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 Q3 106 113 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 5395.00 5233.00 5407.50 5417.00 5233.00-162.00-3.00 Nickel 9920.00 9700.00 9990.00 10040.00 9674.00-220.00-2.22 Aluminium 1631.00 1621.00 1636.00 1647.00 1614.00-10.00-0.61 Lead 1717.00 1683.50 1719.00 1785.85 1675.50-33.50-1.95 Zinc 1736.00 1678.00 1735.00 1793.15 1675.50-58.00-3.34 Comex Previous Close Open High Low Copper SEP5 2.462 2.397 2.470 2.470 2.386-0.065-2.62 OCT5 2.461 2.395 2.474 2.474 2.383-0.066-2.66 NOV5 2.453 2.388 2.465 2.465 2.378-0.065-2.67 DEC5 2.452 2.386 2.464 2.470 2.373-0.066-2.69 JAN6 2.453 2.387 2.436 2.437 2.375-0.066-2.67 Spread OCT5 NOV5 DEC5 JAN6 SEP5 0.002 0.009 0.011 0.010 OCT5 0.007 0.009 0.008 NOV5 0.002 0.001 DEC5-0.001 1
SHFE Previous Close Open High Low Copper OCT5 41090 40890 40960 41230 40730-200 -0.49 NOV5 41060 40920 40940 41200 40670-140 -0.34 DEC5 41010 40860 40890 41150 40640-150 -0.37 JAN6 40980 40830 40800 41120 40610-150 -0.37 FEB6 40950 40770 40870 41090 40580-180 -0.44 SHFE Previous Close Open High Low Nickel OCT5 77520 76890 77070 77280 76630-630 -0.81 NOV5 77960 77200 77100 77560 77100-760 -0.97 DEC5 78670 77480 77500 77500 77470-1190 -1.51 JAN6 78760 78170 78110 78580 77810-590 -0.75 FEB6 79330 78480 78070 78750 78070-850 -1.07 Indian Market Recap Copper Previous Close Open High Low % Vol. Volume NOV5 363.45 350.55 362.10 362.70 350.25-12.90-3.55 61380 275.07 15601 3504 FEB6 369.05 356.70 366.55 368.45 356.30-12.35-3.35 1412 337.15 726 37 APR6 373.55 363.85 367.00 367.00 360.75-9.70-2.60 9 800.00 28 4 Net Change = 3545 Spread FEB6 APR6 NOV5-6.15-13.30 FEB6-7.15 Nickel Previous Close Open High Low % Vol. Volume SEP5 658.20 640.60 661.80 661.80 639.00-17.60-2.67 47059 118.74 23398 3672 OCT5 665.20 647.50 667.70 668.20 646.00-17.70-2.66 5284 359.88 5706 2413 NOV5 672.40 654.20 668.20 670.30 653.70-18.20-2.71 161 519.23 779 49 DEC5 680.70 665.70 673.30 675.40 663.50-15.00-2.20 24 140.00 45 20 JAN6 684.60 672.00 672.10 672.10 672.00-12.60-1.84 11-11 10 Net Change = 6134 Spread OCT5 NOV5 DEC5 JAN6 SEP5-6.90-13.60-25.10-31.40 OCT5-6.70-18.20-24.50 NOV5-11.50-17.80 DEC5-6.30 2
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 2015. Similarly, China's imports of refined nickel increased by 114.86% to 20,615 MT in August 2015. Meanwhile, China's imports and exports of primary Aluminium rose by 157.42% 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-15 17-Sep-15 Aluminium 3,242,600 3,232,950-9,650-0.30 Copper 333,050 335,200 2,150 0.65 Nickel 450,330 453,000 2,670 0.59 Lead 165,525 164,975-550 -0.33 Zinc 610,400 608,875-1,525-0.25 SHFE Official Stocks in MT Commodity 11-Sep-15 18-Sep-15 Aluminium 302,321 303,823 1,502 0.50 Copper 140,844 147,847 7,003 4.97 Nickel 14,716 15,447 731 4.97 Lead 159,354 167,227 7,873 4.94 Zinc 20,694 25,760 5,066 24.48 3
LME Copper - (5248.5) MCX Copper November - (352.10) Trade Recommendations Buy Copper November Mini above 360 with targets 368-370 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 5200. Resistance is at 5430. MCX Copper could remain range bound to weak. A firm Rupee could support downside. Supports are at 345.00 and 342.10. Resistance is at 355.85 and 361.65. 4
LME Nickel - (9890.00) MCX Nickel September - (653.40) Trade Recommendations None. Outlook LME Nickel could trade range bound. Support is at 9635 and 9400. Key resistance level is at 9975 and 10180. MCX Nickel could remain range bound. A firm Rupee could support downside. Support is at 640.00. Key resistance level is at 665.00. 5
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