Tuesday 10 May 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 10 MAY 2016

14:21:00

Nickel trading range for the day is 561.6-611.8.
Nickel prices dropped disappointing Chinese data and dollar strength weighed on sentiment.
China’s monthly trade data showed that both exports and imports fell more than expected in April, added to concerns over the health of the economy.
China’s exports slumped 1.8% from a year earlier, worse than forecasts for a decline of 0.1%, while imports dropped 10.9%, compared to expectations for a fall of 5.0%.
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