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NY cocoa to drop to $2,891 SINGAPORE: New York March cocoa may drop to $2,891 per tonne, as it has failed to break a resistance at $2,918.The resistance is provided by the 23.6 percent Fibonacci retracement on the rise from the Nov. 13 low of $2,780 to the Dec. 10 high of $2,960. Cocoa's failure to overcome this barrier signals a possible completion of the rebound triggered by the support around $2,849, the 61.8 percent level.A drop below $2,891 will be extended to $2,870, the 50 percent level, while a break above $2,918 could open the way towards $2,960.Wang Tao is a Reuters market analyst for commodities and energy technicals. 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 ...

India's November coal imports at 3-month high NEW DELHI: India's coal imports rose 7 percent to a three-month high of 16.08 million tonnes in November from a year ago, provisional data from online market operator mjunction showed, as falling prices spurred power companies to continue stocking up.Prices of power-generating thermal coal at Australia's Newcastle port have dipped 27 percent this year and are heading for a fourth straight annual fall due to weak demand in China.South African coal too is getting cheaper ...

Gold steadies below $1,200 ahead of Fed statement LONDON: Gold steadied below $1,200 an ounce on Wednesday after a volatile previous session as traders awaited the outcome of the U.S. Federal Reserve's last policy meeting of the year, when it may signal how soon it will raise interest rates.Investors were also eyeing Russia after the rouble plunged more than 11 percent against the dollar on Tuesday despite a hefty interest rate hike by the country's central bank.Spot gold was little changed at $1,196.60 ...

Palm ends three-day losing streak on technical rebound KUALA LUMPUR: Malaysian palm oil futures ended a three-day losing streak on Wednesday on a technical rebound although persistent weakness in crude oil capped the gains, with investors nervous that a financial crisis in Russia may curb appetite for commodities.Brent crude oil traded below $60 a barrel, near 5-1/2-year lows, as major oil producers signalled they would maintain output despite a supply glut and faltering demand in Russia and Europe.Crude prices, which determine palm oil's ...

Copper drops on China output increase, oil's slide LONDON/SYDNEY: Copper fell on Wednesday, under pressure from a rise in output in top consumer China and as investors continued to exit commodities, prompted by oil prices plunging to 5-1/2-year lows.Production of refined copper in China, which accounts for some 45 percent of global demand, rose 3.1 percent from the previous month in November, hitting a record for the fourth straight month.In the wider markets, fears of a full-blown currency crisis in Russia and oil's ...

Gold jumps 2pc as dollar slides, investors bolt for safety LONDON: Gold jumped 2 percent on Tuesday after its biggest one-day drop this year, as the dollar slid and investors sought safe havens as oil plunged and an emergency rate hike by Russia failed to stabilise the rouble.The dollar index fell 0.7 percent, its biggest one-day drop since mid-October, as turmoil in global foreign exchange markets drove investors to the safety of the yen and the Swiss franc.Spot gold was up 1.6 percent at $1,211.60 ...

Palm down more on crude oil slide KUALA LUMPUR: Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary.Brent crude fell as low as $59.02, its weakest level since May 2009, while US crude was down $1.60 at $54.31 a barrel, extending a 6-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

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