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NY sugar to rise to 19.77 cents SINGAPORE: New York March sugar may have completed a retracement from the Oct. 18 high of 20.16 cents and is expected to retest a resistance at 19.77 cents per lb.A long-shadowed hammer formed on the daily candlestick chart on Tuesday. It could be a reliable reversal pattern as it appeared near a support at 19.18 cents, the 61.8 percent Fibonacci retracement on the downtrend from the Jan. 2 high of 20.72 cents to the July 16 low of 16.70 cents.This trend has been once reversed more than 76.4 percent, chances are it may be totally reversed.Support is at 19.25 cents, a break below which may lead to a further loss towards 18.71 cents, the 50 percent retracement.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 ...


Australian scientists strike gold in gum trees SYDNEY: Australian researchers have found tiny particles of gold hidden inside the leaves of eucalyptus trees, in a discovery they say could help prospectors discover new deposits of the precious metal.Scientists from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) made the find in the resource-rich Kalgoorlie region of Western Australia, which was the site of a major gold rush in the late 1800s.Geochemist Mel Lintern said it appeared the trees sucked up the gold ...

Vietnam coffee prices hit 3-year low before harvest peak HANOI: Vietnam's domestic coffee prices extended their downward trend in recent weeks, edging down to 33,000-33,200 dong ($1.57) per kg on Wednesday, the lowest since late October 2010, traders said, ahead of the peak of a bumper harvest.Prices in Daklak, Vietnam's top growing province, were the lowest since Oct. 27, 2010. They have fallen about 9 percent since the new crop year started on Oct. 1, based on provincial data.Most coffee farmers in the world's ...

South Korea's KOCOPIA seeks 55,000 tonnes corn for Feb SEOUL: South Korea's Korea Corn Processing Industry Association (KOCOPIA) is seeking 55,000 tonnes of worldwide origin corn for February arrival via a tender, traders said on Wednesday.The tender will close at 5 p.m. (0800 GMT) on Wednesday, and the corn products should arrive at the ports of Incheon and Kunsan by Feb.15, 2014, they added. Copyright Reuters, 2013

Shanghai copper targets 53,260 yuan SINGAPORE: A bullish target at 53,260 yuan has been established for Shanghai copper as its rebound from the Sept. 17 low of 50,700 yuan seems to have extended.The rebound is driven by a wave c, which is capable of travelling to 53,260 yuan, the 100 percent projection level.Copper is testing resistance at 52,500 yuan, the 61.8 percent level and may break it on Wednesday. A rise above 52,670 yuan will confirm the break.Support is at ...

Palm oil may retrace to 2,406 ringgit SINGAPORE: Malaysian palm oil still faces a resistance at 2,449 ringgit per tonne, and may retrace to 2,406 ringgit.The resistance is provided by the 50 percent Fibonacci projection level of an upward wave C which started at the Sept. 26 low of 2,267 ringgit.Palm oil has failed to break the resistance twice and may accumulate its bullish strength by retracing to 2,406 ringgit, the 38.2 percent level.A surge above 2,460 ringgit will confirm a valid ...

London copper eases from near one-month top SINGAPORE: London copper slipped on Wednesday from near one-month highs as traders booked profits after a tepid US labour report reinforced the metal's weak fundamental outlook.The first jobs report since the partial US government shutdown showed US employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy that will likely add to the Federal Reserve's caution in deciding when to trim its monthly bond purchases.While the prospect of ...


 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln