Economic Data. International Market Recap. September 21, September 18, 2015

Transcription

1 Economic Data September 18, 2015 Country Economic Data Actual Expected Previous JPY BoJ Minutes EUR Eurozone Current Account (EUR) Jul 22.6B 21.3B 25.4B CAD CPI M/M Aug 0.00% 0.00% 0.10% CAD CPI Y/Y Aug 1.30% 1.30% 1.30% CAD BoC CPI Core M/M Aug 0.20% 0.20% 0.00% CAD BoC CPI Core Y/Y Aug 2.10% 2.10% 2.40% USD Leading Indicators Aug 0.10% 0.30% -0.20% Country Economic Data Actual Expected Previous NZD Westpac Consumer Confidence Q GBP Rightmove House Prices M/M Y Sep 0.90% -0.80% EUR German PPI M/M Aug -0.30% 0.00% EUR German PPI Y/Y Aug -1.50% -1.30% CAD Wholesale Sales M/M Jul 0.30% 1.30% USD Existing Home Sales Aug 5.50M 5.59M International Market Recap Commodity Previous Close Open High Low Copper Nickel Aluminium Lead Zinc Comex Previous Close Open High Low Copper SEP OCT NOV DEC JAN Spread OCT5 NOV5 DEC5 JAN6 SEP OCT NOV DEC

2 SHFE Previous Close Open High Low Copper OCT NOV DEC JAN FEB SHFE Previous Close Open High Low Nickel OCT NOV DEC JAN FEB Indian Market Recap Copper Previous Close Open High Low % Vol. Volume NOV FEB APR Net Change = 3545 Spread FEB6 APR6 NOV FEB Nickel Previous Close Open High Low % Vol. Volume SEP OCT NOV DEC JAN Net Change = 6134 Spread OCT5 NOV5 DEC5 JAN6 SEP OCT NOV DEC

3 LME Copper fell to its lowest for a week on Friday as the U.S. Federal Reserve's decision not to raise rates yet left traders on edge, outweighing reports of potential supply disruptions. The Dollar erased losses against the other major currencies in quiet trade on Friday, as it recovered from the Federal Reserve's decision to hold interest rates this month. Nickel also fell on Friday as slow demand improvement in China is feeding a weak downward trend in LME inventories. Hedge funds and money managers moved to a net long position in copper contracts in the week ended Sept. 15, U.S. Commodity Futures Trading Commission data showed on Friday. Data from Chinese customs showed that China's imports of refined copper increased by 12% to 262,691 MT in August Similarly, China's imports of refined nickel increased by % to 20,615 MT in August Meanwhile, China's imports and exports of primary Aluminium rose by % to 21,847 MT. The daily inventory data released by the London Metal Exchange (LME) showed an increase in the inventory levels of Aluminium, Zinc and Lead, while inventories of Nickel and Copper increased on Thursday. The weekly inventory data released by the Shanghai Futures Exchange (SHFE) showed an increase in the inventory levels of Aluminium, Nickel, Zinc, Lead and Copper this week. MCX Copper and Nickel moved lower on Friday, tracking weak overseas prices. An appreciating Rupee is also weighing on prices. LME Official Stocks in MT Commodity 16-Sep Sep-15 Aluminium 3,242,600 3,232,950-9, Copper 333, ,200 2, Nickel 450, ,000 2, Lead 165, , Zinc 610, ,875-1, SHFE Official Stocks in MT Commodity 11-Sep Sep-15 Aluminium 302, ,823 1, Copper 140, ,847 7, Nickel 14,716 15, Lead 159, ,227 7, Zinc 20,694 25,760 5,

4 LME Copper - (5248.5) MCX Copper November - (352.10) Trade Recommendations Buy Copper November Mini above 360 with targets and an S/L at 354. S/L triggered, exit call. Outlook LME Copper could trade range bound to weak on Monday as jitters lingered over the health of the global economy after the U.S. Federal Reserve last week delayed an interest rate rise. Supports are at Resistance is at MCX Copper could remain range bound to weak. A firm Rupee could support downside. Supports are at and Resistance is at and

5 LME Nickel - ( ) MCX Nickel September - (653.40) Trade Recommendations None. Outlook LME Nickel could trade range bound. Support is at 9635 and Key resistance level is at 9975 and MCX Nickel could remain range bound. A firm Rupee could support downside. Support is at Key resistance level is at

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