Base metal prices keeping a downward trend (info & data)

Important to know of Today's market: European CB President Mario Draghi Speaks Bank of Canada Governor Poloz Speaks UK Services Purchasing Managers Index rose to actual 55.0 (forecast was 53.3) For more info:   LME Today: All base metal prices on the London Metal Exchange humbled today in morning trade, May 4. After a [...]

By | 2017-05-04T11:05:42+00:00 May 4th, 2017|Financial, Governments, International|0 Comments

SHFE morning report; weaker U.S. and Chinese data

Important Facts about Today's Market:   New Zealand Employment Change QoQ rose to actual 1.2% (forecast 0.8%) Germany Unemployment Change - 30K actual (forecast -10K) UK Construction Purchasing Managers Index (PMI) fell to actual 52.2(forecast 52.4) The US ADP Nonfarm Employment Change to actual 263K (forecast 187K) Also US ISM Non-Manufacturing PMI fell to 55.2 [...]

By | 2017-05-03T06:49:51+00:00 May 3rd, 2017|Financial, Governments, International|0 Comments

Chinese steel exports to U.S. causing national security issues?

  Steel   U.S. President is launching an investigation about whether the steel imports from foreign countries affects U.S. national interests. "Steel is critical to both our economy and our military. This is not an area where we can afford to become dependent on foreign countries." Firstly, China is the largest national producer. It makes [...]

By | 2017-04-21T10:04:28+00:00 April 21st, 2017|Financial, Governments, International|0 Comments

Base metals subdued; Aluminium went slightly up

  Essentially lower levels    Base metals prices started a holiday-shortened week mostly on the defensive. With LME premarket trading on Tuesday April 18 seeing lower levels. – Potentially supportive macroeconomic developments were shrugged off. The exception was aluminium. It pushed higher on weekend news that planned Chinese capacity extensions were being put on ice. [...]

By | 2017-04-18T12:09:28+00:00 April 18th, 2017|Financial, Governments, International, Oil Market|0 Comments