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CBOT soybeans to break resistance at $10.55 SINGAPORE: CBOT soybeans January contract is expected to break resistance at $10.55 per bushel and rise further to $10.64, as indicated by its wave pattern and a Fibonacci projection analysis.Resistance is at the 38.2 percent Fibonacci projection level of an upward wave 3, the third wave of a five-wave cycle that developed from the Dec. 3 low of $9.83-3/4.This wave could be powerful enough to travel to $11.02-1/4, its 100 percent projection level. The immediate resistance is at $10.55, the 38.2 percent level, which temporarily blocks the way towards the next resistance at $10.64, the 50 percent level.Support is at $10.43-3/4, the 23.6 percent level, a break below which could trigger a further loss towards $10.25-3/4, the Dec. 11 low.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 ...

Iron ore heads for weekly loss, stays near 5-1/2-year low SINGAPORE: Iron ore dropped to near its lowest level since June 2009 as a glut continued to exert pressure on the market, shaving a further 3 percent off prices this week. BHP Billiton , the world's No. 3 iron ore producer, expects growth in steel consumption in top market China to slow to as much as half a percent in 2015 from about 1.5 percent this year. Increased production of iron ore from big, low-cost ...
Gold eases on firm dollar, but set for second weekly gain SINGAPORE: Gold fell on Friday on a firm dollar and robust US economic data, but prices were set for a second straight weekly rise following gains earlier in the week from safe-haven demand.Spot gold had eased 0.7 percent to $1,219.50 an ounce by 0738 GMT. The metal has risen more than 2 percent this week, although it failed to build on strong gains that took it to a seven-week high of $1,238.20 on Wednesday."The 100-day ...
India's palm oil imports expected to be weak in December NEW DELHI: India's palm oil imports could drop for a second straight month in December as local crushing of the soybean crop gathers momentum, a leading trading company said. Palm oil purchases by India, the world's top importer, could be just 775,000 tonnes despite weak prices of the tropical oil in the world's leading producers, Indonesia and Malaysia, said Sandeep Bajoria, chief executive of Mumbai-based Sunvin Group. In November, the first month of the current ...
Palm pressured by weak crude, market watching monsoon impact KUALA LUMPUR: Malaysian palm oil futures dropped on Friday, tracking falls in crude oil prices and competing vegetable oil markets, although losses were limited by concerns that monsoon rains could curb output in December.The benchmark February contract on the Bursa Malaysia Derivatives Exchange closed 1.1 percent lower at 2,171 ringgit ($621) per tonne. Prices had fallen to a one-week low of 2,119 ringgit on Tuesday.Total traded volume stood at 46,017 lots of 25 tonnes, above ...
Japan Aluminium stocks hit record high on increased imports TOKYO: Aluminium stocks held at three major Japanese ports rose for an eighth straight month to hit a record high at the end of November on rising imports and softer demand at home. Aluminium stocks held at Yokohama, Nagoya and Osaka rose 14 percent in November from a month earlier to 378,000 tonnes, the highest level in data going back to April 2000, trading house Marubeni Corp said on Friday. "An increased number of aluminium ...
Asia Coffee-Prices soften, Vietnam's harvest at peak HANOI: Coffee prices have softened in Vietnam, the world's largest robusta producer, as supplies are rising from the country's harvest peak and also from a minor crop in Indonesia, traders said on Thursday.Harvesting of a minor crop, or "fly crop", has begun in rival robusta producer Indonesia, while the main harvest will start in March or April, 2015, traders said.Vietnam and Indonesia produce a quarter of global output.ICE March robusta contract ended down 0.6 percent ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






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