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Spot gold to end rebound around $1,207 SINGAPORE: Spot gold may end its current weak rebound around a resistance at $1,207 per ounce, and then resume its downtrend towards the Oct. 6 low of $1,183.46.The short-term uptrend from this low has been reversed more than 76.4 percent, as indicated by a Fibonacci retracement analysis. Chances are high that the trend will eventually be totally reversed.Gold is riding on a downward wave c, the third wave of a three-wave cycle that started at the Oct. 21 high of $1,255.20. A Fibonacci projection analysis reveals that this wave has almost travelled to $1,194, its 123.6 percent level. It is highly likely that the wave c will extend to $1,182, the 161.8 percent level, slightly below $1,183.46.The 86.4 percent level at $1,207 will work as a limit to the rebound from the Oct. 30 low of $1,195.70.** Wang Tao is a Reuters market analyst for commodities and energy technicals. The ...

Brazil's 2015 coffee crop seen as big as 47mn bags SAO PAULO: Brazil's 2015 coffee crop is expected at best to reach 47 million 60-kg bags, on par with this year's crop that just finished harvest, a Rabobank analyst said. Rafael Barbosa, food and agribusiness analyst at the bank, said in an email late on Monday that he expected rains to return to the drought-stricken coffee belt in the coming weeks, which would likely unleash widespread flowering across the coffee belt. Even so, he did ...
Soybean offers firm on steady demand CHICAGO: US FOB Gulf soybeans basis offers were steady to firm and futures edged higher on strong processor and exporter demand even as harvest progressed, traders said on Tuesday.Corn and wheat basis values were steady with stronger futures reflecting domestic demand. Overseas competition for corn, but especially wheat, continues to restrain fresh buying. The US corn harvest is still less than half complete and two weeks behind normal, keeping interior basis bids firm.Soybeans and the ...
Mexico chamber sees 2014/15 sugar exports to US down over 20pc MEXICO CITY: Mexico expects to export 1.5 million tonnes of sugar to the United States in the current season following a trade deal struck this week, the country's sugar chamber said on Tuesday, in what would mark a sharp drop from the previous season. The forecast export volume compares with an estimated 1.9 million tonnes during the 2013/14 crop year that ended on Sept. 30, or a decline of more than a fifth. Monday's accord, ...
Corn, soybeans jump 2 percent on demand, fund buying CHICAGO: US corn and soybeans surged more than 2 percent on Monday, with each futures contract reversing from early losses on a short-covering rally tied to a slow harvest and strong demand for fresh supplies.The higher prices came despite favorable weather conditions for harvest in the United States, where farmers were gathering record-large corn and soy crops. Soymeal futures soared nearly 8 percent for their largest daily gains in four years.A slow start to the ...
US, Mexico near deal on sugar trade WASHINGTON: The US socked Mexican sugar imports with steep anti-dumping duties Monday, but said a new agreement with Mexico City was in the works that would eliminate any such penalties on Mexican exporters.Two months after levying 17 percent anti-subsidy duties on imported sugar from Mexico, the Department of Commerce announced additional duties of up to 47 percent for dumping sugar into the US market.All told the duties pose a potentially huge blow to the $1.1 ...
Corn, soy boosted by US exports; wheat follows CHICAGO/SYDNEY/PARIS: US corn and soybean futures rose on Thursday, supported by strong export demand for both commodities, traders said.Wheat futures also firmed, on track for their third straight day of gains, on spillover strength from the corn market.But gains were kept in check by forecasts for dry weather across the US Midwest that will allow for a pick-up in the harvest pace of both corn and soybeans and flood cash market dealers with much-needed supplies.Both ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln