Industry metals rose on Monday on weaker US Dollar

Note: This section contains information in English only.
Source: Dukascopy Bank
Base metals advanced on Monday amid broadly weaker US Dollar and growing energy prices. The industry metals pack continued to balance between the positive headlines from the US and signs of stagnation in China's economy. However, improving situation in the Euro Zone after the Euro Zone leaders agreed on the second Greek bailout package continued to push the growth-sensitive commodities up. Meanwhile, copper caught momentum on the falling LME inventories and improved spot demand. Aluminium rose by 0.75% amid growing China's oil prices that may increase cost of domestic metal's smelting. Other base metals mostly followed copper's suit but continued to face high inventory levels at the LME warehouses.


Back to articles

Actual Topics

Tue, 20 Mar 2012 15:26:43 GMT

FTSE 100 index down on inflation data

British FTSE 100 index extended losses on Tuesday after BHP Billiton announced the demand for iron ore from China was falling. Resource stocks weighed heavily on the index with BHP Billiton tumbling 3.4% and Fresnillo slipping 4.4%. Rio Tinto and Kazakhmys lost 3.7% and 2.8% respectively. Banking shares declined after data showed UK inflation climbed 3.4% and remained above BoE

Tue, 20 Mar 2012 17:49:13 GMT

Precious metals eased up on Monday as Fed still undecided on quantitative easing

Precious metals eased up on Monday on the weaker US Dollar and mixed equities. Moreover, the commodity group gained a spree as Fed is still undecided on whether to embark on the next round of quantitative easing. However, the easing measures are not highly likely taken the steady recovery of the US economy. Gold was the driver for the group

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.