China working on building free trade ports www.chinadaily.com.cn

BEIJING - The Ministry of Commerce is working on the building of free trade ports in China's free trade zones (FTZs), a spokesman said Thursday.

Key Takeaways from "Invest Mongolia 2017 Ulaanbaatar" www.mongolianbusinessdatabase.com

Between September 4 and 5, Frontier LLC hosted the eleventh annual conference of Invest Mongolia at the Shangri-La Hotel, Ulaanbaatar. The conference was attended by 1100 participants, the largest number to date.

As in past years, Invest Mongolia 2017 brought together speakers from the public and private sectors, international experts and foreign investors. However, this year’s conference was even more significant than those in previous years because the Government of Mongolia was a co-organizer, resulting in substantial participation by government officials.
Panel discussions and presentations ranged far and wide, covering the economy, individual sectors and the political environment. Below, we summarize the key takeaways in six sections:

Copper prices fall www.mining.com

Copper prices fell 0.71 per cent to $6,993 a tonne during Wednesday’s midmorning trade.

'Golden Arches': McDonald's gets new China name following unit sale www.reuters.com

SHANGHAI (Reuters) - U.S. fast food giant McDonald’s Corp (MCD.N) is getting a name change in China - at least on paper.

October 25, 2017 trading report www.mse.mn

On October 25, 2017, 162,162 shares of 27 firms listed as Tier I, II, and III were traded. 7 firms’ shares increased in price, 18 decreased and 2 remained unchanged. Mongol Savhi JSC /UYN/ was the top performer, increasing 8.36 percent, whereas Kherlen Carpet JSC /HRL/ was the worst performer, decreasing 12.19 percent.

-DI Above +DI on Shares of Mongolia Holdings Inc (MNHD) www.stockpressdaily.com

Focusing in closer on shares of Mongolia Holdings Inc (MNHD), we have seen that the Minus Directional Indicator is presently above the Plus Directional Indicator. Traders tracking these indicators might be looking for the stock to be gaining bearish momentum.

At the time of writing, the 14-day ADX for Mongolia Holdings Inc (MNHD) is 7.20. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Traders watching the charts on Mongolia Holdings Inc (MNHD) may be interested in viewing the RSI. In terms of Relative Strength Index, the 14-day RSI is currently sitting at 38.59, the 7-day is 24.95, and the 3-day is spotted at 3.64. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.

Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, Mongolia Holdings Inc (MNHD) has a 14-day Commodity Channel Index (CCI) of -118.78. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Technical analysts may be interested in how Mongolia Holdings Inc (MNHD) is trading in relation to some moving averages. Presently, the 200-day MA is resting at 0.19, and the 50-day is 0.08. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader calculate reliable support and resistance levels for the stock.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Mongolia Holdings Inc (MNHD) is currently sitting at 0.01. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

Government proposes to allocate allowance of MNT 300 thousand to all state servants www.montsame.mn

Ulaanbaatar /MONTSAME/ The Government has reached to agreement with the International Monetary Fund on allocating single-benefit allowance of MNT 300 thousand to each 192 thousand state servants.

Mongolia : Technical Assistance Report-Report on the Prices Statistics Mission www.imf.org

In response to a request from the National Statistics Office of Mongolia (NSOM), a technical assistance mission visited Ulaanbaatar, Mongolia during April 17–28, 2017, to provide assistance with updating and improving the Consumer Price Index (CPI) and the Industrial Producer Price Index (IPPI). The mission also provided advice on the Restaurant Index and Export Import Unit Value Indexes (XMUVI), and reviewed the index compilation system used by the NSOM. The mission found the CPI’s expenditure weights were likely to overstate the significance of automobiles and motorcycles as they include secondhand purchases from other households. The next Household Income and Expenditure Survey (HIES) must identify these purchases so that the weights reflect net household expenditure by excluding transactions between households. The mission also recommends an adjustment to the expenditure shares in the updated CPI based on alternative data sources and improvements to the compilation procedure used to estimate the monthly price change for automobiles and motorcycles.

Mongolia launches $650m bond offering www.ft.com

The Government of Mongolia has launched a $650m bond offering in the latest example of so-called “frontier markets” lowering their borrowing costs by feeding insatiable demand from yield-hungry institutional investors.

China's launch of 'petro-yuan' in two months sounds death knell for dollar's dominance www.rt.com

One of the world’s top energy importers, China, is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar's global dominance.

The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of Graticule Asset Management Asia Adam Levinson, as quoted by Bloomberg.
Earlier this year, the Chinese government announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The contract will enable the country's trading partners to pay with gold or to convert yuan into gold without the necessity to keep money in Chinese assets or turn it into US dollars.