Copper advanced on bargain buying

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals were slightly higher on Thursday as recent price fall created  bargain buying opportunities for investors.

Aluminum was the top-loser despite expectation for stable demand from Japan and recent drop in the stockpiles at LME.

Copper rose by 0.63% on the increased dip buying and falling stocks at the main exchange warehouses. However, soft equities and weak China's imports capped the upswing.

Nickel ended lower as short-term demand concerns outweighed recent reduction of the world surplus estimate by International Nickel Study Group.

Zinc followed bullish trend amid growing copper's price. However, the upside is likely to be limited as International Lead and Zinc Study Group has increased its forecast for global zinc surplus in 2012.


Back to articles

Actual Topics

Fri, 11 May 2012 17:44:12 GMT

Natural gas rallied after US supply data

Energy markets balanced between easing concerns over the turmoil in the Euro Zone and increase OPEC output.Crude oil climbed after the US released optimistic job market data and OPEC raised its global oil demand forecast by almost 4%.Brent oil declined as removed risk-premium after talks between Iran and six major economies started to progress continued to block any upswing in

Fri, 11 May 2012 17:33:13 GMT

Consumer sentiment index reaches 4 year high

After fourth consecutive increase consumer sentiment index reached the highest level since the beginning of 2008. It increased to 77.8, by 1.4 since March, above expectations of 76.2. Specialists think that this was mainly due to the fact that decreasing fuel prices, which impact current situation, outweigh negative expectations from slowing labor markets.

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.