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10 Apr 2015

LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of most base metals viz. Copper, Zinc, Lead and Aluminium. While, Nickel inventories witnessed a built-up.

Copper stocks decreased by 75 tonnes. While stock levels of lead and zinc deducted 1550 tonnes and 475 tonnes respectively. Aluminium stocks witnessed a massive drawdown of 7200 tonnes for the third day in a row. By contrast, Nickel inventories added mere 120 tonnes.
Apr 10, 2015

DAX at record highs above 12300

Germany’s benchmark index, the DAX opened higher with a positive gap of 65 points and rallied to all-time highs, moving in tandem with its European counterparts largely on broader euro weakness which helps the exports stocks on the index.
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Apr 10, 2015

EUR/GBP rebounds to 0.7240

After bottoming out in the proximity of 0.7220, EUR/GBP managed to trim losses and retake the 0.7240 area...
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