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Spot gold to retrace to $1,336 before a rise in four weeks SINGAPORE: Spot gold may retrace to $1,336 per ounce and then rise towards its Aug. 28 high of $1,433.31 in four weeks.A temporary top has formed at $1,433.31, due to a resistance at $1,430, which is provided by the upper channel line of a rising channel.The metal seems to be falling towards the lower channel line, which is around $1,336.It is no coincidence that the top formed at $1,433.31, as it followed the completion of a three-wave cycle around a key resistance at $1,440, the 100 percent Fibonacci projection level of an upward wave C, which has been driving gold from the Aug. 7 low of $1,272.64.However, this three-wave cycle may extend into a five-wave cycle, with the current wave D progressing towards the lower channel line. The final upward wave E will then take over to push the price towards the $1,433.31.If the presumed wave D travels to $1,320, ...

London cocoa to drop to 1,430 pounds in four weeks SINGAPORE: London second month cocoa may retrace to 1,430 pounds per tonne over the next four weeks, as indicated by its wave pattern, a wedge and a Fibonacci projection analysis.The rebound from the Dec. 12, 2011 low of 1,287 pounds is approaching an end. It is a three-wave cycle, consisting of three waves labelled a, b, c.This cycle has been confined within a wedge, the upper trendline of which passes through a resistance at 1,669 ...

Indian sugar edges up on demand hopes; supply weighs MUMBAI: Indian sugar futures edged higher on Monday on hopes festivals would lift local demand and a weak rupee might boost overseas sales, though ample supplies capped the upside.At 0841 GMT, the key October contract was up 0.17 percent at 3,028 rupees ($45.83) per 100 kg on the National Commodity and Derivatives Exchange."Retail and wholesale demand is likely to improve in the coming days due to the Ganesh festival," said a Mumbai-based dealer."Mills can clinch ...

China says to gradually increase corn imports BEIJING: China's Agriculture Minister said the world's second-largest corn consumer will gradually boost imports of the grain to meet growing demand."The growing consumption of meat, eggs and dairy has boosted demand for the feed grain ... the expansion of the corn processing industry also needs more corn."His comments contrast with those in a strongly worded commentary last year, in which Han said China should remain self-sufficient in corn and the grain should not follow the ...

Gold falls as Syria tensions ease; silver jumps on short-covering SINGAPORE: Gold extended losses to a third session on Monday, falling as much as 1 percent as US President Barack Obama chose to seek Congressional approval before initiating any military action against Syria.But silver rose 3.7 percent to $24.34 in late afternoon trading as investors covered short positions. That, along with short-covering in bullion, helped gold pare some of its losses.Spot gold was down 0.1 percent at $1,394.30 an ounce by 0636 GMT, after earlier ...

Vietnam offers new coffee crop, sugar premiums may rise SINGAPORE: Sellers in top robusta producer Vietnam may offer more beans from the new crop, expected to be abundant, while Thai sugar premiums could rise as millers offset weakness in New York futures, dealers said on Monday.Among other soft commodities, benchmark Tokyo rubber futures could trade in a narrow range this week, while cocoa butter enjoys strong demand from chocolate makers, keeping ratios at a multi-year peak.The yet-to-be harvested Vietnamese beans are being offered at ...

London copper climbs more than 2pc as China outlook brightens SINGAPORE: London copper rallied more than 2 percent on Monday after data showed China's manufacturing sector expanding at the fastest pace in more than a year, burnishing the near term outlook for metals demand.Surveys on China's factory sector raised hopes that a rapid economic slowdown in the world's second-largest economy may have been arrested. China is the world's top consumer of metals, accounting for around 40 percent of refined copper demand.A private sector report showed ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

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