Copper eased down on weak US retail sales data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals apart from zinc tumbled on Wednesday on weak industrial output data in the Eurozone and larger than expected plunge in the US retail sales and producer price index.

Aluminum declined on weak manufacturing activity across the globe. However, the downside may be limited as Rio-Tinto Alcan World predicted a deficit in the aluminum market as supply side started to stagnate.

Copper was marginally lower, balancing between pessimistic industry data and potential increase in China's demand due to lower prices.

Nickel was the top-loser as spot market activity started to weaken. Even recent Indonesian ban on nickel ore exports to China failed to support the metal.

Zinc was the only gainer despite elevating inventory levels at LME.
Back to articles

Actual Topics

Thu, 14 Jun 2012 13:54:45 GMT

Brent oil flat ahead of OPEC meeting

Energy commodities slid on Wednesday ahead of key OPEC meeting on output target that is expected to result in no changes in the current production level.Crude oil followed bearish trend as global production is likely to remain ample as OPEC is not likely to change current output target during meeting due on Thursday.Brent oil was flat despite being pressured by

Thu, 14 Jun 2012 13:32:45 GMT

Silver retreated after Spain's downgrade

Precious metals were mixed on Wednesday amid hopes for new round of QE in the US and bleak outlook on the Eurozone's economy.Gold rallied for forth session, being bolstered by speculation that May's retail sales slump of 0.2% will force the Fed to consider monetary easing. Silver dropped by 0.51% as the US Dollar managed to pare losses against the

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.