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CBOT soybeans to fall to $14.63-3/4 SINGAPORE: CBOT soybeans May contract could have peaked around a resistance at $15.30 per bushel and may drop to $14.63-3/4.The resistance is provided by the 176.4 percent Fibonacci projection level of a wave C, which has ended, as its five component waves had unfolded.The support at $15.04-1/2, the 161.8 percent projection level, has been broken. The next support will be at $14.63-3/4, the 138.2 percent level.Even though it is unusual for the 176.4 percent projection level to serve as the peak of a wave C, the structure of the wave 5 does provide a very convincing reversal signal.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

CBOT corn to drop more to $4.79 SINGAPORE: CBOT May corn is expected to fall further to $4.79 per barrel as it has broken below support at $4.94-1/4.Support was provided by the 23.6 percent Fibonacci retracement on the rise from the Jan. 10 low $4.14-1/2 to the April 9 high of $5.19. The next support will be at $4.79, the 38.2 percent retracement.The rebound from the April 21 low of $4.85-1/2 has been classified as a pullback towards a trendline rising from ...

Vietnam rice prices gain 2-3pc as harvest ends, Manila tender eyed HANOI: Prices for rice exports from Vietnam have risen 2-3 percent in the last few days as harvesting comes to an end and as two state-owned companies look set to win the Philippines' biggest order for the grain in three years. Climbing prices in Vietnam, the world's No.2 exporter after India, could boost demand for shipments from rival exporter Thailand, which is typically seen as offering better quality rice. Harvesting of the winter-spring crop, mainly ...

Palm oil up for 2nd day as demand hopes underpin prices SINGAPORE: Malaysian palm oil futures gained more than 1 percent on Tuesday, rising for a second consecutive session as expectations of higher demand and a weaker ringgit drive prices higher. Demand for palm oil is likely to rebound in the days ahead as major importers India, Pakistan and the Middle East restock ahead of the Muslim holy month of Ramadan in late June, followed by Eid al-Fitr celebrations in July. "The coverage for Ramadan has ...

Copper dips as LME reopens, nickel at 14-month top SINGAPORE: Copper futures on the London Metal Exchange slipped on Tuesday as the bourse reopened after a long holiday weekend, still pressured by worries over Chinese demand amid a slowdown in the world's top user of the industrial metal. Nickel jumped nearly 2 percent to its highest level in more than 14 months, supported by supply risks stemming from an Indonesian mineral ore export ban and continuing tensions between Ukraine and major nickel producer Russia. ...

Nickel hits 14 month peak on tight supply; copper falls SINGAPORE: Nickel futures hit their highest in more than 14 months on Tuesday as an Indonesian ban on mineral ore exports kept supplies tight, with tensions in Ukraine also posing a risk to flows from key producer Russia. Nickel has gained more than 30 percent this year, outperforming other base metals including copper, and analysts say the rally is unlikely to lose steam anytime soon, with prices well on track to test $20,000 a tonne ...

Gold extends losses to 4th day as fund outflows hit sentiment SINGAPORE: Gold extended losses into a fourth session on Tuesday and hovered near its lowest in 2-1/2 weeks on further outflows from bullion-backed funds and stronger equities.Geopolitical tensions in Ukraine failed to lift gold's safe-haven appeal, underscoring bearish sentiment in the market.Spot gold fell 0.2 percent to $1,286.65 an ounce by 0312 GMT. The metal declined to $1,281.40 the day before - its lowest since April 3."There's no doubt that the technical picture in gold ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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Banking Review 2014

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