EPIC RESEARCH MCX NICKEL UPDATE OF 26 June 2018

Posted by Commodity Updates by Epic Research on 16:42:00 with No comments

Nickel trading range for the day is 975.3-1049.3.

Nickel dropped on profit booking with pressure from escalating trade tensions between the United States

China’s central bank said it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity.

Fears of a full-blown trade war with Washington had magnified concerns about the outlook following weaker-than-expected growth data for May.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites

FacebookTwitterYouTubePinterestLinkedinGoogle+