Industry metals were down amid disappointing GDP data

Note: This section contains information in English only.
Source: Dukascopy Bank
Base metals tumbled on Tuesday along with broadly stronger US Dollar and weaker equities. Industry metals were also pressured by disappointing GDP data from the EU and Australia that added to concerns over the global stagnation. Moreover, recent cut of China's economic expansion weighted down on the base metals pack. Aluminium continued to fluctuate on the high stockpiles at Shanghai warehouses and falling LME inventories. Meanwhile, copper may find support on the improved spot demand and Codelco's report on the 70% increase in investments into copper production due to expected tight demand. Nickel is likely to catch momentum on the better spot demand and declining inventories. At the same time, zinc remained one of the weakest metals in the group but supply concerns may provide fresh stimulus for the metal. disappointing


Back to articles

Actual Topics

Wed, 07 Mar 2012 18:05:12 GMT

Energy markets fell on the demand concerns

Energy markets were mostly lower on Tuesday on the firm US Dollar and demand concerns. Decline in Euro Zone's GDP, lower than expected GDP expansion in Australia and lower economic growth target in China all weighted down on the commodity group. Moreover,   supply side worries that pushed oil prices to several months high vanished. Iran allowed UN nuclear agency to

Wed, 07 Mar 2012 18:04:58 GMT

Precious metals tumbled on the negative economic outlook

Precious metals moved down on Tuesday amid appreciating US Dollar and lingering concerns over the Euro Zone debt crisis. Weaker equities also added to losses. Traders switched from commodities to the greenback as risk appetite was dampened after negative economic data. Moreover, the OECD reported lower than expected inflation rate that created pressure on traditional inflation hedges. Moreover, the commodity

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.