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LME copper option volatility jumps as prices hit fresh lows NEW YORK: Copper option volatility jumped on Monday with heavy volume in put option trades as low as $5,000 per tonne, as investors scrambled to protect their positions against a deeper rout after prices hit fresh 5-1/2-year lows. The activity came as prices for three-month copper on the London Metal Exchange sank as low as $5,339.50 a tonne, its weakest since July 2009, before paring losses to end the day at $5,580, up 1.27 percent. Traders said the activity reflected increased caution as visible inventories increase and concerns rise about demand from China, the world's top consumer, while traders worry about euro zone instability after the leftist Syriza party's weekend victory in Greece's election. "We're readying for another attack to the downside," said a US market source. "Maybe the market's now gunning for $5,000." LME stocks have risen almost 50,000 tonnes since Jan. 6, hitting 236,850 tonnes on Monday, their ...

US wheat closes near session lows on weather view CHICAGO: US wheat futures sagged 2 percent to their lowest in nearly 11 weeks on Monday, pressured by good forecasts for growth across key growing regions and light export demand, traders said.Showers that will boost soil moisture were forecast for the southern US Plains, the country's main hard red winter wheat growing area.Soft red winter wheat will benefit from protective snow cover that will guard the crop from damage related to freezing conditions in the ...
CBOT soybeans close firm on soymeal gains CHICAGO: US soybean futures rose on Monday, following a rally in the soymeal market, traders said.Chicago Board of Trade March soymeal closed at a session high while March soybeans ended just 1/4 cent below their daily peak.The soymeal strength stemmed from signs of export demand for US supplies. Traders said that offerings from South America were thin as Argentine processors were keeping their crushing pace light due to poor profit margins.Buying in soymeal accelerated after ...
NY cocoa at 1-year low, sugar consolidates higher NEW YORK/LONDON: New York cocoa futures fell for the seventh straight day on Monday, dropping to a one-year low on follow-through buying as technical and fundamental indicators became increasingly bearish, while raw sugar jumped. Arabica coffee futures were little changed in choppy dealings as the market corrected up from Friday's six-month low despite forecasts for more rain in the coffee belt in top-producer Brazil. Cocoa extended last week's losses after falling below key moving averages ...
CBOT corn eases on fund selling, wheat declines CHICAGO: Corn futures on the Chicago Board of Trade fell less than 1 percent on Monday, pressured by light investment fund selling and steep declines in wheat prices, traders said.Wheat fell as much as 2 percent as a weak euro and higher dollar expanded the competitive disadvantage of US grain supplies in global export markets. The dollar eased to start the week but remained near the highest levels in more than a decade against a ...
Gold price dips as equities recover following Greek vote NEW YORK/LONDON: Gold fell more than 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party had won elections in Greece. Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to the bailout conditions ...
ICE cotton rises most in 8-1/2 weeks on speculator short covering NEW YORK: ICE cotton rebounded off a near 5-1/2-year low hit the previous session to rise the most in 8-1/2 weeks on Monday as speculators covered short positions in response to the Commitment of Traders report released Friday after market close. The most-active front-month March cotton contract on ICE Futures US gained 1.32 cents, or 2.3 percent, to settle at 58.62 cents a lb for its largest single-session gain since Nov. 26, 2014. Data released ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln