EPIC RESEARCH MCX NICKEL UPDATE OF 07 Nov 2016

Nickel trading range for the day is 691.9-706.7. Nickel prices dropped after U.S. data reinforced expectations interest rates will rise in December. The U.S. trade deficit narrowed to $36.4 billion in September compared to $40.5 billion seen in August. The US non-farm employment change for October showed the American economy added 161,000 jobs, below the 174,000 forecast.
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