Learn Commodity trading system via 3 FREE Trade Setups…Commodity online trading to help discover…Commodity option and commodity day trading experts show indicators and charts inside commodity trading course limited to…

The increasing threat of Sri Lanka being suspended from the European Union’s Generalised System of Preferences Plus (GSP+) framework of preferential trade tariffs constitutes an upside risk to our forecast of a US$3.8bn trade deficit in 2010. However, strong remittance and foreign direct investment inflows should keep Sri Lanka’s balance-of-payments position secure. View full post [...]

Core View: We continue expect that wheat prices will average USc520/bushel in 2010 and USc575/bushel in 2011. The global wheat market is oversupplied and burgeoning stockpiles should keep a lid on prices over our two-year forecast period. We project a global wheat surplus of 12.1mn tonnes in 2009/10 and 24.4mn tonnes 2010/11, which should help [...]

BMI View: We believe that Ghana’s budget deficit will get worse before it gets better, owing to an anticipated acceleration in the growth of spending in 2010. We are forecasting a budget deficit of GHS2.8bn (10.4% of GDP) in 2010, which would be a deterioration on the estimated GHS1.5bn (6.2% of GDP) shortfall in 2009. [...]

Saudi Arabia’s Tadawul All Share Index (TASI) continues to be a regional favourite of ours; its rally over the past week or so has brought our medium-term target of 6,578 – the index’s Q409 high – into range. Having recently bounced off medium-term technical support, the TASI pushed up to close the week on February [...]

Having rallied impressively from their early February lows, base metals now look slightly precarious on a short-term basis. A broad bounce across the complex has allowed for the unwinding of previously oversold momentum and as a result, the technical rationale for further short-term gains is limited unless key levels of resistance (previously multi-month support) are [...]

The Russian rouble pushed through a key resistance level at RUB35.00 versus the dollar-euro basket it is managed against on February 18, at one point trading at a 13-month high of RUB34.94/basket. The move indicates that the Central Bank of Russia (CBR) has shifted the intervention band higher for the first time since November, with [...]

BMI View: Robust economic recoveries have seen a continued improvement in the ability of Latin American sovereigns to service external debt obligations. However, large external imbalances have seen several countries in the region slip in our sovereign risk ratings, as these look particularly vulnerable to the need to restructure sovereign debt. Nevertheless, strong ‘willingness to [...]