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CBOT wheat to fall to $5.41-1/4 SINGAPORE: CBOT December wheat is expected to fall to $5.41-1/4 per bushel, as it has broken a support at $5.50-1/2.The support is identified as the 50 percent Fibonacci projection level of an upward c, the third wave of a three-wave cycle that developed from the Sept. 25 low of $4.66-1/4.The next support will be at $5.41-1/4, the 38.2 percent projection level, a break below which could trigger a further loss to $5.29-1/2, the 23.6 percent level.A rise above $5.50-1/2, the 50 percent level, may be extended to $5.60, the 61.8 percent level.The views expressed are his own.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 0.4 percent to $1,192.75 an ounce by 0355 GMT. The metal jumped to a near three-week high of $1,204.70 on ...
Copper price seen about $3.15/lb in 2015 or higher SHANGHAI: Copper prices are seen trading about $3.15 a pound ($6,945 a tonne) in 2015 and could go higher, the president of Southern Copper Corporation, Oscar Gonzalez Rocha, said. "With demand recovering in the US and Europe, and Chinese copper consumption growth maintaining at current levels, we see 2015 copper prices at about $3.15 a pound with quite a lot of upside potential," Rocha told a Metal Bulletin copper conference in Shanghai. LME copper traded ...
Dalian iron ore futures sink further as spot hits five-year low SINGAPORE: China's iron ore futures fell 4 percent to a record low on Wednesday, piling more pressure on spot prices that have slumped to their weakest in more than five years as a supply glut overhangs the commodity.Iron ore has lost nearly half of its value this year, hit hard by a slowing economy in top consumer China. Analysts are ruling out any Chinese restocking that typically supports prices in the last months of a ...
Corn at 1 week low on record US supplies, wheat falls for 3rd day SINGAPORE: Chicago corn futures lost more ground on Wednesday, falling for a fourth straight session to their lowest in more than one week as record US supplies flood the market.Wheat tracked declines in the corn market, although losses were limited by severe cold weather hurting the US winter crop. Copyright Reuters, 2014 ...
Spot gold to retrace to $1,176 SINGAPORE: Spot gold is expected to retrace to $1,176 per ounce, as it failed to break resistance at $1,203.The current rebound seems to be against a medium-term downtrend that developed from the Aug. 28, 2013 high of $1,433.31. A Fibonacci retracement analysis reveals resistance at $1,203, the 23.6 percent level.Gold retraced deeply when it encountered an earlier resistance at $1,176, the 14.6 percent level. Chances are it may retrace again. A break above $1,203 will ...
LME copper neutral in $6,617-$6,660 range SINGAPORE: LME copper looks neutral in a range of $6,617-$6,660 per tonne, and an escape will point to a direction. The range has been formed by the 14.6 percent and the 38.2 percent Fibonacci projection levels of an upward wave c that developed from the Nov. 13 low of $6,590.A rise above $6,660 could signal an extension of the wave c towards $6,730, the 76.4 percent level, while a break below $6,617 could cause a ...

 



 
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


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln