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CBOT soybeans face resistance at $8.88-1/2 SINGAPORE: CBOT soybeans November contract faces resistance at $8.88-1/2 per bushel, a break above which could lead to a gain to the next resistance at $9.09.These resistances are identified respectively as the 23.6 percent and the 38.2 percent Fibonacci projection levels on the fall from the Aug. 10 high of $9.96-1/2 to the Aug. 24 low of $8.55.The bounce from $8.55 consists of three waves, with the current wave c likely to travel a similar distance as the first wave labeled a, to arrive at $8.99. Theoretically, soybeans will have a better chance of rising to $9.09 if it climbs to $8.99.Support is at $8.75-1/2, the 14.6 percent level, a break below which could lead to a loss to $8.55.Copyright Reuters, 2015


Soybeans climb as China fears wane; US weather eyed CHICAGO: Benchmark US soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on outlooks for dry weather as the US Midwest growing season winds down, traders said.Corn clung to modest gains on better-than-expected weekly US export sales and spillover strength from outside markets, including crude oil.But wheat fell in choppy trade on reminders of strong global competition for export business amid ample world supplies, and ...

Gold down for 4th day as US data boosts stocks, dollar NEW YORK/LONDON: Gold eased on Thursday, headed for its biggest weekly rout since March, as upbeat U.S. growth and jobs data drove up stocks and the dollar, though uncertainty over the timing of a U.S. rate rise held losses in check.Spot gold was down 0.2 percent at $1,122.86 an ounce at 1829 GMT (2:29 p.m. EST) after seeing its biggest down day in five weeks on Wednesday. U.S. gold futures for December delivery finished down ...

Raw sugar soars 5 pct as Brazilian real, commodity markets rebound NEW YORK/LONDON: Benchmark raw sugar futures rallied the most in two years on Thursday, surging 5 percent on a recovering real currency in top-producer Brazil, rains in the country's cane belt and a broad-based commodities rally.Arabica coffee on ICE Futures U.S. also gained, boosted by the real and gains across the commodities complex as well as a bullish crop forecast, as cocoa rose.A U.S. Federal Reserve policymaker said the case for a September interest rate ...

Spot gold to test support at $1,110 SINGAPORE: Spot gold may test a support at $1,110 per ounce, with a good chance of breaking below this level and falling more towards the next support at $1,077.The support is provided by the 14.6 percent Fibonacci retracement on the fall from the Jan. 22 high of $1,306.20 to the July 24 low of $1,077, working as the last barrier towards $1,077.The depth of the fall from the Aug. 21 high of $1,168.40 signals a ...

LME aluminium to fall towards $1,504 SINGAPORE: LME aluminium is expected to fall towards a support at $1,504 per tonne, as it may have completed a bounce caused by this level.The support is provided by the 200 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of $1,729.50. This wave has been travelling within a falling channel, and the lower channel suggests a target at $1,487, the 214.6 percent level.A further gain from the ...

Shanghai copper to retest support at 38,110 yuan SINGAPORE: Shanghai copper is expected to end its current bounce around a resistance at 39,040 yuan before retesting a support at 38,110 yuan per tonne.The bounce from the Aug. 24 low of 37,530 yuan has completed around a resistance at 39,390 yuan, the 76.4 percent Fibonacci retracement on the fall from the Aug. 13 high of 39,970 yuan to 37,530 yuan.Even though the metal has climbed above 38,750 yuan, the 50 percent retracement, it is ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln