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Palm oil to end rebound around 2,142 ringgit SINGAPORE: Palm oil may end its current rebound around a resistance at 2,142 ringgit per tonne before starting a correction towards 2,055 ringgit. The rebound has adopted a zigzag mode, which consists of three waves, with the first and the third wave roughly sharing the same length. A Fibonacci retracement on the fall from the June 25 high of 2,511 ringgit to the Sept. 2 low of 1,914 ringgit reveals a strong resistance at 2,142 ringgit- the 38.2 percent level, which may trigger a correction towards the 23.6 percent level at 2,055 ringgit. A break above 2,142 ringgit will open the way towards 2,213 ringgit, the 50 percent level. 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 ...

Gold inches up for 3rd day; Fed eyed for rate outlook SINGAPORE: Gold inched up for a third straight session on Wednesday as speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the US central bank concludes its policy meet later in the day.The Fed is expected to make a statement on policy decision at 1800 GMT, with markets awaiting hints on when the Fed would increase rates. Any increase in interest rates would dim the appeal of non-interest-bearing ...

EU wheat rises after news Egypt bought French wheat PARIS: European wheat edged higher on Tuesday, helped by Egypt's purchase of French wheat in its latest tender.By 1457 GMT November wheat on the Paris-based Euronext futures was 0.50 euro or 0.3 percent higher at 162.00 euros a tonne.The contract had been in negative territory before the results of the tender, reacting to a fall on US wheat markets to contract lows.Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday ...

Brazil raises 2014/15 coffee crop estimate to 45.14mn bags SAO PAULO: Brazil, the world's largest exporter of coffee, raised its estimate of the recently harvested 2014/2015 crop after good weather boosted output of the country's robusta crop, the Agriculture Ministry said on Tuesday.The overall coffee crop that ended harvest in past weeks is estimated at 45.14 million 60-kg bags, up from the 44.57 million bags forecast in May, the ministry's crop supply agency Conab said in its third estimate of the crop.The increase in ...

Sugar steadies above more than 4-year low LONDON: ICE raw sugar steadied on Tuesday above the previous session's more than four-year low as ample supplies and large global stocks weighed.Arabica coffee edged lower, while ICE cocoa held above a three-month low.Dealers said raw sugar futures continued to look vulnerable to further losses ahead of the October contract expiry due to the lack of demand.ICE October raw sugar futures edged up 0.07 cents, or 0.5 percent, to 13.74 cents a lb at 1313 ...

China signs agreements to buy 4.8mn tonnes of US soybeans CHICAGO: A Chinese trade delegation signed agreements with U.S. exporters to purchase 4.8 million tonnes of soybeans valued at $2.3 billion following a weeklong industry tour, the U.S. Soybean Export Council said on Tuesday.The 21 purchase agreements were signed late Monday during a global trade conference sponsored by the council in Milwaukee, Wisconsin.These routine buying missions occur yearly, reflecting China's huge demand for oilseeds and grains globally, traders said.China, the world's largest soybean buyer, purchased ...

Gold steadies before Fed meeting, US rate outlook eyed LONDON: Gold steadied on Tuesday ahead of a Federal Reserve policy meeting, remaining near an eight-month low, with investors unwilling to place big bets as they awaited clues on the timing of the first U.S. rate rise in eight years.The Fed will begin its two-day meeting later in the day, with an announcement scheduled for Wednesday. Some analysts believe the Fed could signal it may begin raising rates sooner than mid-2015, the current consensus target.Any ...


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln