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Commodity Market News :COPPER & CRUDE OIL

Discussion in 'Stock Market News & Analysis' started by Capitalstars King, Oct 14, 2015.

  1. Capitalstars King

    Capitalstars King New Member

    Sep 11, 2015
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    Vijay Nagar, INDORE – 452010 M. P. India
    Commodity Market News

    Chinese Inflation Data Weakens Sparking Stimulus Hopes

    Consumer inflation dipped lower than forecast while PPI came in at forecast which was in the negative. PPI was forecast at -5.9%. The low inflation rate has sparked hopes of additional stimulus from the PBOC giving Asian currencies a bump as well as metals.


    Crude Oil Traders Shrug Off Bearish IEA Outlook

    Tuesday is shaping up to be a reversal day with several commodity and Forex pairs reversing direction. The moves could represent a clash between oversold technical indicators and ambiguous fundamentals. Or it could be simply trader indecision because of the lack of clarity from the Fed.

    Prices broke after the release of a bearish report from the International Energy Agency (IEA). The IEA said the world oil market would remain oversupplied for at least another year despite falls in output from non-OPEC producers.
    #1 Capitalstars King, Oct 14, 2015
    Last edited by a moderator: Oct 15, 2015

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