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Shanghai copper to end rebound around 48,430 yuan SINGAPORE: Shanghai copper may end its current weak rebound around a resistance at 48,430 yuan per tonne and then fall towards a support at 47,720 yuan.The resistance and the support are respectively provided by the 38.2 percent and the 61.8 percent Fibonacci projection levels of a downward wave c, which has been presumed to have started at 49,580 yuan, the closing price on the hourly chart on Sept. 17.This wave has not completed, as it is capable of travelling to 46,570 yuan, its 100 percent projection level. As a result, the current rebound could be brief, to be reversed by a drop very soon.The views expressed are his own.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 legal advice regarding the products mentioned in the analyses. Copyright Reuters, ...

Palm oil to consolidate in 2,060-2,150 ringgit range SINGAPORE: Palm oil has found a support at 2,060 ringgit per tonne and may consolidate above this level and below a resistance at 2,150 ringgit for one or a few days. The support and the resistance are respectively provided by the 14.6 percent and the 23.6 percent Fibonacci retracements on the fall from the March 11 high of 2,916 ringgit to the Sept. 2 low of 1,914 ringgit. The rebound from 1,914 ringgit has ended ...
Soy hits 4-year low on supply pressure, wheat up for 2nd day SINGAPORE: Chicago soybeans edged up after sliding to a four-year low on Tuesday, while corn eased to trade near its lowest since 2010 as favourable weather across much of US Midwest is expected to boost harvest of record crops. Wheat rose for a second day as the world's biggest importer, Egypt, bought a US cargo for the first time since March. Chicago Board Of Trade front-month soybeans rose 0.4 percent at $9.41-1/2 a bushel at ...
China steel, iron dip again, no stimulus to mop up supply glut BEIJING: Steel futures in China continued their long slump on Tuesday, with no sign that steel or iron ore demand will pick up in a chronically oversupplied market.The most traded rebar contract on the Shanghai Futures Exchange fell 1.17 percent on Tuesday morning to another new low of 2,618 yuan ($426) per tonne. The most active iron ore contract on the Dalian Commodity Exchange dropped 0.5 percent to end at 557 yuan per tonne.Benchmark 62 ...
Copper bounces from 3-mth low after China flash PMI data SINGAPORE: London copper futures rebounded from their three-month lows on Tuesday after a private survey showed China's manufacturing sector expanded at a slightly faster pace than expected, but lack of physical buying suggested the industrial metal and its peers were not out of the woods yet.Nickel shrugged off the preliminary Purchasing Managers' Index data for September and fell more than 3 percent to its weakest since April on worries about global surplus. Other base metals ...
Palm slips to over one-week low on technical correction, weak soy KUALA LUMPUR: Malaysian palm oil futures stretched losses into a second session on Monday to hit a more than one-week low, weighed down by falls in competing markets overseas and further technical correction.Although palm's demand outlook has brightened, thanks to an export duty cut on its crude grade, as well as anticipation that output may have already peaked in August, traders said the rally in benchmark prices had to be reined in.Market participants said Malaysian ...
Tokyo, Shanghai futures fall to multi-year lows on China growth worries SINGAPORE/BANGKOK: Tokyo rubber futures tumbled more than 3 percent to near its 5-year low on Monday, tracking falling Shanghai rubber prices that also declined sharply due to concerns over China's economic outlook, dealers said.The Tokyo Commodity Exchange rubber contract for February delivery edged down 5.7 yen to settle at 183.5 yen per kg.It fell as much as 6.2 yen, or 3.3 percent, to an intra-day low of 183 yen per kg, the lowest since Sept. ...


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln