LME inventory update

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of, Lead, Zinc, and Aluminium. Meanwhile, the data showed a rise in the inventory levels of Nickel and Copper.

Aluminium inventory declined by 250 tonnes today, while Nickel inventory increased by 432 tonnes. Lead inventory and Zinc inventory declined by 25 tonnes and 2375 tonnes respectively, while Copper inventory increased by 1300 tonnes.

Nov 18, 2014

Aussie gains post RBA minutes

The Australian dollar gained against the greenback after the Reserve Bank of Australia (RBA) minutes, which showed the bank intends to hold interest rates at record lows for an extended period of time.

GBP remains weaker following more dovish BoE QIR – BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ comments on the pound continuing to remain weak following the release of BoE’s QIR which suggests the postponement of the rake hike delay till late next year.