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CBOT soybeans signals mixed  SINGAPORE: Signals are mixed for CBOT Nov. soybeans as they have approached a support at $15.17-1/2 per bushel.   The support is at the 261.8 percent Fibonacci projection level of a downward wave C. It is not clear if this support would trigger a rebound, as rebounds have occurred at the 138.2 percent level of $16.34-3/4, the 176.4 percent level of $15.98-1/2 and the 223.6 percent level of $15.54.   It seems there is higher chance of a rebound than that of a further drop, as the support is enhanced by another one provided by the lower channel line of a falling channel.   A further drop to $15.10 will confirm a valid break below the support, and a bearish target at $14.59, the 323.3 percent projection level, will be established.   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 ...

Iron ore flat as physical, swaps markets slow with China away  SINGAPORE: Spot iron ore prices steadied on Tuesday amid a dearth of bids and offers in both physical and forward swaps markets, silenced by a week-long public holiday in top iron ore importer China.   Prices are likely to bounce back when the Chinese return next week after the Oct 1-5 National Day break and replenish their stockpiles of the steelmaking raw material, although sluggish Chinese steel demand would keep any gains in check, traders said.   Benchmark iron ...
South Korea won edges down on intervention risk; bonds flat  SEOUL: The South Korean won wound back from a 11-month high against the dollar and fell slightly early on Tuesday, as investors kept wary of possible intervention by local authorities.   The local currency was quoted at 1,113.6 per dollar at 0025 GMT, compared to Friday's domestic close at 1,111.4. Traders have been cautious to push the won higher on possible intervention after the won hit its highest intraday level this year last Friday.   Markets were closed on ...
Indonesia JAKARTA: Indonesia's cocoa bean exports from its main growing island of Sulawesi rose 133 percent to 17,240.14 tonnes in September from 7,388.28 tonnes a year earlier, industry data showed on Tuesday.   September cocoa bean exports were almost four times higher than in August.   Indonesia, the third-largest producer after Ivory Coast and Ghana, is battling disease and adverse weather conditions that have hampered cocoa supplies for years.   Copyright Reuters, 2012 ...
CBOT corn to retrace to $7.44  SINGAPORE: CBOT December corn would retrace more to $7.44 per bushel, as it has completed a rebound that started at $7.05.   The first leg of the fall from $7.68-1/2 has reached a support at $7.53-1/2, the 23.6 percent Fibonacci retracement on the rise from $7.05 to $7.681-1/2. This support will temporarily stop the fall.   However, it is uncommon for a retracement to just end around the 23.6 percent level of the preceding trend. Statistically and empirically, 0.382 ...
China to hold 10 government bond auctions in Q4  SHANGHAI: China's Ministry of Finance will hold 10 government bond auctions in the fourth quarter, starting with a seven-year sale on October 10, the ministry said on Saturday. The number of auctions is slightly lower than the 14 batches sold in the third quarter. The volume of each issue is typically announced one week before the auction. The auctions in the third quarter include one super long-dated bond of 50 years. The ministry also said it would separately ...
Taiwan buys 50,550 T wheat from US in tender  HAMBURG: The Taiwan Flour Millers' Association has purchased 50,550 tonnes of milling wheat to be sourced from the United States in a tender for the same volume which closed on Friday, European traders said.   The seller was said to be Toepfer International.   The tender sought shipment in a single consignment between Nov. 10-Nov. 24 from the US Pacific North West.   Traders said the purchase comprised dark northern spring wheat bought at $405.46 a tonne c&f and hard red ...


Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12

Banking Review 2013

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