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LME Inventory Update

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium and Zinc. Meanwhile, the data showed a rise in the inventory levels of Nickel.

Aluminium inventory fell again by 7650 tonnes today, while the Zinc inventory declined by 3625 tonnes. Nickel inventory increased by 546 tonnes, while the inventory level of Copper and Lead remained unchanged.

EUR/GBP finds resistance at 0.7830

EUR/GBP is rising modestly on Tuesday on the back of weak data from the United Kingdom and it has been able to hold above 0.7800. Yesterday the pair bottomed at 0.7798, reaching the lowest price in a month.
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Session Recap: USD takes a breather

European session has seen majors consolidating in recent ranges, with the dollar retreating slightly from its recent 7-year high against the yen and a 2-year peak against the euro.
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