EPIC RESEARCH MCX Nickel UPDATE OF 17 January 2019

Posted by Commodity Updates by Epic Research on 11:21:00 with No comments

Nickel trading range for the day is 811.2-842.6.

* Nickel dropped on profit booking after prices gained as China signalled further stimulus measures to support economic growth and demand.

* In a sign of improving liquidity, Chinese banks extended far more new loans in December than expected, bringing last year's tally to a record $2.4 trillion.

* Trump predicted that Washington would reach a deal with China to end their tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well.

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