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Palm rebounds from over 1-week low on weaker ringgit KUALA LUMPUR: Malaysian palm oil futures bounced back on Tuesday after hitting a more than one-week low in the previous session, as a recovery in overseas soy markets and a weaker ringgit lifted the tropical oil.Firm export data from Malaysia, the world's No.2 palm grower, also supported.Overseas sales of Malaysian palm oil products were 21-26 percent higher for the Sept. 1-20 period compared with a month earlier, cargo surveyor data showed, thanks to buoyant imports of crude palm oil.The Malaysian currency fell 0.14 percent in early trade, and was trading at 3.2470 per dollar late Tuesday, making the ringgit-priced palm feedstock cheaper for overseas investors and refiners compared with other dollar-priced edible oils."The ringgit is weakening, and the Dalian is marginally higher," said a trader with a foreign commodities brokerage in Malaysia."Local sentiment is actually good - exports are good. But for external factors, grains are looking very weak. So, ...

CBOT corn to end rebound in $3.32 to $3.33-3/4 range SINGAPORE: CBOT December corn is expected to edge up into a resistance zone of $3.32 to $3.33-3/4 per bushel, before dropping towards a support at $3.26-1/2.The zone has been formed by the 114.6 percent and the 100 percent Fibonacci projection levels of a downward wave iii - the third wave of a five-wave cycle that developed from the Sept. 16 high of $3.50-1/2.This wave seems to be incomplete, as its final component wave labelled 5 ...
Palm rebounds from over 1-wk low on weaker ringgit KUALA LUMPUR: Malaysian palm oil futures bounced back on Tuesday after hitting a more than one-week low in the previous session, as a recovery in overseas soy markets and a weaker ringgit lifted the tropical oil.Firm export data from Malaysia, the world's No.2 palm grower, also supported.Overseas sales of Malaysian palm oil products were 21-26 percent higher for the Sept. 1-20 period compared with a month earlier, cargo surveyor data showed, thanks to buoyant imports ...
Spot gold neutral in $1,209-$1,219 range SINGAPORE: Spot gold looks neutral in a range of $1,209-$1,219 per ounce, but is biased to rebound more.The range has been formed by the 176.4 percent and the 161.8 percent Fibonacci projection levels of a wave C that developed from the Aug. 8 high of $1,322.60. A rise above $1,219 could be extended to $1,226, the 150 percent projection level, while a fall below $1,209 will confirm the extension of the wave C towards $1,194, ...
LME copper to retest support at $6,733 SINGAPORE: LME copper is expected to end its rebound around a resistance at $6,783 per tonne and then retest a support $6,733. The resistance and the support are provided respectively by the 61.8 percent and the 76.4 Fibonacci projection level of a downward wave c that started at the Sept. 16 high of $6,992. This wave has not completed, as it could eventually travel to $6,653, its 100 percent projection level. A break above $6,783 ...
Gold struggles near 8-1/2-month lows on fund outflows SINGAPORE: Gold ticked up on Tuesday but was stuck near its lowest in almost nine months, hurt by outflows from the top bullion backed exchange-traded fund as investors adjust positions on concerns of higher US interest rates and strength in the dollar.Investors pulled out of SPDR Gold Trust, the top gold-backed exchange-traded fund, for a second day in a row, with the fund's holdings falling to 774.65 tonnes on Monday - its lowest since December ...
LME aluminium may rebound to $2,013 SINGAPORE: LME aluminium may rebound to $2,013 per tonne as it failed to break a support at $1,948. The support is provided by the 38.2 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the Sept. 2 high of $2,119. A rebound towards the 23.6 percent level at $2,013 has been triggered. The hammer appearing on Sept. 22 on the daily candlestick chart also suggests the formation of a temporary ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln