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Bangladesh tea prices fall for 6th week on ample supply DHAKA: Tea prices in Bangladesh fell for a sixth straight week at the weekly auction on Tuesday as increased volumes, the highest of the season so far, put a lid on prices.Bangladeshi tea fetched an average 187.25 taka ($2.5) per kg at the 16th auction of the current marketing season, down from 190.29 taka at the previous week's sale, an executive with National Brokers said.The latest offering was the largest of the season so far, capping prices and sales, the executive said.About 2.1 million kg were offered at the sole auction centre in Chittagong, of which 24 percent was unsold. In the previous auction, about 15 percent of the 2 million kg offered went unsold.The national budget for the 2015/16 fiscal year that started in July raised the regulatory duty on tea imports by 5 percent to discourage overseas buying.Tea prices fell sharply in the last marketing season on poor ...

Spot gold to test support at $1,131 SINGAPORE: Spot gold may test a support at $1,131 per ounce, with a good chance of breaking below this level and falling more towards the next support at $1,110.The bounce from the July 24 low of $1,077 has ended around a resistance at $1,165, the 38.2 percent retracement on the fall from the Jan. 22 high of $1,306.20 to $1,077.The metal not only failed to break the resistance, but also failed to break a trendline ...
LME aluminium to fall to $1,530 SINGAPORE: LME aluminium may have completed a bounce from the Aug. 24 low of $1,506 per tonne and is expected to fall to a support at $1,530.The support is provided by the 176.4 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of 1,729.50. This wave may eventually travel to $1,460, the 238.2 percent level.Resistance is at $1,560, the 150 percent level, a break above which could lead ...
Shanghai copper to drop to 38,750 yuan SINGAPORE: Shanghai copper is expected to drop to 38,750 yuan per tonne, as it has completed a bounce from the Aug. 24 low of 37,530 yuan.The bounce has adopted a three-wave mode, with the third wave having failed to break a resistance at 39,390 yuan, the 76.4 percent Fibonacci retracement on the fall from the Aug. 13 high of 39,970 yuan to 37,530 yuan.The drop caused by the resistance has extended below a support at ...
Palm oil may rise to 1,925 ringgit SINGAPORE: Palm oil may break a resistance at 1,908 ringgit per tonne and rise more to the next resistance at 1,925 ringgit, as indicated by its wave pattern and a Fibonacci projection analysis.The bounce from the Aug. 25 low of 1,863 ringgit is driven by a wave iv, the fourth wave of a five-wave cycle that developed from the Aug. 18 high of 2,069 ringgit.The cycle is a small part of a bigger wave C, ...
CBOT soybeans still targets $8.93-3/4 SINGAPORE: CBOT soybeans November contract still targets $8.93-3/4 per bushel, as it could have completed a five-wave cycle starting at the Aug. 10 high of $9.96-1/2.Many small waves made up the cycle, with one of the waves, the wave ii, having peaked around a resistance at $9.23, the 61.8 percent Fibonacci projection level of the cycle. Wave theory suggests this peak may be approached.It will be strategically ideal to target $8.93-3/4 when the contract climbs ...
CBOT corn may rise towards $3.73-3/4 SINGAPORE: CBOT September corn may stabilize around a support at $3.63-3/4 per bushel and then rise towards a resistance at $3.73-3/4.The support is at the 38.2 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Aug. 12 low of $3.46-1/2. This wave is capable of travelling to $3.80, the 100 percent level.The correction triggered by the resistance at $3.73-3/4, the 76.4 percent level, could ...


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Banking Review 2014

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