Daily FNArena News

With tongue planted firmly in cheek, Stephen “Grizzly” Roach emerges from his den to berate investors who suddenly believe the commodity boom is back on.

News the Russian Central Bank is to buy yen to diversify its foreign reserves is likely to be a positive for the Japanese currency.

Soon-to-be uranium producer Paladin Resources has run hard this month on fresh uranium price increases. But don’t discount operational risk, says UBS.

SVB Financial Group and Credit Suisse expects further US dollar strength in coming months as market conditions remain supportive.

GFMS Metals Consulting is forecasting India will export as much as 11 million tonnes of steel products by 2011 while enjoying significant cost advantages over Chinese producers.

There are fears AWB may have forward sale commitments it will be unable to fill, forcing it buy in wheat at inflated prices. AWB will not divulge.

National Australia Bank sees a 70% chance the Reserve Bank will lift interest rates again next month as it continues to adopt a hawkish stance against inflation.

Carter Holt Harvey’s foray into the US market leads to reduced takeover appeal for Amcor, market sources say.

Zinc stockpiles are dangerously low, and demand continues to grow from China’s galvanised steel industry.

Steel prices are settling lower in Japan due to Chinese export pressure, but a soft landing is on the cards and demand remains positive.