EPIC RESEARCH MCX NICKEL UPDATE OF 9 JUNE 2016
Posted by Unknown on 12:28:00 with No comments
Nickel trading range for the day is
571-613.6.
Nickel prices rallied an improving trade outlook in China boosted investor appetite for commodities
Support also seen as the dollar stayed weak on expectations of a delayed rate hike by the Federal Reserve with a two-day holiday in China.
Signs are emerging that a downturn in the United States and China, may have bottomed, the OECD's monthly leading indicator showed.
Nickel prices rallied an improving trade outlook in China boosted investor appetite for commodities
Support also seen as the dollar stayed weak on expectations of a delayed rate hike by the Federal Reserve with a two-day holiday in China.
Signs are emerging that a downturn in the United States and China, may have bottomed, the OECD's monthly leading indicator showed.
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