Zinc tumbled amid weak spot activity

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals were mixed on Wednesday after the ECB reported that it will cease financing of some Greek banks.

Aluminum was the top-performer as the metal received support from recent output cut of Tajikistan's Aluminum.

Copper went down on lingering Euro Zone's concerns. However, China's copper production fell by 3.7% last month whereas cancelled warrants stayed weak, limiting the losses.

Nickel continued to advance due to expected supply shortage after Vale declared force majeure at its Goro mine.

Zinc was the top-loser amid weak fundamentals and declining spot activity.


Back to articles

Actual Topics

Thu, 17 May 2012 15:10:21 GMT

CFTC may ease Dodd-Frank Act regulations limiting speculation

The U.S. Commodity Futures Trading Commission may suggest easing Dodd-Frank Act regulations on speculation in commodities like oil, natural gas and other. The commissioners are thinking on a vote on how companies accumulate their trading positions when they have stakes in other companies. The commission is considering raising threshold from 10 to 50%. the current 10% threshold was approved in October 2011.

Thu, 17 May 2012 19:33:10 GMT

German bond yields dropped to the lowest level on record

German 10-year bond yields dropped to the record low while Spain's borrowing costs jumped. German yields increased 7 basis points, to 1.44% at noon in London, after declining to 1.433%, the lowest level on record. 1.75% bond maturing June 2022 price increased 0.3% and reached EUR 102.920. German two-year note yield decreased by 1 basis point to 0.06% after reaching record low level at

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.