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LME aluminium may retrace to $1,758 SINGAPORE: LME aluminium faces a resistance at $1,784 per tonne and may retrace to $1,758, as indicated by a Fibonacci projection analysis.The resistance is provided by the 114.6 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from the May 6 high of $1,977.Strengthening the resistance is another one established by the trendline falling from $1,977. These two resistances will work together to cause a drop to the 138.2 percent level.A break above $1,784 will open the way towards $1,815, the 86.4 percent level.Copyright Reuters, 2015 ...

Shanghai copper may drop to 43,510 yuan SINGAPORE: Shanghai copper may drop to 43,510 yuan per tonne as it has left an upper channel and moved into a lower channel.The upper channel has been developing from the Jan. 26 low of 38,860 yuan. Based on this channel, a similar rising channel has been duplicated, and its lower channel line points an aggressive target at 40,640 yuan, which could be reached over the next week.A more realistic target will be 43,510 yuan, the ...
LME aluminium may bounce towards $1,784 SINGAPORE: LME aluminium looks exhausted and may bounce towards $1,784 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.The metal is riding on a wave c, the third wave of a three-wave cycle that developed from the May 6 high of $1,977. The bullish divergence on the hourly RSI indicates this wave is likely to end around a support at $1,732, its 161.8 percent level.This support is strengthened by another one ...
Shanghai copper still targets 43,510 yuan SINGAPORE: Shanghai copper still targets 43,510 yuan per tonne, following its drop below the lower channel line of a falling channel.The channel has been developing from the Jan. 26 low of 38,860 yuan. The lower channel line of a duplicated channel points an aggressive target at 40,640 yuan, which looks too far to be realistic.The immediate target will be at 43,510 yuan, the 38.2 percent Fibonacci retracement on the uptrend from 38,860 yuan to the ...
Palm ends lower on selling pressure, prices rangebound KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday as the contract succumbed to selling pressure in late afternoon trade, reversing gains stemming from a weak ringgit which had lifted the tropcial oil to a near two-week high.Benchmark prices have pulled up from over three-week lows earlier this week, following a surge in Chinese and US soy markets, with robust export demand so far in May also fuelling the rise. But whether prices can ...
TOCOM extends gains on weak yen and Shanghai momentum TOKYO: Benchmark Tokyo rubber futures extended gains to a fresh 14-month high on Wednesday, backed by a softer yen and as Shanghai futures sustained upward momentum, dealers said.The Tokyo Commodity Exchange rubber contract for November delivery rose 3 yen, or 1.3 percent, to settle at 234.2 yen ($1.90) per kg. It earlier hit 235 yen, the highest since April 2, 2014."There was no fresh fundamental news," said Toshitaka Tazawa, an analyst at Fujitomi Co. "But ...
Shanghai copper to drop to 43,510 yuan SINGAPORE: Shanghai copper is expected to drop to 43,510 yuan per tonne as it has cleared support at 44,610 yuan.Support was provided by the 23.6 percent Fibonacci retracement on the uptrend from the Jan. 26 low of 38,860 yuan to the May 13 high of 46,390 yuan. The next support will be at 43,510 yuan, the 38.2 percent level.The uptrend from 38,860 yuan could have reversed, as indicated by the depth of the fall from ...

 



 
Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
Arrow Sensex 28,208.76 0.41





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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 06, 2015
Reserves $18.201 bln