LME LATEST – LME inventories dwindle; aluminium, cobalt, leadstocks drop - LME inventories reflected the increasingly tight supply picture for base metals on Wednesday morning, while the US dollar traded close to a five-month low of 1.3439 against the euro, pushing copper up to five-month highs above $7,900. Read more on The Forex Market
LME LATEST – Metals hold gains in open-outcry sessions, sentiment upbeat - Base metals continued to trade at steadier levels during the open-outcry sessions, building on the gains established earlier, with a more upbeat feel to sentiment evident. Read more on The Forex Market
LME LATEST – Metals meander after mixed stocks report; await options expiry - Metals meandered sideways after mixed LME inventory figures that showed trend reversals in some contracts, while movements were also constrained ahead of options expiry and as profit-taking emerged in broader financial markets. Read more on The Forex Market
LME LATEST – Metals muted after stocks report, robust euro fails to trigger rally - Base metals dipped following the latest round of inventory data that saw inflows for most metals including copper, failing to gain much steam from a rallying euro that printed a new three-month high against the dollar on further signs of a [...]
LME LATEST – Copper cuts losses after another stock decline - Base metals remained under downward pressure during LME premarket trading, although copper cut losses after data showed stocks fell for the 18th day in a row, raising expectations that declines will extend through the usually slow summer. Read more on The Forex Market