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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, which started at the July 3 high of 2,285 ringgit. A Fibonacci projection analysis on the target of the wave C reveals a limit to the wave iv at 1,925 ringgit, the 250 percent level. Support is at 1,873 ringgit, the 286.47 percent level, a break below which could confirm the continuation of the downtrend towards 1,853 ringgit, the 300 percent level.Copyright Reuters, 2015 ...

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 ...
Palm resumes downtrend to hit new 6-1/2 year low JAKARTA: Malaysian palm oil futures continued their decline for a fifth straight day to hit their lowest in nearly six-and-a-half years on Tuesday, as traders focused more on weakness in competing markets than data showing stronger exports this month.By Tuesday's close, the benchmark palm oil contract for November on the Bursa Malaysia Derivatives exchange was down 0.79 percent at 1,902 ringgit ($451.73) a tonne, erasing earlier gains and after hitting 1,863 rinngit in afternoon trading, ...
Gold holds below 7-week high as dollar, equities recover MANILA: Gold hovered below a seven-week high on Tuesday as equity markets and the US dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy.After Monday's rout, most Asian stocks recovered in tandem with US futures and Chinese shares pared losses. The dollar rose 0.6 percent versus a basket of currencies after falling the most since 2011."If that remains the case over the ...
Shanghai copper to edge up to 39,030 yuan SINGAPORE: Shanghai copper may edge up to a resistance at 39,030 yuan per tonne, as it has pierced above a resistance at 38,750 yuan.The resistance is at the 50 percent Fibonacci retracement on the fall from the Aug. 13 high of 39,970 yuan to the Aug. 24 low of 37,530 yuan. The next resistance will be at 39,030 yuan, the 61.8 percent level, a break above which could lead to a further gain to 39,390 ...
CBOT soybeans to rise to $8.93-3/4 SINGAPORE: CBOT soybeans November contract is expected to rise to $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.The completion has been suggested by the strong recovery of the price from the Aug. 24 low of $8.55. A Fibonacci projection analysis reveals that the final wave of the cycle, wave v, ended around a support at $8.60-1/4, the 114.6 percent level.The contract has managed to ...


Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41

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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