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Palm oil extends gains, holds near two-week high KUALA LUMPUR: Malaysia palm oil futures held near a two-week high on Friday, continuing a recovery from a multi-year low hit last week on worries about economic growth in key consumer China.The benchmark November contract on the Bursa Malaysia Derivatives exchange gained 0.4 percent in intra-day trading to close at 2,031 ringgit ($477.21) a tonne.Traded volume stood at 38,403 lots of 25 tonnes each, more than the 35,000 daily average."There has been no further news to put prices lower so the technical correction is taking place," a Kuala Lumpur-based trader said, adding that he expects palm prices to inch up to 2,100 ringgit."We will see this correction take place until next Thursday, when the Malaysian Palm Oil Board releases its August data."Palm prices have recovered more than 9 percent from the 6-1/2 year low of 1,863 ringgit reached last week.Technical charts show palm oil may approach resistance at 2,074 ringgit ...

Spot gold set to drop into $1,108-$1,116 range SINGAPORE: Spot gold is expected to drop further into a range of $1,108-$1,116 per ounce, driven by a wave c.This is the third wave of a three-wave cycle that developed from the Aug. 21 high of $1,168.40. It is capable of travelling to $1,096, the 100 percent Fibonacci projection level.A more realistic target could be $1,115, the 61.8 percent level or $1,108, the 76.4 percent level.Resistance is at $1,128, the 38.2 percent level, a break ...
LME copper may break support at $5,186 SINGAPORE: LME copper may break a support at $5,186 per tonne and fall further towards the next support at $5,060, as indicated by its wave pattern and a Fibonacci retracement analysis.These supports are provided respectively by the 38.2 percent and the 23.6 percent Fibonacci retracements on the fall from the July 9 high of $5,722.50 to the Aug. 24 low of $4,855.The rally from $4,855 could be broken down into five small waves, signalling it ...
LME aluminium may rise to $1,686 SINGAPORE: LME aluminium may rise to $1,686 per tonne, as it has broken resistance at $1,617.Resistance was provided by the 23.6 percent Fibonacci retracement on the fall from the May 6 high of $1,977 to the Aug. 24 low of $1,506. The next resistance will be at $1,686, the 38.2 percent level. The metal had been falling within a channel before Aug. 24, the upper channel line of a duplicated channel indicates a target at ...
CBOT soybeans still target Aug 24 low of $8.55 SINGAPORE: CBOT soybeans November contract still targets its Aug. 24 low of $8.55 per bushel, as indicated by a wedge and a Fibonacci retracement analysis.The pattern formed between Aug. 24 and Sept. 1 and has been confirmed, suggesting a target at $8.55. However, this target could only be available when soybeans drop below a support at $8.65, the 7 percent Fibonacci retracement on the fall from the Aug. 10 high of $9.96-1/2 to $8.55.Resistance is ...
Asia Coffee:  Vietnam sale thin, Indonesian beans cheap HANOI: Coffee sales in Vietnam have been moderate with export prices easing this week while strong domestic consumption in Indonesia has limited export flows, traders said on Thursday. ICE November robusta contract settled down $22, or 1.4 percent, at $1,581 per tonne on Wednesday, after hitting a contract low of $1,579 per tonne. The contract has lost around 2 percent in the past week. Vietnamese robustas also eased further on domestic markets, while exporters quoted ...
Palm reverses course, hits two-week high KUALA LUMPUR: Malaysian palm oil futures hit a two-week high on Thursday, reversing course in the second half on the back of a weaker ringgit and bargain hunting by traders after the previous session's more than 1 percent fall.The benchmark November contract on the Bursa Malaysia Derivatives Exchange ended 2.3 percent higher at 2,034 ringgit ($480.28) a tonne, its highest since Aug. 18. Earlier in the day, it fell as much as 0.6 pct to ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln