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Gold holds near 2-week high after short-covering rally SINGAPORE: Gold held near two-week highs on Monday, clinging on to gains from the previous session's short-covering rally, on a softer dollar.Spot gold held steady at $1,187.20 an ounce by 0724 GMT, after earlier climbing to a two-week high of $1,193.95. That followed a 2.3 percent jump on Friday that took the metal above a key technical level of $1,180.The dollar swung wildly against the yen on Monday, initially spiking to a seven-year high after data showed Japan's economy unexpectedly slipped into recession before pulling back as the grim economic news sent Tokyo stocks tumbling. The greenback also eased against a basket of major currencies."A lot of new shorts were put into gold after we broke below $1,180 and as we came back through it, there was some short-covering," said a Hong Kong-based trader with a bullion bank."The $1,180 level is still the one that everyone is looking at and ...

CBOT corn to drop to $3.73-3/4 SINGAPORE: CBOT December corn is expected to fall to $3.73-3/4 per bushel as it has broken support at $3.83.Support has been identified as the 38.2 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle that developed from Oct. 1 low of $3.18-1/4. The next support will be at $3.73-3/4, the 23.6 percent level.A sudden surge above $3.83 could signal the presumed break was false, and the target at ...
CBOT wheat to rise to $5.71-1/2 SINGAPORE: CBOT December wheat is expected to rise to $5.71-1/2 per bushel, as it has broken a resistance at $5.60.The resistance is identified as the 61.8 percent Fibonacci projection level of an upward c, the third wave of a three-wave cycle that developed from the Sept. 25 low of $4.66-1/4.The next resistance will be at $5.71-1/2, the 76.4 percent projection level. It is highly likely that the wave c may extend to $5.90-1/4, the 100 ...
Palm snaps 3-day losing streak, but prices still rangebound KUALA LUMPUR: Malaysian palm oil futures edged up on Monday to snap a three-day losing streak, although lacklustre export demand and investor uncertainty about November crude palm oil output in the world's biggest growers kept prices rangebound."People are talking about lower production, but we're not sure how much production can fall," said a trader with a foreign commodities brokerage in Kuala Lumpur."The market is still in sideways trading. Any new change in fundamentals may move ...
Spot gold to retrace to $1,179 SINGAPORE: Spot gold faces a resistance at $1,194 per ounce and may retrace to a support at $1,179.The resistance and the support are identified as the 50 percent and the 38.2 percent Fibonacci retracements on the fall from the Oct. 21 high of $1,255.20 to the Nov. 7 low of $1,131.85.The wave pattern suggests that the sharp surge on Nov. 14 was driven by a wave c, which seems to have completed, as it had ...
LME aluminium to retest support at $2,008 SINGAPORE: LME aluminium is expected to test a support at $2,008 per tonne, a break below which will lead to a further loss to $1,986. A rebound from the Nov. 14 low of $2,011 has ended around a resistance at $2,035, the 23.6 percent Fibonacci retracement on the rise from the Oct. 24 low of $1,953 to the Nov. 6 high of $2,078.75. Aluminium could have been back on its downtrend which is extending towards ...
Wheat near 3-month top as cold weather threatens US yields SINGAPORE: US wheat was little changed on Monday and was trading near its highest since early August with harsh weather threatening crops in the United States and the Black Sea region, while soybeans rose, recouping some of the previous session's deep losses. Chicago Board of Trade wheat climbed 8.9 percent last week, its biggest advance since July 2012. The contract was trading quarter of a cent higher at $5.60-3/4 a bushel by 0229 GMT, near ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln