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Wheat eases, but stays near 6-month peak on Russian supply worries SYDNEY: US wheat futures fell on Thursday, edging down for the first time in six sessions, although losses were checked by persistent concerns over supply from key exporter Russia.Corn fell after firming more than 0.5 percent in the previous session, while soybeans also slipped.Chicago Board of Trade March wheat futures dipped 0.27 percent to $6.46-3/4 a bushel by 0230 GMT, after ending up 4 percent on Wednesday when prices hit a six-month top of $6.50-3/4 a bushel."Russia wheat exports, the possible lack of them really, remain the theme. Physical premiums for US wheat remain firm at port so there's no obvious sign yet that prices have overshot," said Tobin Gorey, director of agriculture strategy, Commonwealth Bank of Australia in a note to clients."Other observers are sceptical of the rally's foundations. We're not, we do think though that longevity is an area for debate."Wheat has surged more than 11 percent over ...

Gold gains as Fed takes ‘patient’ stance on rate hike SINGAPORE: Gold climbed on Thursday after the US Federal Reserve said it would take a "patient" approach in deciding when to raise interest rates even as the US economy strengthens. Fed Chair Janet Yellen said the Fed was unlikely to hike rates for "at least a couple of meetings", meaning April of next year at the earliest. A hike in US interest rates dims the appeal of non-interest bearing assets such as gold and also ...

LME copper to retest support at $6,272 SINGAPORE: LME copper is expected to retest support at $6,272 per tonne as it could have resumed its downtrend. Support is identified as the 86.4 percent Fibonacci retracement on the rebound from the Dec. 1 low of $6,230.75. The rebound has been reversed to such an extent that it could be hard to extend. The moderate bounce triggered by the support may end around resistance at $6,417, the 38.2 percent level, a break above which ...

LME aluminium to test resistance at $1,934 SINGAPORE: LME aluminium may test a resistance at $1,934 per tonne, as it has failed to break support at $1,900. The support and the resistance are identified respectively as the 76.4 and 61.8 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle that developed from the Sept. 2 high of $2,119. A break above $1,934 could lead to a further gain to $1,962, the 50 percent level, while ...

Shanghai copper may end rebound around 45,850 yuan SINGAPORE: Shanghai copper third month may end its current weak rebound from 44,690 yuan per tonne around a resistance at 45,850 yuan, as indicated by its wave pattern and a Fibonacci projection analysis.The metal is riding on a wave c, the third wave of a three-wave cycle that developed from the Nov. 24 high of 47,970 yuan. This wave has been disrupted by a support at 44,770 yuan, the 50 percent projection level, which has ...

Palm oil to test resistance at 2,178 ringgit SINGAPORE: Palm oil is expected to test resistance at 2,178 ringgit per tonne, a break above which will lead to a further gain to 2,216 ringgit. Resistance is provided by the 14.6 Fibonacci projection level of a presumed wave C that developed from the Dec. 12 high of 2,216 ringgit. A break above this barrier could signal the extension of the preceding rebound from the Dec. 1 low of 2,083 ringgit, towards 2,216 ringgit. Support ...

Iron ore at 5-1/2 year low, China buyers wary of tax loophole closure BEIJING: Iron ore prices slipped to fresh 5-1/2 year-lows overnight, with Chinese buyers staying away amid hopes prices would drop further especially if Beijing shuts a controversial steel export tax loophole in the new year.Benchmark 62 percent grade iron ore for immediate delivery to China fell 0.3 percent overnight to $67.90 a tonne, lowest since June 2009, data from the Steel Index shows.Steel rebar futures in Shanghai were steady on Thursday morning, down 0.1 percent ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln