LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a rise in the inventory levels of Copper, while the stock levels of Lead remained unchanged for a second straight session. On the other hand, the inventory levels of Aluminium, Zinc and Nickel declined.

Copper stocks increased by 1400 tonnes, whereas zinc and aluminium inventories declined by a whopping 3900 and 575 tonnes respectively. Nickel witnessed a drawdown in stocks by mere 144 tonnes.

Jan 5, 2015

GBP/CHF may target 1.6005 levels – Danske

The Danske Bank Research Team explains that the upward momentum has continued to build up for GBP/CHF with markets now looking for a further higher extension, further anticipating the pair to inch towards 1.6005 levels after a break above 1.5535 levels.

CZK outperforms its peers – KBC

The KBC Bank Research Team shares that CZK outperformed its peers with Hungarian forint and Polish zloty falling against the euro, despite the Czech PMI coming out below market expectations.