Daily FNArena News

The RBA decided that the time it is taking for Europe to resolve its issues provides a threat to economic activity, and hence the central bank took advantage of some room to move.

The RBA decided today to reduce its cash rate by 25bps to 4.25%.

Technical analysts provide their latest views on gold.

A glance through the latest expert views and predictions about commodities with mixed views on the zinc and aluminium markets, some support for steam coal and a positive fertiliser market outlook.

Technical analyst Robert Clayton of AliomFX suggests a break of the four and a half year USD/JPY downtrend would provide a bullish scenario for the USD.

With buyers drying up by the end of November, indicative medium and long term uranium edged lower.

As Algae.Tec’s carbon capture and biofuel production technology moves towards production at its Australian showcase facility, a Sri Lankan company has signed Algae.Tec’s first commercial deal in Asia.

JP Morgan has initiated coverage on iron ore play Grange Resources with an Overweight rating, bringing to five the total of positive views on the stock among brokers in the FNArena database.

The Chartist sees plenty of upside potential for Seek.

While permit approvals offer some risk, high quality output and M&A potential lead Citi to initiate coverage on coal junior Bathurst Resources with a Buy rating.