Base metals advanced on Thursday after US labour market data

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals soared on Thursday, being supported by promising Fed comments about weak state of the US economy. However, pessimistic outlook on the Euro Zone's economy after surging interest rates on Italy's and Span's debt limited the upward trend of the base metals pack. At the same time, traders were cautious ahead of key China's economic data release.  Aluminum was only marginally higher as the light metal continued to face high inventory levels while copper was mainly rallying on the expected easing measures from the world's largest economies. Zinc rose on the larger trading volumes at the LME amid better spot market activity. Moreover, medium supply worries are likely to provide strong stimulus for the commodity. Nickel was the top-gainer despite growing energy prices that may block the upside.


Back to articles

Actual Topics

Fri, 13 Apr 2012 15:19:57 GMT

Energy commodities may lose supply risk preminium

Energy commodities apart from natural gas surged on Thursday following Fed indication on likelihood of more easing measures in the US. However, the commodity group is likely to lose the supply risk premium as talks between Iran and world's largest economies will resume on Saturday. Moreover, OPEC reported that oil markets were sufficiently supplied and the reason for high energy

Fri, 13 Apr 2012 14:53:42 GMT

Precious metals rallied amid hopes for new QE in the US

Precious metals rallied on Thursday amid softer US Dollar and solid equities. Weak US labour market data spurred speculation on further monetary easing in the country thus pushing precious metals up. At the same time uncertainty over the Euro Zone's stability grew after Italian and Spanish yields increased thus limiting the gains of the commodity pack. Meanwhile, from the supply

Subscribe to "Fundamental Analysis" feed

Souscrire
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.