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Spot gold to test support at $1,109 SINGAPORE: Spot gold is expected to test a support at $1,109 per ounce, a break below which will lead to a loss to the next support at $1,092.Wave pattern suggests gold is riding on a wave C, the third wave of a three-wave cycle that developed from the Jan. 22 high of $1,306.20.This wave consists of five small waves, and a Fibonacci projection analysis based on the length of the first wave reveals various levels that control the current move.The 138.2 percent level at $1,109 works as a support, temporarily preventing gold from sliding towards the 161.8 percent level at $1,092. However, the last wave of the wave C, labeled 5, has started, and is expected to travel to $1,082, the 176.4 percent level.A break above $1,125, the 114.6 percent level, could lead to a limited gain to $1,136, the 100 percent level.Copyright Reuters, 2015 ...

LME aluminium may bounce to $1,590 SINGAPORE: LME aluminium may bounce to a resistance at $1,590, as it has found a support at $1,560 per tonne.The support is provided by the 150 percent Fibonacci projection level of a big wave C from the July 15 high of 1,729.50. It caused a bounce on Aug. 12, which ended around $1,600, the 114.6 percent level.The second bounce has been triggered, which could be weaker, to extend to $1,590, the 123.6 percent level.A break ...
Shanghai copper to drop to 38,510 yuan SINGAPORE: Shanghai copper is expected to drop to 38,510 yuan per tonne, as it is riding on a downtrend towards the Aug.7 low of 37,310 yuan.The trend is considered as a continuation of a bigger downtrend preceding the rebound from the July 28 low of 37,440 yuan. A Fibonacci projection analysis reveals an immediate support at 38,790 yuan, the 76.4 percent level, which could be broken on Tuesday.The next support will be at 38,510 yuan, ...
Palm oil to hover below 2,052 ringgit SINGAPORE: Palm oil faces a resistance at 2,052 ringgit per tonne and may either hover below this level or retrace to a support at 2,017 ringgit. The resistance is identified as the 161.8 percent Fibonacci projection level of a big wave C, the third wave of a three-wave cycle that developed from the June 8 high of 2,362 ringgit.A break above the resistance could open the way towards the next resistance at 2,086 ringgit, the ...
CBOT soybeans neutral in $9.12-1/4 to $9.23 range SINGAPORE: CBOT soybeans November contract looks neutral in a range of $9.12-1/4 to $9.23 per bushel, and an escape will point a direction.The range is formed by the 14.6 percent Fibonacci retracement on the fall from the Aug. 12 high of $9.76 to the Aug. 12 low of $9.01-1/2 and the 61.8 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from the July 14 high ...
Palm oil extends losses on rising inventory, weak demand MUMBAI: Malaysian palm oil futures eased on Monday to extend last week's losses, hurt by rising stockpiles in top producing countries and sluggish demand. The benchmark palm oil contract for November on the Bursa Malaysia Derivatives Exchange closed down 0.15 percent at 2,044 Malaysian ringgit a tonne. Traded volume stood at 45,806 lots of 25 tonnes each, significantly above the roughly 35,000 lots usually traded by the close.The ringgit, which has been the worst performing ...
LME aluminium to approach $1,600 SINGAPORE: LME aluminium is expected to approach a resistance at $1,600, as it has stabilised around a support at $1,573 per tonne. The bounce from the Aug. 12 low of $1,553.50 consists of three waves, so far, only two waves have unfolded. The current wave labeled c is capable of rising to $1,600, the 114.6 percent Fibonacci projection level of a bigger wave C from the July 15 high of 1,729.50.A drop to $1,569 could ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln