Nickel slides despite BoJ policy decision

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals apart from nickel surged, being boosted by stimulus measures from the BoJ and weaker greenback. However, dismal US data releases capped the upswing. Also weighing on the commodity group was increased caution ahead of US debt ceiling decision due on Wednesday.

Aluminum advanced as risk appetite improved after the BoJ announced stimulus measures to boost faltering economy. At the same time, the light metal remained a subject to a heavy pressure from bloated LME inventories, which hovered near a record high of 5.24 million tonnes on Tuesday.

Copper moved higher on improved market sentiment and softer US Dollar. However, rising output in China cut gains of the red metal. China's production of refined copper soared 22% in December to approach 580,000 tonnes.

Nickel retreated despite encouraging news from Japan. An unexpected drop in Richmond Manufacturing Index as well as bloated LME stocks sent the metal lower.

Zinc climbed on higher cancelled warrants at the LME warehouses and weak greenback. However, global surplus as well as a 17-year high LME stocks limited gains of the metal.
Back to articles

Actual Topics

Wed, 23 Jan 2013 09:47:11 GMT

Natural gas prolongs rally on colder US weather

Energy futures jumped on Tuesday amid soft US Dollar and BoJ policy decision. BoJ announced an open-ended asset purchasing program and lifted its inflation target to 2% to stimulate economy in 2014. Upbeat German economic sentiment reading also was supportive for the commodity group. Meanwhile, market players remained cautious ahead of the EIA report due on Thursday. Crude oil climbed

Wed, 23 Jan 2013 12:06:03 GMT

Yen appreciates for a second day on expectations that consumer prices dropped

The Yen rose 0.3% to 88.48 per U.S. Dollar and 0.4% to 117.74 versus Euro in afternoon of Tokyo trading session on Wednesday. Yesterday the Yen appreciated by 1% and that was the biggest currency's gain since May, 2012. The Japanese currency was traded positively on expectation that domestic inflation data will be lower than expected and will be as

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.