EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 JUNE 2018

Aluminium trading range for the day is 144.9-153.5. Aluminium rose nearly 2 percent rebounding from multi-month lows, although worries over U.S. trade policy limited any recovery in risk appetite. The mounting trade tensions between the United States and other major economies continued to steer investors away from riskier assets. China’s central bank said it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity.

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