EPIC RESEARCH MCX NICKEL UPDATE OF 11 JULY 2016

Posted by Farhan Khan on 13:13:00 with No comments
Nickel trading range for the day is 642.9-678.7.
Nickel prices gained after the Philippines ordered the suspension of operations at two nickel mines in an environmental crackdown.        
The Philippines will also halt the issue of mining exploration permits for a month while all mines are audited.              
The unemployment rate rose moderately by 0.2 to 4.9%, remaining below the Fed's objective of 5%, while the labor force participation rate inched up by 0.1 to 62.7%.

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