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LME aluminium to revisit high of $2,054.75 SINGAPORE: LME aluminium is expected to revisit its July 22 high of $2,054.75 per tonne, as it could have completed a correction from this level.The correction has been triggered by resistance at $2,062, the 138.2 percent Fibonacci projection level of an upward wave c that developed from the June 12 low of $1,836. Bulls could have accumulated enough momentum to retest this resistance. A further drop from the current level could be limited to support at $1,999, the 100 percent projection level. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014

China gold demand slumps 19.4pc on year, but output rises SHANGHAI: China's gold demand slumped 19.4 percent in the first six months of 2014 from year ago, the China Gold Association said in a statement on Thursday, but production rose strongly in the same period as miners ramped up output to protect profit margins. Gold demand from China, the world's largest consumer, has slackened this year as a 28 percent tumble in 2013 prices, which was the first annual decline in 13 years, dented consumer ...

London copper hits one week top as China's growth revives SYDNEY: London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. China is the world's biggest copper user, but slowing growth in manufacturing and property has dragged on the demand outlook for the metal while a surplus is expected to seep ...

Shanghai copper may revisit high of 51,580 yuan SINGAPORE: Shanghai copper may rise to its July 4 high of 51,580 yuan per tonne, as it has pierced above a resistance at 50,490 yuan.The resistance is provided by the 23.6 percent Fibonacci retracement on the rise from the June 9 low of 46,940 yuan to the July 21 low of 49,190 yuan.Copper's strong recovery from this low suggest a resumption of the uptrend. The previous assumption on the reversal of the uptrend seems to ...

Tokyo futures slip on higher yen, investors focus on China data TOKYO: Tokyo rubber futures slipped on Wednesday as the yen moved higher against the U.S. dollar and as investors were reluctant to lock in fresh positions ahead of HSBC's PMI data for China, dealers said.The Tokyo Commodity Exchange rubber contract for December delivery dropped 0.7 yen, or 0.3 percent, to settle at 201.6 yen ($1.99) per kg, erasing earlier gains."The market came under pressure after the yen strengthened a bit in the afternoon trade," Toshitaka ...

Palm falls to more than 11-month low; global oilseed supply weighs KUALA LUMPUR: Malaysian palm oil futures slid to their lowest in more than 11 months on Wednesday, dragged by fears of abundant global oilseed supplies, and as estimates for an uptick in palm oil output this month turned investors wary.The benchmark October contract on the Bursa Malaysia Derivatives Exchange fell to 2,247 ringgit in late trade, a level last seen on Aug. 12, 2013, before settling at 2,254 ringgit ($712) per tonne by the day's ...

Gold steadies as buoyant equities balance Ukraine tensions LONDON: Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings.Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening support for any price rally.Other than seasonality, the possibility of a further drop in prices due to an improving U.S. economic outlook and stronger dollar is also ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln