek support at $2,310

New York cocoa may seek support at $2,310

The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former support at $2,344 failed to...

CBOT corn may fall to $3.17-1/4

CBOT corn may fall to $3.17-1/4

Strengthening the support is another similar one established by a rising trendline. These supports only triggered a weak bounce which seems to have ended....

CBOT wheat may test resistance at $5.19-3/4

CBOT wheat may test resistance at $5.19-3/4

This trend may be totally reversed, based on the strength of the current rally. The contract has broken a falling trendline and completed the...

New York coffee may fall into $1.02-$1.0420 range

New York coffee may fall into $1.02-$1.0420 range

Coffee failed twice to break this support, but may succeed this time. Resistance is at $1.0770, a break above which could lead to a...

Palm falls on profit-booking ahead of Eid holidays, higher output worries

Palm falls on profit-booking ahead of Eid holidays, higher output worries

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 31 ringgit, or 1.42pc, to 2,151 ringgit ($494.26) by...

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