Psiptek counter no use wan, only know how collect money from shareholders. When earned profit, dividend also don't want to give. Share price also don't want to increase.

Lonbisc nta is 2.18. Now only 0.77 in market.

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CORPORATE
FROM THE EDGE
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
/
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
-A+A
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.

Select Language​▼
CORPORATE
FROM THE EDGE
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
/
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
-A+A
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.

Select Language​▼
CORPORATE
FROM THE EDGE
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
/
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
-A+A
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.

London biscuits net total asset worth Two Ringgit and eighteen sen. The price is undervalued at Seventy seven sen in stock market.

Lonbisc net assets worth 2.18. Stock market price cost 0.77.

August 16, 2017 4:13 am JST
Volatility spikes as Hong Kong dollar continues to slide
Jittery traders keep eyes peeled for hint of market intervention
KEIICHIRO MORIYASU, NQN staff writer

© Reuters
HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency more vulnerable to wild swings.

Under a currency board system, the Hong Kong dollar is pegged to the greenback at a range of HK$7.75-7.85. The exchange rate hovered at close to the HK$7.75 ceiling at the start of 2017, but it has declined gradually to fall to near HK$7.8275 on Aug. 9. That price is within arm's reach of the HK$7.8294 low recorded on Jan. 20, 2016.

While within the accepted range of the pegged system, the Hong Kong dollar's weakness is surprising, given that Hong Kong equities have excelled this year even among high-performing Asian peers, and housing prices are on the rise as well. Normally one might well expect investor cash to pour in, buoying the currency.

August 16, 2017 4:13 am JST
Volatility spikes as Hong Kong dollar continues to slide
Jittery traders keep eyes peeled for hint of market intervention
KEIICHIRO MORIYASU, NQN staff writer

© Reuters
HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency more vulnerable to wild swings.

Under a currency board system, the Hong Kong dollar is pegged to the greenback at a range of HK$7.75-7.85. The exchange rate hovered at close to the HK$7.75 ceiling at the start of 2017, but it has declined gradually to fall to near HK$7.8275 on Aug. 9. That price is within arm's reach of the HK$7.8294 low recorded on Jan. 20, 2016.

While within the accepted range of the pegged system, the Hong Kong dollar's weakness is surprising, given that Hong Kong equities have excelled this year even among high-performing Asian peers, and housing prices are on the rise as well. Normally one might well expect investor cash to pour in, buoying the currency.

Londonbisc net total assets worth 2.18 while its stock market at 0.765. Still worth to invest.

Londonbisc net total assets is 2.18. Share price currently at 0.765. Soon will fly.

London biscuit nta 2.18. Market price undervalued at 0.765. Worth to buy.

London biscuit nta at 2.18. Market share price at 0.765. Very cheap.

London biscuit nta 2.18. Current share price at 0.765. Very cheap.

Its nta 2.18. Current share price 0.765 is very cheap. Undervalued 65%

Just first wave. Wait for more highest wave soon.

KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.

KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.

KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.

Psiptek nta 0.59. Share price 0.13.

Psiptek nta 0.59. Share price 0.13

Psiptek nta is 0.59. Share price 0.13

Inflation data pulls USD lower
AUGUST 14, 20177:36AM
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THE Australian dollar is higher against its US counterpart which has eased after disappointing US inflation data. At 0635 AEST on Monday, the Australian dollar was worth 78.89 US cents, up from 78.58 US cents on Friday.
Westpac’s Imre Speizer said disappointing US inflation report helped push the greenback down.
The US consumer price index (CPI) disappointed for the fifth consecutive month, with its core measure at 0.1 per cent, versus an expected 0.2 per cent, leaving the annual rate at 1.7 per cent, against the expected 1.8 per cent. “The US dollar index closed down 0.4 per cent ... (while the) AUD rose from 0,7844,” he said in a morning note.

ANALYSIS | 00:07 GMT
Disappointing U.S. Inflation sends U.S. Dollar lower
OzForex Research OzForex Research
OzForex Foreign Exchange
AUD / USD
Expected Range: 0.7850 – 0.7950

The Australian Dollar edged marginally higher into the close on Friday briefly edging back through 0.79 U.S cents. With little domestic data on hand to drive direction the AUD remained at the mercy of wider risk flows and touched intraday lows at 0.7844. As global political tensions escalate investors continued to seek haven assets bolstering demand for the CHF and JPY dampening demand for the AUD as a carry trade option. However weaker U.S inflation data helped fuel a late upturn and drove the AUD through 0.79 to touch intraday highs at 0.7908. Consumer prices rose at a slower pace than expected in July stifling investors’ expectations for multiple Federal Reserve rate hikes into the end of the year. Opening this morning buying 0.7889 U.S cents attentions now turn to Tuesday’s RBA meeting minutes and Thursday’s labour market data for direction through the week ahead.



NZD / USD
Expected Range: 0.7250 – 0.7350

The New Zealand Dollar rallied into the close on Friday bolstered by softer than anticipated U.S inflation data. Having touched intraweek lows at 0.7258 the Kiwi’s weekly decline stalled as consumer prices in the U.S advanced at a slower pace than anticipated throughout July. The softer print forced a wider USD sell off and allowed the New Zealand dollar to move back through 0.73. Attentions now turn to today’s domestic retail print for direction into the start of the week.



GBP / AUD
Expected Range: 1.6400 – 1.6600

The Great British Pound finished the week weaker against the Greenback, for a second consecutive week, dominated by risk aversion. The Sterling reached a Friday low of 1.2939. Looking ahead this week on the local data front all attentions turn to Tuesdays July inflation figures with CPI and PPI scheduled. On Thursday we will see the release of retail price index also for the month of July. The GBP/USD pair is currently trading at 1.3007. We now expect support to hold on moves approaching 1.2980 while any upward push will likely meet resistance around 1.3030.

ANALYSIS | 00:07 GMT
Disappointing U.S. Inflation sends U.S. Dollar lower
OzForex Research OzForex Research
OzForex Foreign Exchange
AUD / USD
Expected Range: 0.7850 – 0.7950

The Australian Dollar edged marginally higher into the close on Friday briefly edging back through 0.79 U.S cents. With little domestic data on hand to drive direction the AUD remained at the mercy of wider risk flows and touched intraday lows at 0.7844. As global political tensions escalate investors continued to seek haven assets bolstering demand for the CHF and JPY dampening demand for the AUD as a carry trade option. However weaker U.S inflation data helped fuel a late upturn and drove the AUD through 0.79 to touch intraday highs at 0.7908. Consumer prices rose at a slower pace than expected in July stifling investors’ expectations for multiple Federal Reserve rate hikes into the end of the year. Opening this morning buying 0.7889 U.S cents attentions now turn to Tuesday’s RBA meeting minutes and Thursday’s labour market data for direction through the week ahead.



NZD / USD
Expected Range: 0.7250 – 0.7350

The New Zealand Dollar rallied into the close on Friday bolstered by softer than anticipated U.S inflation data. Having touched intraweek lows at 0.7258 the Kiwi’s weekly decline stalled as consumer prices in the U.S advanced at a slower pace than anticipated throughout July. The softer print forced a wider USD sell off and allowed the New Zealand dollar to move back through 0.73. Attentions now turn to today’s domestic retail print for direction into the start of the week.



GBP / AUD
Expected Range: 1.6400 – 1.6600

The Great British Pound finished the week weaker against the Greenback, for a second consecutive week, dominated by risk aversion. The Sterling reached a Friday low of 1.2939. Looking ahead this week on the local data front all attentions turn to Tuesdays July inflation figures with CPI and PPI scheduled. On Thursday we will see the release of retail price index also for the month of July. The GBP/USD pair is currently trading at 1.3007. We now expect support to hold on moves approaching 1.2980 while any upward push will likely meet resistance around 1.3030.

Will reach lowest, hibernating and shot up after wake up.

Washington (CNN)North Korea's military is "examining the operational plan" to strike areas around the US territory of Guam with medium-to-long-range strategic ballistic missiles, state-run news agency KCNA said early Wednesday local time.

Specifically, the statement mentioned a potential strike on Andersen Air Force Base designed "to send a serious warning signal to the US."

Washington (CNN)North Korea's military is "examining the operational plan" to strike areas around the US territory of Guam with medium-to-long-range strategic ballistic missiles, state-run news agency KCNA said early Wednesday local time.

Specifically, the statement mentioned a potential strike on Andersen Air Force Base designed "to send a serious warning signal to the US."

Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.

Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.

Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.

Don't care about the dividend. Important is the share price move up to 1.50 to 2.00, then sell it for $$$.

Bank Indonesia has prepared a draft bill on the redenomination of the Indonesian Rupiah (Draft Bill). The Draft Bill is aiming to improve the economic efficiency and to create smoother commercial transactions. The Draft Bill suggests to remove the final 3 digits of the current Rupiah. By removing the final three digits, the use of the Rupiah would be simplified, however the value of the Rupiah would remain the same.



Circulation Procedures of the New Indonesian Rupiah

The circulation of the new Rupiah will consist of two phases:

The First Phase (January 1, 2020 – December 31, 2024):
Bank Indonesia will issue and circulate the physical currency with the sign “new” incorporated onto the body of the money (First New Money).
The Old Rupiah can still be used as payment method, until its revocation on December 31, 2024
The Old Rupiah can still be exchanged at Bank Indonesia until December 31, 2034
The Second Phase (January 1, 2025 – December 31, 2028)
Bank Indonesia will issue and circulate the physical currency, without the sign “new” incorporated onto be body of the currency
The First New Money will be valid until its revocation on December 31, 2028
The First New Money can be exchanged at Bank Indonesia until December 31, 2038

Bank Indonesia has prepared a draft bill on the redenomination of the Indonesian Rupiah (Draft Bill). The Draft Bill is aiming to improve the economic efficiency and to create smoother commercial transactions. The Draft Bill suggests to remove the final 3 digits of the current Rupiah. By removing the final three digits, the use of the Rupiah would be simplified, however the value of the Rupiah would remain the same.



Circulation Procedures of the New Indonesian Rupiah

The circulation of the new Rupiah will consist of two phases:

The First Phase (January 1, 2020 – December 31, 2024):
Bank Indonesia will issue and circulate the physical currency with the sign “new” incorporated onto the body of the money (First New Money).
The Old Rupiah can still be used as payment method, until its revocation on December 31, 2024
The Old Rupiah can still be exchanged at Bank Indonesia until December 31, 2034
The Second Phase (January 1, 2025 – December 31, 2028)
Bank Indonesia will issue and circulate the physical currency, without the sign “new” incorporated onto be body of the currency
The First New Money will be valid until its revocation on December 31, 2028
The First New Money can be exchanged at Bank Indonesia until December 31, 2038

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Flyer launched for the protest.
DHARAMSHALA: Tibetans living in exile in India are going to hold a protest rally under the banner 'Tibet's independence, India's security' in Delhi over worsening relations between India and China due to the Doklam issue. Tibetan Youth Congress (TYC), one of the largest groups formed of young Tibetans in 1970, has given a call to this rally. It will take place on August 11, 2017. Tibetans will gather at Ramlila Maidan and will hold procession till Jantar Mantar in the national capital.
The organization has 35,000 members worldwide. "We are the largest NGO in exile and are going to hold this rally to highlight that Tibet's independence is the safest guarantee for India's security and peace along the Himalayas. We believe that Tibetans must be a part of discussions concerning the borders" said Tenzin Jigme, President of TYC.

Headquarters of the TYC are situated in Mcleodganj near here. It has 88 chapters in various countries, out of which 65 are in India who would be participating in this protest along with some Indian groups also, said officials of the organization. "Confirmations about the Indian leaders and groups will come in a day or two" they said.

Flyer launched for the protest.
DHARAMSHALA: Tibetans living in exile in India are going to hold a protest rally under the banner 'Tibet's independence, India's security' in Delhi over worsening relations between India and China due to the Doklam issue. Tibetan Youth Congress (TYC), one of the largest groups formed of young Tibetans in 1970, has given a call to this rally. It will take place on August 11, 2017. Tibetans will gather at Ramlila Maidan and will hold procession till Jantar Mantar in the national capital.
The organization has 35,000 members worldwide. "We are the largest NGO in exile and are going to hold this rally to highlight that Tibet's independence is the safest guarantee for India's security and peace along the Himalayas. We believe that Tibetans must be a part of discussions concerning the borders" said Tenzin Jigme, President of TYC.

Headquarters of the TYC are situated in Mcleodganj near here. It has 88 chapters in various countries, out of which 65 are in India who would be participating in this protest along with some Indian groups also, said officials of the organization. "Confirmations about the Indian leaders and groups will come in a day or two" they said.

16 HOURS AGO by: Amy Kazmin in New Delhi
On a windswept Himalayan plateau usually frequented by seasonal yak herders, hundreds of troops from China’s People’s Liberation Army and the Indian Army are locked in a stand-off over a small but strategic piece of land.

Bullets are not flying, but rhetoric is, with Beijing warning New Delhi to “correct its mistake” by withdrawing its troops from the contested terrain, that China calls its own. 

India — which says it is has merely come to the defence of its tiny neighbour Bhutan that also claims the land — has ruled out a unilateral withdrawal, while insisting it wants a peaceful resolution of the problem.

16 HOURS AGO by: Amy Kazmin in New Delhi
On a windswept Himalayan plateau usually frequented by seasonal yak herders, hundreds of troops from China’s People’s Liberation Army and the Indian Army are locked in a stand-off over a small but strategic piece of land.

Bullets are not flying, but rhetoric is, with Beijing warning New Delhi to “correct its mistake” by withdrawing its troops from the contested terrain, that China calls its own. 

India — which says it is has merely come to the defence of its tiny neighbour Bhutan that also claims the land — has ruled out a unilateral withdrawal, while insisting it wants a peaceful resolution of the problem.

The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti.
Read more
© Maxim ZmeyevSanctions reload ushers in the ‘new normal’ for Russia
“We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar as a settling currency and so on. It is becoming a vitally important,” said Ryabkov.

“The US is using its dominating role in the monetary and financial system to impose pressure on foreign business, including Russian companies,” added the deputy minister.

When reached 0.10 and below can accumulate some for future profit.

Big one is accumulating energy. So, take a break.

Zzzzzzzzzzz

Sanctions On Venezuela Could Push Oil Into The Mid-$50s

Sanctions On Venezuela Could Push Oil Into The Mid-$50s

Sanctions On Venezuela Could Push Oil Into The Mid-$50s

“The US dollar fell against all G10 currencies except the Swiss franc,” he said in a Monday morning note. AUD/USD fell as far as 0.7937 in London trade, bounced above 0.7990 on the US data, flickered above 0.8000 briefly then steadied just below the figure.”

“The US dollar fell against all G10 currencies except the Swiss franc,” he said in a Monday morning note. AUD/USD fell as far as 0.7937 in London trade, bounced above 0.7990 on the US data, flickered above 0.8000 briefly then steadied just below the figure.”

2017 SUPER REFORM - WHAT THIS MEANS FOR YOU
THE MOST SIGNIFICANT SUPER CHANGES IN A DECADE
FREE EBOOK. DOWNLOAD TODAY.


A weak week for the US dollar and it helped commodities end on a solid note generally.

Oil, gold, copper, iron ore all rose, but wheat futures eased despite a worsening drought across much of Europe, the northern US and parts of Australia.
Iron ore prices dipped below $US69 per tonne (on a cfr basis delivered to northern China) on Friday despite active trading at Chinese ports ahead of the weekend.
The Metal Bulletin’s 62% iron oxide iron ore index fell back $US68.73 per tonne delivered to Qingdao in northern china, a fall of 2.1% or $US1.47 tonne. But that was stil up 2.3% on the week before’s close of $US67.14. Prices topped $US70 a tonne for two days last week.
Oil prices though surged by 8% last week - the largest weely rise since early December, with prices getting a lift from renewed production-curb commitments from OPEC members as well as uncertainty in Venezuela and problems in Nigeria.
Traders showed little reaction as data Friday on the latest number of active US oil rigs revealed a modest increase for the week after falls in two of the preceding three weeks.
September West Texas Intermediate crude rose 67 cents, or 1.4%, to settle at $US49.71 a barrel in New York—the highest finish for a most-active contract since May 26, according to FactSet.
It ended about 8.6% higher for the week.
In London Brent crude for September which expires at tonight’s settlement, added $US1.03, or 2%, to settle at $US52.52 a barrel, with prices up around 9.3% for the week.
Both contracts saw their biggest weekly percentage gains for a most-active contract since early December.
Another fall in US stocks and a drop in US production helped bolster confidence.
Baker Hughes reported that a small rise of 2 in the number of rigs looking for oil last week. That pushed them up to 766 after drop of one the week before.
The total active US rig count, which includes oil and natural-gas rigs, was also up 8 at 958.

2017 SUPER REFORM - WHAT THIS MEANS FOR YOU
THE MOST SIGNIFICANT SUPER CHANGES IN A DECADE
FREE EBOOK. DOWNLOAD TODAY.


A weak week for the US dollar and it helped commodities end on a solid note generally.

Oil, gold, copper, iron ore all rose, but wheat futures eased despite a worsening drought across much of Europe, the northern US and parts of Australia.
Iron ore prices dipped below $US69 per tonne (on a cfr basis delivered to northern China) on Friday despite active trading at Chinese ports ahead of the weekend.
The Metal Bulletin’s 62% iron oxide iron ore index fell back $US68.73 per tonne delivered to Qingdao in northern china, a fall of 2.1% or $US1.47 tonne. But that was stil up 2.3% on the week before’s close of $US67.14. Prices topped $US70 a tonne for two days last week.
Oil prices though surged by 8% last week - the largest weely rise since early December, with prices getting a lift from renewed production-curb commitments from OPEC members as well as uncertainty in Venezuela and problems in Nigeria.
Traders showed little reaction as data Friday on the latest number of active US oil rigs revealed a modest increase for the week after falls in two of the preceding three weeks.
September West Texas Intermediate crude rose 67 cents, or 1.4%, to settle at $US49.71 a barrel in New York—the highest finish for a most-active contract since May 26, according to FactSet.
It ended about 8.6% higher for the week.
In London Brent crude for September which expires at tonight’s settlement, added $US1.03, or 2%, to settle at $US52.52 a barrel, with prices up around 9.3% for the week.
Both contracts saw their biggest weekly percentage gains for a most-active contract since early December.
Another fall in US stocks and a drop in US production helped bolster confidence.
Baker Hughes reported that a small rise of 2 in the number of rigs looking for oil last week. That pushed them up to 766 after drop of one the week before.
The total active US rig count, which includes oil and natural-gas rigs, was also up 8 at 958.

Brent now at $52 and above.