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NY cocoa to rebound to $2,085 before falling again SINGAPORE: New York May cocoa is expected to rebound to $2,085 per tonne, before falling again towards $2,043.A small wave iii has completed at the Monday low of $2,053, and a Fibonacci retracement analysis reveals a target at $2,085, the 38.2 percent level for the current wave iv.A downward wave v will completely reverse the wave iv, to drive cocoa down towards $2,043, the 138.2 percent Fibonacci projection level of a big wave 3 which started at the Feb. 7 high of $2,260.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, 2013


Vietnam coffee prices gain, March loading seen up-trade HANOI: Robusta prices on Vietnam's domestic market have gained more than 2 percent since last week to 43,000-44,500 dong ($2.05-$2.12) per kg on Tuesday, the highest in more than nine months, as concerns over dry weather tightened supply, traders said.Coffee exports from Vietnam, the world's top robusta producer, could rise to 130,000-150,000 tonnes (2.17 million to 2.5 million 60-kg bags) in March, from an estimated 100,000 tonnes shipped in the holiday-shortened February, traders said.Domestic prices ...

CBOT soybeans face resistance at $14.67-3/4 SINGAPORE: CBOT May soybeans face a resistance at $14.67-3/4 per bushel, a break above which will open the way towards $14.97.The resistance is provided by the 61.8 percent Fibonacci retracement on the fall from $14.97 to $14.20-1/2, only a break above which could confirm the progress of a wave 5 towards the Feb. 22 high of $14.97.The break will be valid if soybeans could rise to $14.72 or stand firm above $14.67.Signals will be neutral ...

Canada to open oil exploration lands in remote Arctic islands   CALGARY: Canada invited oil and gas companies on Monday to nominate drilling lands in the country's Arctic archipelago for inclusion in a future property auction and said one small oil field that was discovered in the tax-dollar-fueled exploration rush that swept the region 40 years ago will also be up for grabs.   The government's nomination process asks oil companies to select blocks of land they would like to see posted for bidding in a future auction.   The ...

Sudan expects 20 more firms to start producing gold this year   KHARTOUM: Sudan expects 20 more companies to start producing gold this year and will allocate more land for investors for mineral exploration, its mining minister told state news agency SUNA on Monday.   Sudan has licensed almost 100 companies to search and produce gold as it seeks to boost output of minerals to gain new sources of state income and of foreign currency needed to fund imports.   Gold has now become Sudan's biggest export product, partially replacing oil ...

Gold eases as ETF holdings fall again, US cuts eyed   NEW YORK: Gold prices eased on Monday as demand waned for gold-backed exchange-traded funds and investors continued to digest the effect of wide-ranging US government spending cuts on bullion.   A lack of major US economic indicators and a flat US equities market failed to provide gold with a new catalyst, leading to quiet trading.   Some investors remained on the sidelines, with President Barack Obama and congressional Republicans still apart on a deal to avert automatic US budget ...

Wheat, new-crop corn hit 8-month lows on improved moisture   CHICAGO: US wheat and new-crop corn futures sank to eight-month lows on Monday as melting snow eased concerns about persistent dryness in key growing areas of the Great Plains.   Dry weather linked to the worst US drought in more than half a century has stressed hard red winter wheat since the crop was planted last fall and raised concerns about corn planting this spring.   However, warming temperatures in the drought-stricken Plains are melting piles of snow that ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln