Base Metals Report Thursday, 05 November 2015

Currency-WarNo fresh incentives. Fed rate hikes becoming more likely. Weaker euro and deteriorating sentiment for base metals following the fall in German Industrial orders. Against this background the marginally firmer sentiment from China has had little effect on prices except Aluminium which has held relatively steady. Volumes have been more robust but additionally, the markets are focusing on tomorrow’s non-farm payroll figures. All in all a disappointing day, although the technical remain in place. Let’s see how US data looks tomorrow.
Regards All.

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