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TOCOM extends gains on weak yen TOKYO: Benchmark Tokyo rubber futures rose for a second day on the back of a weaker yen, dealers said on Thursday.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have so far fallen 26 percent this year on worries of excess supply from major Asian producers and weak demand in China, the world's top user.The Tokyo Commodity Exchange rubber contract for May delivery finished 1.1 yen, or 0.5 percent, higher at 203.4 yen per kg."The weak yen was the only factor today," said a Tokyo-based dealer. "Ahead of Christmas and the year-end, the market is stuck to narrow ranges, unable to move much in either direction."The U.S. dollar was quoted around 118.42 yen in late afternoon, up from around 117.20 a day earlier, after the Federal Reserve painted some confidence in the U.S. economy.The most-active rubber contract on the Shanghai futures exchange for ...

India to soon decide on raw sugar export incentives NEW DELHI: India, the world's second-biggest sugar producer, will soon decide on extending incentives for raw sugar exports, Food Secretary Sudhir Kumar said on Thursday, as mills struggle to pay farmers the stipulated price for cane."We will soon consider export incentive for raw sugar," Kumar told a conference of sugar producers in New Delhi.To help mills, India gave an upto 3,371 rupees a tonne financial incentive for raw sugar exports in the 2013/14 marketing year ...
NY sugar to test support at 14.53 cents SINGAPORE: New York March sugar is expected to test a support at 14.53 cents per lb, driven by a wave c.The support is provided by the 61.8 percent Fibonacci projection level of the downward wave c, the third wave of a three-wave cycle that developed from the June 26 high of 19.83 cents.The previous two supports at 15.55 cents and 15.04 cents, respectively the 38.2 percent and the 50 percent levels, have triggered two rebounds. ...
Palm edges up on crude oil recovery; heavy rains eyed KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, lifted by a small recovery in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concerns that yields of the tropical oil will drop this month.Malaysia's metereological department issued an "orange" warning on its website for heavy rain across the states of Sabah, Kelantan, and Terengganu, expected to persist until the end of the week. Rains are also expected across ...
CBOT soybeans to retest support at $10.15-1/2 SINGAPORE: CBOT soybeans January contract is expected to retest support at $10.15-1/2 per bushel, as indicated by its wave pattern and a Fibonacci projection analysis.The support is provided by the 114.6 percent Fibonacci projection level of a downward wave c that started at the Dec. 15 high of $10.55. It is the third of a three-wave cycle that developed from the Nov. 12 high of $10.86-1/4.It is uncommon that a wave c travels a distance ...
CBOT corn targets $4.19 SINGAPORE: CBOT March corn may break a resistance at $4.10-1/2 per bushel and rise more to $4.19, as it may have completed a correction triggered by this barrier.The resistance is identified as the 50 percent Fibonacci projection level of an upward wave C, the third wave of a presumed three-wave cycle that developed from the Oct. 1 low of $3.30-1/2.This wave is capable of travelling into a wide range of $4.19-$4.46, formed by the 61.8 ...
CBOT wheat may rise into $6.58-1/2 to $6.65 range SINGAPORE: CBOT March wheat may rise into a range of $6.58-1/2 to $6.65 per bushel, as it has broken a resistance at $6.47-1/4.The resistance was established at the 238.2 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Sept. 25 low of $4.80.The next resistance will be at $6.58-1/2, the 261.8 percent level, a break above which will lead to a further gain to ...


Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21

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
WeeklyDecember 22, 2014
Reserves $14.042 bln