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Palm hits two-week high on soy oils, monsoon outlook JAKARTA: Malaysian palm oil futures hit a two-week high on Friday, aided by firmer soy oil prices and with traders expecting prices to remain robust ahead of the onset of the monsoon season. US soybeans rose above $10 per bushel for the first time in six weeks, buoyed by surprisingly strong demand led by China and tight supplies after harvest delays. "Soybean oil is quite strong and that is the main reason. Resistance is at 2,200 ringgit," said a trader with a foreign commodities brokerage. By the close, the benchmark January contract on the Bursa Malaysia Derivatives Exchange ended up 0.5 percent at 2,180 ringgits ($665) per tonne. Prices have not touched 2,194 ringgit highs since Oct. 10. The benchmark has gained almost 2 percent for the week, but is down 18 percent for the year. Total traded volume stood at 40,973 lots of 25 tonnes, slightly above the usual ...

Soy above $10/bushel for first time in 6 weeks, corn, wheat up SINGAPORE/PARIS: US soybeans rose above $10 a bushel for the first time in six weeks on Friday, buoyed by surprisingly strong demand, led by China, and tight supplies after harvest delays. Corn traded near its highest in seven weeks on spillover strength from soybeans while wheat rose to a six-week high, also supported by forecasts of a lower crop in Russia next season due to dry weather. Chicago Board of Trade front-month soybeans rose as ...
NY sugar to fall to 15.97 cents SINGAPORE: New York March sugar is expected to fall to 15.97 cents per lb, as it has broken a support at 16.19 cents.The support was provided by the 76.4 percent Fibonacci projection level of a downward wave c that started at the Oct. 20 high of 16.89 cents. This wave is capable of travelling to 15.97 cents, the 100 percent projection level.A rise to 16.22 cents may signal the break below 16.19 cents was false ...
NY coffee still targets $1.8690 SINGAPORE: A bearish target at $1.8690 per lb remains unchanged for New York December coffee, as it still remains below a support at $1.9430 after a pullback towards this level.The support was provided by the 50 percent Fibonacci retracement on the rise from the July 15 low of $1.6310 to the Oct. 13 high of $2.2545. Even though a spinning top formed on Oct. 23, this candlestick pattern itself may not work as a reversal ...
NY cocoa may retest support at $3,064 SINGAPORE: New York December cocoa may retest a support at $3,064 per tonne, a break below which will lead to a further loss towards $3,022.The support is provided by the 23.6 percent Fibonacci projection level of an upward wave c that developed from the Oct. 14 low of $3,022. This wave could have completed at the Oct. 23 high of $3,175, near a resistance at $3,176, the 86.4 percent projection level.A bigger downward wave C ...
CBOT wheat to rise to $5.36 SINGAPORE: CBOT December wheat is expected to rise to $5.36 per bushel as it has broken a resistance at $5.22-3/4.The resistance was formed around the 50 percent Fibonacci retracement on the downtrend from the Aug. 28 high of $5.79-1/4 to the Sept. 25 low of $4.66-1/4. The next resistance will be at $5.36, the 61.8 percent level, a break above which will lead to a further gain to $5.52-1/2, the 76.4 percent level.A correction from ...
Gold slips, poised for weekly loss on strong US data, dollar SINGAPORE: Gold dipped for a third session in a row on Friday and was set to snap a two-week winning streak as a firmer US dollar and robust economic data dented the metal's appeal as a hedge.Bullion's dip comes despite a tumble in US stock futures and gains in other safe-havens such as bonds and the yen after a doctor in New York City tested positive for Ebola.The metal was weighed down by strong global ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln