EPIC RESEARCH MCX Nickel UPDATE OF 07 September 2018

Posted by Commodity Updates by Epic Research on 12:31:00 with No comments

Nickel trading range for the day is 883.5-911.3.

* Nickel ended with small gains as longs entered the market cautiously on concerns over potential US tariffs on $200 billion worth of Chinese goods.

* The Caixin China services purchasing managers' index (PMI) slipped to 51.5 in August from 52.8 in July.

* The US trade deficit rose to a five-month high in July, by 9.5% to $50.1 billion as exports dropped and imports hit a record high.

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