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NY coffee to drop to $2.1310 SINGAPORE: New York December coffee failed to break a resistance at $2.2440 per lb and may retrace to $2.1310.The resistance is provided by the 100 Fibonacci projection level of the wave c. Coffee failed to overcome this barrier twice. The failure could be due to the completion of the wave c or an incomplete correction that started at the Oct. 6 high of $2.2550. Both these scenarios suggest a further drop to $2.1310, the 76.4 percent Fibonacci projection level of the wave c.A break above $2.2440 will open the way towards $2.3575, the 123.6 percent projection 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 products mentioned in the analyses. Copyright Reuters, 2014

CBOT wheat to hover below $5.09-1/2 SINGAPORE: CBOT December wheat faces resistance at $5.09-1/2 per bushel, and may hover below this level or retrace towards support at $4.93.The resistance has been established around the 38.2 percent Fibonacci retracement on the downtrend from the Aug. 28 high of $5.79-1/4 to the Sept. 25 low of $4.66-1/4.A consolidation triggered by the resistance could extend, consisting of three waves, with the current wave labelled b ending around $5.09-1/2. The third, the wave c, may ...

Gold rises as dollar drops; Chinese data provides boost NEW YORK/LONDON: Gold rose on Monday as the dollar fell on uncertainty about global economic growth, while the prospect of more economic stimulus from China increased bullion's investment appeal. The yellow metal posted its fifth rise in the past six sessions after the dollar index fell on growth concerns and worries the US Federal Reserve may wait longer to hike interest rates. Last week, the greenback notched its biggest weekly loss in six months. Also ...

LME copper slips from 2-wk peak, growth worries linger SYDNEY: London copper slipped on Tuesday from two-week peaks hit the session before after comments by the Federal Reserve fuelled worries over global growth, disturbing a fragile calm after robust Chinese economic data. China posted a surprisingly strong trade performance in September, soothing worries over a slowdown in the world's top metals user. It also logged a nearly 15 percent jump in copper imports. "The follow through from yesterday's trade data looks a little bit ...

Corn prices fall as bumper production offsets harvest delays SYDNEY: US corn futures edged lower on Tuesday, falling after the grain posted its biggest one-day gain in nine months, as expectations for bumper production offset support from harvest delays.Soybean prices rose, extending gains into a second session on reports of variable yields and harvest delays, while wheat fell for the first time in three sessions.Chicago Board of Trade front-month corn futures had fallen 0.1 percent to $3.45-3/4 a bushel by 0136 GMT, having closed ...

China coal tariffs blacken Aussie free trade talks HONG KONG: Import taxes will help China to protect its ailing domestic producers from a glut of cheap foreign supply. Yet raising the defences makes it even harder for Australia, a top exporter, to present a long-awaited agreement with its top trading partner as evenly balanced. Copyright Reuters, 2014

Gold holds near 4-week high as stocks, dollar drop SINGAPORE: Gold retained overnight gains on Tuesday to trade near its highest in four weeks as investor appetite for riskier assets eased amid global growth worries, while a softer dollar also underpinned prices of the metal.A sell-off in the stock markets saw gold-backed exchange-traded funds (ETF) attracting investors for the first time in a month after heavy outflows.Spot gold eased slightly to $1,234.05 an ounce by 0311 GMT, but remained close to a four-week peak ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln