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Iron ore eyes second best week this year, but outlook still bleak SINGAPORE: Spot iron ore prices are set to post their biggest weekly gain since early January, although an early-week rally has fizzled as investor focus returned to plentiful global supply.Iron ore futures held steady on Friday after sharp gains on Monday and Tuesday that helped to lift benchmark spot prices further off a decade-low below $50 a tonne.Still, Citigroup this week said it expects iron ore to fall to $36 in the third quarter and stay below $40 for the rest of the year as big miners boost supply further and China's demand continues to decline.Goldman Sachs also slashed its price forecasts and said up to half of the iron ore output - by miners apart from mega producers Vale, Rio Tinto and BHP Billiton - is at risk of closure with global demand set to peak in 2016.Iron ore for immediate delivery to China's Tianjin port rose 0.6 percent ...

RUBBER-Tokyo futures rise on higher oil, hopes for China stimulus TOKYO: Benchmark TOCOM rubber futures rose on Thursday, nearing a key technical barrier of 200 yen, as a higher yen against the US dollar was outweighed by a jump in oil prices overnight and expectations of additional monetary stimulus in the world's top buyer China.Copyright Reuters, 2015 ...
LME aluminium targets $1,840 SINGAPORE: LME aluminium may break a resistance at $1,822 per tonne and rise further to $1,840, as indicated by a Fibonacci ratio analysis.The resistance is at the 50 percent Fibonacci retracement on the fall from the Feb. 3 high of $1,898 to the March 12 low of $1,745, temporarily blocking the way towards the 61.8 percent level at $1,840.Wave pattern suggests aluminium is riding on a wave c, the third wave of a three-wave cycle ...
Shanghai copper may rebound to 43,570 yuan SINGAPORE: Shanghai copper may rebound a bit more to 43,570 yuan per tonne, as it has climbed above a resistance at 43,100 yuan.The resistance was at the 38.2 percent Fibonacci retracement on the rise from the March 19 low of 41,080 yuan to the March 27 high of 44,340 yuan. The next resistance will be at 43,570 yuan, the 23.6 percent level.It is hard to categorize the gain from the April 14 low of 42,580 ...
Palm oil's target at 2,214 ringgit aborted SINGAPORE: A bullish target at 2,214 ringgit per tonne has been temporarily aborted for palm oil , as it failed to hover above a support at 2,157 ringgit.The support is at the 50 percent Fibonacci retracement on the rise from the Sept. 2, 2014 low of 1,914 ringgit to the March 4 high of 2,400 ringgit. A small double-bottom forming around 2,100 ringgit has thus been made invalid.The target will be resumed only when palm ...
Iron ore struggles as Goldman sees peak demand in 2016 SINGAPORE: Iron ore futures edged higher on Thursday, but weak buying interest in top consumer China and a well-supplied market suggest more downside risk for prices as Goldman Sachs predicts global demand peaking next year.Spot iron ore slipped back below $50 a tonne after a two-day rally this week spurred by a recovery in futures markets. Gains in Dalian iron ore futures on Thursday were more modest compared to earlier in the week.Up to half ...
CBOT soybeans signals mixed SINGAPORE: Signals are mixed for CBOT soybeans May contract as it has stuck in a neutral range of $9.62-1/4 to $9.73-1/4.The range is formed by the 14.6 percent and the 23.6 percent Fibonacci retracements on the fall from the March 2 high of $10.39 to the April 10 low of $9.44-1/2.A break above $9.73-1/4 will open the way towards the 38.2 percent retracement at $9.91-1/4, while a drop below $9.62-1/4 could be extended to $9.44-1/2. ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln