LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of all base metals viz. Copper, Zinc, Lead, Nickel and Aluminium.

Copper stocks decreased by 2300 tonnes. While stock levels of lead deducted 2250 tonnes. Zinc and Aluminium stocks witnessed a drawdown of 2625 tonnes and 8000 tonnes respectively. While nickel inventories got subtracted by 1242 tonnes.

Mar 31, 2015

GBP/USD next target 1.4722/1.4699 – CharmerCharts

Carol Harmer of CharmerCharts, gives the technical outlook for GBP/USD, noting that the loss of 1.4780 has paved way for 1.4722/1.4699.

ECB’s QE works its magic on Eurozone economic sentiment - ING

Peter Vanden Houte Chief Economist, Belgium, Eurozone, at ING, comments that the jump in the European Commission’s economic sentiment indicator (ESI) to 103.9 in March from a revised 102.3 in February, bodes well for GDP growth.