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Thai baht/US dollar weaker on Wednesday

The Thai baht FX_IDC:USDTHB weakened against the U.S. dollar on Wednesday.At 0207 GMT, the baht was 0.24% lower at 33.31 versus the dollar, after trading in a range of 33.245 to 33.360. It ended the previous session at 33.23 per dollar, as per LSEG data.For a more detailed report on emerging marke…

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Forex
NEWS reuters

Palm oil may test support at 4,513 ringgit

Palm oil (FCPOc3) may test a support at 4,513 ringgit per metric ton, a break below which could trigger a fall into the 4,466-4,485 ringgit range.The market is riding a wave c, the third wave of a correction from 4,710 ringgit. This wave c is capable of travelling into a wide range of 4,440-4,513 r…

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Futures
reuters

Uber-backed Lime raises $167 million in US IPO

Lime (LIME.O), backed by Uber NYSE:UBER, raised $167 million in its U.S. initial public offering, joining a growing list of companies tapping a revived market for new listings.The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 per share, the midpoint of its marketed ra…

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ETFsStocksUS
reuters

Brent oil may test resistance at $74.14

Brent oil ICEEUR:BRN1! may test a resistance at $74.14 per barrel, as it has climbed above a neutral range of $71.91 to $73.20.The range serves as a base for the market to bounce further. Indeed, a five-wave cycle from $98.06 might be completing. The consolidation in the range is considered the fir…

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Futures

Chicago corn, wheat climb on USDA data; soybeans ease

Chicago corn futures edged higher on Wednesday, supported by a U.S. Department of Agriculture estimate of tighter U.S. stocks, while wheat rose after the agency pegged U.S. plantings and quarterly stocks below trade expectations.Soybeans slipped as the USDA estimated larger stocks and a jump in U.S…

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Futures
NEWS reuters

China's factory activity completes strongest quarter since late 2020, private PMI shows

China's manufacturing sector expanded for a seventh straight month in June, completing its strongest quarter since late 2020 as output and new orders continued to rise, a business survey showed on Wednesday.The RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P…

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Economy

Commodities intraday targets/key levels

* Prices are delayed.** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are exclusively published on the Workspace platform - a London Stock Exchange product.No information in this analysis should be considered business, fina…

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Futures