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European vegoils-Palm oil edges higher, trade thin due to Malaysia holiday LONDON: European palm oil prices were lifted by a weaker dollar on Wednesday, but the market remained subdued as a holiday halted palm oil trade in Malaysia. Asking prices for crude palm oil on the European market rose between $5 and $10, reversing some of the previous session's losses. The November position climbed to $547.50 per tonne. RBD palmolein prices also edged higher, with all positions marking gains of $5. The Jan/Mar position climbed to $565 per tonne. But bids were scarce because the Malaysian futures market was closed for the holiday and this subdued trade elsewhere. Prices were largely supported by the easing in the dollar, which retreated on the back of new data showing US consumer prices fell for the first time in seven months. A weaker dollar lifts prices by making palm oil denominated in the currency cheaper for international buyers. Palmkernel oil prices slid for second ...

EU wheat edges lower in thin trade, market awaits Fed decision PARIS: European wheat prices slipped on Wednesday in thin trade as the market awaited the Fed's decision on a possible interest rate hike, the first in the United States in almost a decade, which would affect foreign exchange rates.Despite a fall in prices west European wheat has been suffering from low demand on the dollar-based international market, notably hampered by a stronger euro. Any rebound in the dollar would therefore support euro-denominated wheat."The Fed's potentially ...

Corn, wheat fall for 2nd day on US harvest, ample supply CHICAGO: US grains were lower on Wednesday, with both corn and wheat easing more than 1 percent, putting them on pace for their second straight session of declines on pressure from the advancing corn harvest and plentiful global grain supplies. Soybeans were narrowly lower at the Chicago Board of Trade. Volumes were light as investors awaited news from the Federal Reserve, which was weighing the first US interest rate hike since 2006 during a two-day ...

CBOT soybeans drop on weak cash market, technical sales CHICAGO: US soybean futures fell on Wednesday, under pressure from weakness in the cash market as well as some technical selling, traders said.Weakness in the cash market also weighed on soymeal futures. Declines in soymeal were limited when the October contract found support near the 20-day moving average.Soyoil futures firmed on a rally in the crude oil market.The benchmark Chicago Board of Trade November soybean futures contract firmed in early trading but turned lower after ...

Spot gold to retest support at $1,099 SINGAPORE: Spot gold is expected to retest a support at $1,099 per ounce, with a good chance of breaking below this level and falling further towards the next support at $1,089.These supports are identified respectively as the 76.4 percent and the 86.4 percent Fibonacci retracements on the uptrend from the July 24 low of $1,077 to the Aug. 21 high of $1,168.40. The bounce caused by the support at $1,099 seems to have ended around ...

Palm oil to fall to 2,113 ringgit SINGAPORE: Palm oil is expected to fall to 2,113 ringgit per tonne, as it has broken a support at 2,171 ringgit.The support was provided by the 61.8 percent Fibonacci retracement on the fall from the June 8 high of 2,362 ringgit to the Aug. 25 low of 1,863 ringgit. The next support will be at 2,113 ringgit, the 50 percent level, a break below which could open the way towards the 38.2 percent level at ...

CBOT soybeans may retrace to $8.77-3/4 SINGAPORE: CBOT soybeans November contract may retrace to $8.77-3/4 per bushel as it failed to break a resistance at $8.94.The resistance is provided by the 86.4 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the July 14 high of $10.45. It has caused a correction towards the support at $8.77-3/4, the 100 percent level.A break above $8.94 could lead to a gain to $9.05-3/4, the 76.4 ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln