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NY cocoa may break support at $2,947 and fall more SINGAPORE: New York December cocoa is expected to test a support at $2,947 per tonne, with a good chance of breaking below this level and falling more to $2,893.The support is provided by the 61.8 percent Fibonacci projection level of a wave C, the third wave of a three-wave cycle that started at the Sept. 25 high of $3,399. This wave is capable of travelling to $2,806, its 100 percent projection level. A more realistic target could be $2,893, the 76.4 percent level.The wave C has a fierce character and may not be interrupted by a strong rebound until it reaches $2,806. Should a rebound be triggered by $2,947, it could be limited to $2,991, the 50 percent level.Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. ...

Iron ore futures extend losses ahead of Chinese mill shutdowns SINGAPORE: Iron ore futures fell for the second session running on Tuesday amid plentiful supply and slow demand ahead of temporary shutdowns or output cuts by Chinese mills as Beijing strives to curb pollution during an APEC meeting in Beijing next month.Some steel mills in Hebei, China's top steel-producing province, have been asked to reduce or suspend production during the Asia-Pacific Economic Cooperation summit on Nov. 7-12 to help improve air quality in the capital."We ...
Palm rises on technical buying, Malaysia biodiesel programme eyed KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday on a bout of technical buying, traders said, while plans to increase the use of palm oil in biodiesel by the world's No.2 grower received a lukewarm response from market players.By the midday break, the benchmark January contract on the Bursa Malaysia Derivatives Exchange had inched up 1.2 percent to 2,192 ringgit ($669) per tonne, with prices trading at 2,171-2,194 ringgit."Technical buying is keeping the market ...
CBOT soybeans to rise towards $10.47-1/4 SINGAPORE: CBOT soybeans November contract may rise more towards $10.47-1/4 per bushel, as it has broken above resistance at $9.92-1/2.The resistance was formed around the 23.6 percent Fibonacci retracement on the fall from the May 22 high of $12.79 to the Oct. 1 low of $9.04. The next resistance will be at $10.47-1/4, the 38.2 percent level.A pullback is likely, towards $9.92-1/2, now a strong support. However a break below this level could trigger a ...
Spot gold to test resistance at $1,233 SINGAPORE: Spot gold is expected to test a resistance at $1,233 per ounce, a break above which will open the way towards $1,239.The metal is presumed to be riding on a wave c, the third wave of a three-wave cycle that developed from the Oct. 6 low of $1,183.46. A Fibonacci projection analysis reveals the resistance at $1,233, the 14.6 percent level, which blocks the way towards the 23.6 percent level at $1,239.Support is at ...
LME copper may retrace to $6,643 SINGAPORE: LME copper faces a resistance at $6,755 per tonne and may retrace to $6,643.The resistance is provided by the 76.4 percent Fibonacci retracement on the fall from the Oct. 14 high of $6,825 to the Oct. 17 low of $6,530, and is strengthened by a similar one that has been established by the upper channel line of a falling channel.Wave pattern suggests that the rise from $6,530 has been driven by a wave 4, ...
Taiwan stocks up as foreign inflows boost sentiment TAIPEI: Taiwan stocks rebounded on Tuesday after a three-day losing streak, led by banking and semiconductor shares, buoyed by strong net buying by foreign investors in the previous session.As of 0230 GMT, the main TAIEX index rose 118.19 points to 8,745.97, after closing down 0.21 percent on Monday.Foreign investors were net buyers of Taiwan stocks in Monday's session, boosting domestic sentiment.The electronics subindex was up 1.24 percent, while the financials subindex was trading 1.9 percent ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln