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The price of Tin in Malaysia Stock Exchange rose on Thursday. The increase in the price of Tin supported by waning expectations of USD rate hike after the release of Minutes of the Fed meeting. US Federal Reserve policymakers agree that further economic data are needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes of the US central bank policy meeting July 26 to 27. It looks like tin price movements Malaysia at the next trade limited the potential to strengthen the potential dollar weakness with dovish signal for a US rate hike. Price will face the resistance level at level 18.450 . But if there is a decrease, the price of tin will face a support level at 17.950.

Piotr Matys, explains that they have argued that the reluctance to even consider a rate hike by Poland’s rate setters led by Governor Glapinski leaves the zloty more sensitive and vulnerable to the global backdrop. Key Quotes The latest comments from Poland’s most hawkish policy maker Kamil Zubelewicz validated our view. “The dovish rhetoric, in my opinion, is unnecessary and it doesn’t serve the Polish currency, Mr Zubelewicz said in an interview with Bloomberg.” The higher the core inflation, the more important the role of the zlotys to dollars rate and its volatility, he told Bloomberg. They impact many non-core components of inflation. That’s why the currency is so important for the stability of our monetary policy. We fully agree with Mr Zubelewicz. To recall, earlier this week we wrote that we find it increasingly difficult to justify the wait-and-see approach. The labour market continues to tighten, which applies upside pressure on wage growth at the time when private consumption is a major source of growth. The outlook for the Polish economy is relatively positive and maintaining GDP growth at or even above 4% y/y in the coming quarters is a realistic scenario. “It is also worth noting that last year the NBP used a stronger zloty as one of the main reasons not to raise rates. However, so far this year the zloty has actually depreciated. A weaker currency would not only have inflationary consequences due to higher costs of imports, but a far more volatile zloty could also undermine confidence amongst households and corporates.” “While comments from Mr Zubelewicz are positive for the zloty, as long as Governor Glapinski is not concerned about a weaker currency, it is difficult to expect that he will abandon his preference – shared by the majority of the MPC - to keep rates on hold throughout 2019 and perhaps until 2020. The wait-and-see bias will continue to weigh on the zloty.”

The price of sugar futures on ICE Futures exchange New York weekend early Saturday (26.09) ended flat, only increased slightly.Dealers said the easing of buying began to hold two rallies sharp gains last week. At the close of trading early on Saturday sugar futures for the most active contract is a contract in March 2017 closed up 0.03 percent, or 0.1 percent, 22.70 cents per pound, extending a rally in the previous session following the end with five percents. For the week, Sugar's futures price is still positive, up 1.02 percent on the forecast decline in production and the Fed's decision to keep interest rates remain this September. Raw Sugar futures price estimated in New York rose to potentially further dollar weakness and also to test the resistance level at 23.20 cents and later 23.70 cents. While the level of support that will be tested if prices decline is at 22.20 cents and later 21.70 cents per pound.

At the end of trading on Thursday morning , Rotterdam's coal price rises pushed higher crude oil prices. At the end of the trading, price of coal Rotterdam futures contract in August 2016 rose to around 62.60 dollars per ton. Commodity prices gained 0.40 dollars or equivalent to 0.64 percent compared to the previous closing. The estimate predicted that the price movement of coal futures Rotterdam at the next trade potentially strengthened by the potential weakening of the US dollar after minutes of the Fed signals a dovish US rate hike and also bad unemployment claims prediction from economist. The price of coal futures could potentially test the resistance level at 63.10 dollars and support at the 62.10 level.

The price of CPO in Malaysia commodity exchanges on trading Friday afternoon was observed to rise. CPO price hike this afternoon triggered with the weakening of ringgit against US dollar and the rising of crude oil prices. On this afternoon observed US dollar strengthened against the ringgit, the pair rose up to 4.01110. CPO futures price movements seem at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the resistance level at 2,570 ringgit and 2,620 ringgit. While the level of support that will be tested if prices decline in a position 2,470 ringgit and 2,420 ringgit.

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