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Friday, 22 February 2019

EPIC RESEARCH MCX Nickel UPDATE OF 22 February 2019

Nickel trading range for the day is 899.1-922.9.

* Nickel dropped on profit booking and US and Chinese trade negotiators will kick off their new round of talks in Washington.

* Fed said the U.S. economy and its labour market remained strong, prompting some expectations of at least one more interest rate hike this year.

* The dollar found strength in minutes from a U.S Federal Reserve meeting that raised expectations of a possible U.S. interest rate increase this year.

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