Wednesday, 31 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 31 MAY 2017

Nickel trading range for the day is 577.9-595.1.Nickel gains tracking firmness in LME prices where nickel finished 0.4 percent higher at $9,115 as the dollar weakened following weaker-than-expected U.S. Data.Factory activity in China is expected to have grown at its slowest pace in eight months, as previous stimulus fades and policymakers focus on tackling rising debt.
Euro zone growth may be improving but inflation remains subdued and still requires substantial stimulus, ECB President Mario Draghi said.

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