EPIC RESEARCH MCX NICKEL UPDATE OF 29 APRIL 2016
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Nickel trading range for the day is 598.9-623.9. Nickel gained due to a lower dollar after the U.S. central bank left interest rates on hold and as the market waited for confirmation of stronger demand in China.
Investors await the release of key U.S. inflation data on Friday for a more accurate gauge of price stability in the world's largest economy.
Gross domestic product in the U.S. showed a larger-than-expected deceleration in the first quarter to the slowest pace in two years, according to official preliminary data.
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