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NY coffee to rise to $1.9505 SINGAPORE: New York March coffee is expected to rise to $1.9505 per lb, driven by a wave C.This is the third wave of a three-wave cycle that developed from the Nov. 10 low of $1.8540, progressing towards $1.9505, the 38.2 percent Fibonacci projection level. The immediate resistance is at $1.9320, the 23.6 percent level, which looks weak, in terms of the fierce character of the wave C.Support is at $1.9025, a break below which will signal the continuation of the downtrend towards the Nov. 12 low of $1.8750.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Gold falls from near 3-week high on stronger dollar SINGAPORE: Gold slipped on Wednesday as a stronger dollar prevented the metal from holding on to sharp overnight gains that took it to a near three-week high.The dollar gained against a basket of major currencies on Wednesday, with the yen sliding to a fresh seven-year low against the greenback.In quiet trade, spot gold was down 0.3 percent to $1,193.80 an ounce by 0736 GMT. The metal jumped to a near three-week high of $1,204.70 on ...
CBOT soybeans to fall to $9.99-1/4 SINGAPORE: CBOT soybeans January contract may fall to $9.99-1/4 per bushel, as it has pierced below a support at $10.19-3/4 again.The support was provided by the 38.2 percent Fibonacci retracement on rise from the Oct. 1 low of $9.12-1/4 to the Nov. 12 high of $10.86-1/4. The next support will be at $9.99-1/4, the 50 percent level.The drop from $10.86-1/4 has been within a falling wedge, the lower trendline of which points to $9.99-1/4 as ...
CBOT corn to test support at $3.66-1/2 SINGAPORE: CBOT December corn is expected to test a support at $3.66-1/2 per bushel, a break below which will lead to a further loss to $3.59-3/4.The support is identified as the 38.2 percent Fibonacci retracement on the rise from the Oct. 13 low of $3.30-1/2 to the Nov. 13 high of $3.89, blocking the way towards the 50 percent level at $3.59-3/4.The former two supports, respectively at the 23.6 percent retracement of $3.75 and the ...
Palm up for 3rd day on stable veg oils, weak ringgit JAKARTA: Malaysian palm oil marked a third day of gains on Wednesday, supported a weakening ringgit and stable competing vegetable oil prices, traders said."The market is up on the back of stable beanoil, a firm Dalian and a weak Malaysian ringgit," said a trader with a foreign commodities brokerage in Kuala Lumpur. "The ringgit weakening to 3.35 has the potential to further encourage exports."In competing vegetable oil markets, the US soyoil contract for December edged ...
Copper companies strike optimistic note on medium-term prices SHANGHAI: Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday. Widely seen as a barometer for economic growth, copper prices have shed around 10 percent this year as the global economy struggles to recover from the 2008/09 financial crisis. Expectations ...
South Korea's KOCOPIA seeks 55,000 T of corn for March SEOUL: South Korea's Corn Processing Industry Association (KOCOPIA) is seeking 55,000 tonnes of worldwide origin corn for March arrival via a tender, traders said on Wednesday. The tender will close at 4:30 p.m. (0730 GMT) on Wednesday, and the corn products should arrive at Incheon or Kunsan by March 25, 2015.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln