Base metals supported by Greek bailout dael

Source: Dukascopy Bank
Industry metals soared on Tuesday after EU leaders finally agreed on the extended Greek bailout package. However, the gains were limited due to weak China's demand. Traders also await China's PMI data due on Wednesday. At the same time, copper, the main driver of the commodity group, may seek further support from falling LME inventories and production disruptions in Chile's Collahuasi copper mine. Copper's counterpart, aluminium, may also look for extra backup on falling global aluminium output. Nickel and zinc are likely to come under pressure due to high inventories and lack of appetite from the major consumers.


Back to articles

Actual Topics

Wed, 22 Feb 2012 17:26:15 GMT

Brent oil draws strenght from geopolitical tensions

Energy markets were mixed on Tuesday with advancing crude and Brent oil and falling heating oil and natural gas. Energy commodities received strong stimulus after the EU nations finally agreed on the long-awaited Greek bailout. Moreover, continuous geopolitical tensions across Iranian nuclear program significantly weighted up on the Brent and crude oils. Potential conflict between Iran and Israel or US

Wed, 22 Feb 2012 16:54:41 GMT

Precious metals rallied on the Greek bailout deal

Precious metals rallied on Tuesday after international lenders reached an agreement on the Greek bailout. Broadly weaker US Dollar and successful bond sales both provided additional support for precious metals jump. Gold gained 2.08% as some indications of monetary easing lifted the yellow metal's price. At the same time, gold being an inflation hedge was backed up by the lingering

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.