Heavy selling hit the base metals, with copper posting its biggest two day loss since 2015, strategists at ANZ Research apprise. Key quotes “Signs of weakening demand are emerging by the day. Inventories on the LME jumped 22% yesterday, pushing the year to date gain to over 50%.” “Sentiment was also impacted by the weak economic data out of China. Industrial production in Jan-Feb fell 13.5%, while retails sales were down 20.5% for the same period.” “The fall in prices in getting a response from the supply side, with several top producers announcing cutbacks to output.” 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 USD/CAD: Re-test of the 1.45 is inevitable – TDS FX Street 2 years Heavy selling hit the base metals, with copper posting its biggest two day loss since 2015, strategists at ANZ Research apprise. Key quotes “Signs of weakening demand are emerging by the day. Inventories on the LME jumped 22% yesterday, pushing the year to date gain to over 50%.” “Sentiment was also impacted by the weak economic data out of China. Industrial production in Jan-Feb fell 13.5%, while retails sales were down 20.5% for the same period.” “The fall in prices in getting a response from the supply side, with several top producers announcing cutbacks to output.” 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.
