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 Aluminium and Zinc, while Nickel and Copper stocks increased.

Copper stocks increased by 4725 tonnes, while nickel inventories increased by 12 tonnes. On the other hand, aluminium inventories declined of 9225 tonnes, while zinc stocks got subtracted by 3350 tonnes. Meanwhile, the stock levels of Lead remained unchanged.

Jan 15, 2015

SNB scraps its CHF floor, sends EUR to a new low – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, comments on the SNB’s decision to scrap its EUR/CHF floor at 1.20, and adds that the sudden move sent EUR/USD pair to make new lows in the 1.1600 area, with the pair now supported by 1.1660 levels in the short-term.

Gold jumps to fresh 4-Month highs

Gold prices on Comex rallied in the European session, after the unexpected decision by Swiss National Bank (SNB) to abandon the currency peg created havoc in the markets with major currencies and stocks crashing.