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NY sugar targets 14.53 cents SINGAPORE: A bearish target at 14.53 cents per lb has been established for New York March sugar, as it may break below a support at 15.04 cents.The support was provided by the 50 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from the June 26 high of 19.83 cents.The next support will be at 14.53 cents, the 61.8 percent level, which will be strategically confirmed as a target when sugar drops below its Dec. 12 low of 14.96 cents.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 ...

NY coffee targets $1.6795 SINGAPORE: New York March coffee may fall to $1.6795 per lb, driven by a powerful wave C.This is the third wave of a three-wave cycle that developed from the Oct. 13 high of $2.2910. It has travelled to a support at $1.7435, the 61.8 percent Fibonacci projection level. The next support will be at $1.6795, the 76.4 percent projection level, which will be strategically confirmed as a target when coffee drops below the Dec. 12 ...
Vietnam Nov coffee exports seen down 12.3pc m/m at 84,059 T HANOI: Vietnam, the world's largest producer of robusta coffee, has exported 84,059 tonnes (1.4 million 60-kg bags) of the commodity in November, down 12.3 percent from a month earlier, the Vietnam Customs said on Monday, below market expectations. The November volume brought Vietnam's coffee shipment in October-November, the first two months of the 2014/2015 crop year, to 179,859 tonnes, based on government data.Vietnam's coffee crop year lasts between October and September. Traders had earlier forecast ...
CBOT wheat to retest resistance at $6.11-1/2 SINGAPORE: CBOT March wheat is expected to retest resistance at $6.11-1/2 per bushel, a break above which will open the way towards the next resistance at $6.18-1/2.Resistance is identified as the 161.8 percent Fibonacci projection level of a small wave 3 that rose from the Nov. 20 low of $5.36, it temporarily blocks the way towards the 176.4 percent level at $6.18-1/2.This barrier has triggered a moderate correction to the support at $6.00-1/2, the 138.2 ...
Gold slips as US rate hike woes surface SINGAPORE: Gold retreated on Monday, after posting its biggest weekly gain in two months, amid expectations the US Federal Reserve is moving closer to raising interest rates. The Fed holds a policy meeting this week and a recent spate of data that points to a strengthening economy could sharpen the case for the central bank to take a more hawkish stance. The latest upbeat evidence came on Friday when the Thomson Reuters/University of Michigan index ...
Palm flat as crude prices offset Malaysian export data, weak ringgit JAKARTA: Malaysian palm oil futures were flat on Monday, as modest gains in Malaysian palm oil export figures in the first half of December and weakness in the ringgit were offset by declining crude oil prices."The numbers are not exciting," a trader with a foreign commodities brokerage in Kuala Lumpur told Reuters, referring to Malaysian export data released on Monday.According to cargo surveyor Intertek Testing Services, exports of Malaysian palm oil products for Dec. 1 ...
Spot gold to test support at $1,208 SINGAPORE: Spot gold is expected to test a support at $1,208 per ounce, a break below which will lead to a further loss to $1,201. The support is at the 86.4 percent Fibonacci projection level of an upward wave C that developed from the Dec. 1 low of $1,142.91. This wave stalled around a resistance at $1,237, the 123.6 percent level, and will be reversed further by the current correction. Gold has fallen below a ...

 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
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Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln