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Wednesday 10 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 10 October 2018

Nickel trading range for the day is 930.5-978.1.

* Nickel prices gained as the dollar fell as the British pound rose following a report that rekindled hopes of a Brexit deal between London and Brussels.

* The International Monetary Fund cut China's 2019 growth forecast to 6.2 percent from 6.4 percent, leaving the 2018 forecast unchanged at 6.6 percent.

* Investor morale in the eurozone fell more than expected in October, as concerns about Italy's fiscal policies weighed on sentiment.

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