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CBOT soybeans to drop towards $12.63-1/2 SINGAPORE: CBOT soybeans November may rebound moderately to $12.89-3/4 per bushel before dropping towards its Oct. 1 low of $12.63-1/2.A rebound from this low has completed, as indicated by a Fibonacci projection analysis that its two component waves - the wave a and wave c are roughly equal in length.Around the Oct. 7 high of $13.05, a double-top has formed and has been confirmed after its neckline at $12.88-1/2 was broken. This pattern points a target below $12.63-1/2.The rebound from $12.81-1/4 could be forming the right shoulder of a heads-and-shoulders, as a result, it could be brief and will be reversed on Wednesday.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

Gold steady on US budget gridlock, debt ceiling fears SINGAPORE: Gold was stuck in a tight range on Wednesday as the US government shutdown dragged on for a second week, but the metal was supported by increasing fears the deadlock could spill over to talks about raising the US debt ceiling.Gold has been drifting between $1,300 and $1,330 an ounce in the last five sessions, with some safe-haven bids providing support despite a lack of US economic data or a strong rebound in physical ...

Palm oil still targets 2,401 ringgit SINGAPORE: A bullish target at 2,401 ringgit per tonne remains unchanged for Malaysian palm oil as indicated by an inverted head-and-shoulders and a Fibonacci retracement analysis.The pattern has been confirmed, after palm oil broke above the Oct. 2 high of 2,334 ringgit. Based on the price difference between the head and the neckline about 2,334 ringgit, palm oil may climb to 2,401 ringgit, the 61.8 percent Fibonacci retracement on the fall to 2,265 ringgit from ...

Bangladesh tea prices dip for third week DHAKA: Tea prices in Bangladesh extended losses for the third week at a weekly auction on Tuesday on higher supplies, although good demand from local buyers capped the downside and sales rose ahead of Eid holidays, brokers said.The average price of Bangladeshi tea was 181.60 Bangladesh taka ($2.34) per kg against 183.45 taka in the previous auction when prices dropped nearly 2 percent, said an official of National Brokers Limited.More than 2.3 million kg of ...

India sugar exports to get a lift from overseas refining capacity growth NEW DELHI: A jump in sugar refining capacity in Asia and Africa is set to help India boost exports of the raw variety of the sweetener and reduce the world No. 2 producer's bulging stocks.Capacity for turning raw sugar into the white variety in countries such as Sri Lanka, Iraq, Yemen, Egypt and Bahrain, is expected to almost double from current levels of 5.6 million tonnes annually in coming years, industry executives said.India, which has ...

Philippines sees excess rice at 2.2mn tonnes at year end MANILA: The Philippines will end the year with excess rice of 2.236 million tonnes, enough to cover its requirements for more than two months, but has yet to decide on import plans for next year, its farm minister said on Wednesday.The projected surplus takes into account a scaled back output forecast for this year, Agriculture Secretary Proceso Alcala said in a statement."The excess totaling 2.236 million metric tons will serve as buffer stock calculated to ...

Investors receive profits in Nasdaq names NEW YORK: Shares of some of the Nasdaq's strongest performers this year tumbled on Tuesday as investors took profits in high-flying names amid growing uncertainty over the impasse in Washington.Companies in the technology sector were the hardest hit, with Yahoo Inc, TripAdvisor Inc and Netflix Inc all among the day's biggest losers, but investor favorite Tesla Motor Inc also dropped in heavy volume. The Nasdaq Composite Index was trading down 1.3 percent midday.Investor unease has ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln