Industrial metals are still struggling to find direction as a contrast emerges between China’s resurgence and the rest-of-world’s deterioration, strategists at TD Securities inform. Aluminum trades at $1,726.75 while nickel does it at $947. Key quotes “The growth in rest-of-world contagion data has become the swing factor for the base metals complex, as growth uncertainty in emerging markets emerges as a key theme keeping money managers on the sidelines.” “Nickel refinery operations may lend some supply-side support as a meaningful amount of nickel capacity may be cut from the market as soon as April.” “In response to the waning downside momentum in aluminium, CTAs could be set to cover some shorts should prices break north of $1760/t. However, the bar is being raised for CTA buying in the remainder of the complex.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index loses the grip below 97.00 FX Street 2 years Industrial metals are still struggling to find direction as a contrast emerges between China's resurgence and the rest-of-world's deterioration, strategists at TD Securities inform. Aluminum trades at $1,726.75 while nickel does it at $947. Key quotes “The growth in rest-of-world contagion data has become the swing factor for the base metals complex, as growth uncertainty in emerging markets emerges as a key theme keeping money managers on the sidelines.” “Nickel refinery operations may lend some supply-side support as a meaningful amount of nickel capacity may be cut from the market as soon as April.” “In response to the waning downside… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
