EPIC RESEARCH MCX Nickel UPDATE OF 12 April 2019

Posted by Commodity Updates by Epic Research on 12:58:00 with No comments

Nickel trading range for the day is 873.7-920.3.

Nickel dropped as risk aversion across the market grew after ECB President Mario Draghi warned that recent data confirmed concerns of slower economic growth.

The ECB held interest rates steady and ECB President Mario Draghi warned that recent data confirmed concerns of slower economic growth.

The IMF slashed the global growth forecast for this year, citing the trade tensions, weaker business confidence, tighter financial conditions and higher policy uncertainty.

Warehouse stock for Nickel at LME was at 179322mt that is down by -120mt.


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