OctaFX | OctaFX Forex Broker
Open trading account
Back

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 Copper, Zinc, and Aluminium. Meanwhile, the data showed a rise in the inventory levels of Nickel and Lead.

Aluminium inventory declined by 9700 tonnes today, while Nickel inventory increased by 234 tonnes. Copper inventory and Zinc inventory declined by 550 tonnes and 2050 tonnes respectively, while Lead inventory rose 400 tonnes.

JOLTS strengthen USD - BTMU

Derek Halpenny, European Head of Global Market Research at BTMU sees the recent strength in USD being fuelled by the ongoing solid data from the US and the JOLTS report showing an increase in key elements which drive wages higher.
Read more Previous

Let the good times flow – GS

The Research Team at Goldman Sachs discuss about the positive side of a commodity price shock and highlight that the EM importers benefit the most in this Oil decline fiasco.
Read more Next
Start livechat