Yen Rises as Recession Fears Reduce Investor Demand for Carry

Nov. 18 (Bloomberg) -- The yen rose for a third day against the euro as growing evidence of a recession in the world's largest economies prompted investors to sell higher-yielding assets and pay back low-cost loans in Japan's currency.
The yen also gained against the South African rand and the British pound on expectations Asian stocks will follow Wall Street lower. The Australian and New Zealand dollars declined on speculation a slowdown worldwide will crimp demand for the commodities the two countries export.

FKLI 15 minutes chart

FKLI 15 min forms a decending triangle, expect 2nd trading session to trade downward with support seen at 858 which is 61.8% fibonacci ratio. Failure to hold against selling pressure shall indicates further bear market.

Breaking News-RTRS-China soy, soyoil market stay strong, corn weak-survey

BEIJING, Nov 14 (Reuters) - China's soy and soyoil markets were expected to remain strong in the week ahead, although the outlook for soyoil weakened as supplies grew, while corn remained bearish on weak demand, according to a survey by an official think-tank. China's imports of soybeans remained robust even after the slide of domestic soy prices, but the price drop left domestic prices higher than imports, according to the survey by the official China National Grain and Oils Information Centre (CNGOIC).

Breaking News-RTRS-Palm seen at 1,600 ringgit on weak economies-Mistry

KUALA LUMPUR, Oct 17 - Malaysian crude palm oil futures are likely to hover at 1,600 ringgit per tonne as long as oil prices trade around $80 a barrel amid a slowdown in the global economy, top industry analyst Dorab Mistry said on Friday. Mistry said palm oil at 1,600 ringgit -- slightly more than a third above the break even point for mid-size plantation firms -- was also thanks to bumper harvests in top producers Malaysia and Indonesia while Asian demand cooled. He said prospects of palm getting channeled into biofuels could be slim unless prices continue to stay low for at least 8 to 10 weeks because margins are always erased when traders start locking in positions in anticipation of higher demand. "If crude oil is trading at or below $80 and the prognosis is for a weak economy and lower prices, then palm oil needs to get ahead of the curve and to demonstrate its price competitiveness," Mistry said in a speech to be delivered at an industry conference in China.