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NY coffee to find support at $1.9965 SINGAPORE: New York July coffee may find a support at $1.9965 per lb, and start a rebound towards $2.0375.The support is provided by the 138.2 percent Fibonacci projection level of a downward wave c that started at the April 24 high of $2.1645. This wave has been disrupted by a former support at $2.0145, the 123.6 percent level. The current support will be stronger and may cause another disruption.Strengthening the support is a similar one at $2.0015, the 61.8 percent Fibonacci retracement on the rise from the April 16 low of $1.8850 to the April 23 high of $2.19. Chances are coffee may fail to break $1.9965 in its first attempt. A break will lead to a further loss to $1.9680, the 161.8 percent projection 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 ...

Vietnam Coffee: Trade slow as prices dip, discounts widen HANOI: Coffee farmers in Vietnam have been slowing down sales on expectations prices could rise while demand is also low, traders said on Tuesday.Robusta beans fell about 1 percent to 40,700-40,800 dong ($1.93) per kg on Tuesday from 41,200 dong the previous day in Daklak, Vietnam's largest coffee growing province."Farmers sold a small amount on Monday but most of them are holding the beans and waiting for prices to bounce back to about 42,000 dong," ...
NY cocoa to rebound to $2,974 SINGAPORE: New York July cocoa is expected to rebound to $2,974 per tonne, as it failed to break a support at $2,941.The support is provided by the 76.4 percent Fibonacci projection level of a downward wave C, which seems to have completed, as its five component waves have unfolded. The extension of this wave may not occur until a rebound ends around the 50 percent projection level at $2,974, which is near the peak of ...
CBOT wheat to retest support at $6.90 SINGAPORE: CBOT May wheat may retest support at $6.90 per bushel, a break below which will lead to a further loss to $6.83-1/2.The resistance is formed at the 50 percent Fibonacci projection level of an upward wave c that started at the April 22 low of $6.62-1/2. The depth of the fall from the April 25 high of $7.08-3/4 indicates completion of the wave c and the progress of a bigger wave C towards $6.62-1/2.Resistance ...
Palm oils edges down, tracks weak soyoil; Chinese data, Fed eyed JAKARTA: Malaysian palm oil futures eased about 1 percent on Tuesday, as traders booked profits after strong gains in the previous session and as comparative vegetable oils weighed on sentiment.The US soyoil contract for July slipped 0.3 percent in early Asian trade, while the most active September soybean oil contract on the Dalian Commodities Exchange traded 0.5 percent lower. Palm typically tracks the rival commodity as both vegetable oils are common food and fuel substitutes."We ...
NY sugar to test support at 16.84 cents SINGAPORE: New York May sugar is expected to test a support at 16.84 cents per lb, a break below which will lead to a further loss to 16.61 cents.The support is provided by the 38.2 percent Fibonacci projection level of a downward wave C which has been driving sugar from the April 24 high of 17.59 cents.This wave seems to be travelling towards 16.08 cents, its 76.4 percent projection level, which is also pointed by ...
Spot gold may revisit low of $1,268.24 SINGAPORE: Spot gold may revisit its April 24 low of $1,268.24 per ounce, as it failed to break a resistance at $1,307.The resistance has been established at the 61.8 percent Fibonacci retracement on the fall from the April 14 high of $1,330.90 to $1,268.24. Coincidentally, a trendline descending from the March 17 high of $1,391.76 has provided a similar resistance.Gold's failure to break the trendline signals a resumption of the downtrend from $1,330.90. A break ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln