Nickel settled flat at 882.80 amid expectations that the Federal Reserve will begin tapering its stimulus program sooner-than-expected. Data released over the weekend showed that Chinese industrial output rose more-than-forecast in October, while consumer price inflation inched up modestly. Industrial production in China rose 10.3% last month, beating expectations for a 10.0% increase, while CPI inched up to 3.2% from 3.1% in September, missing estimates for 3.3% inflation.
Monday, November 11, 2013
Commodity Trading Tips for Nickel by KediaCommodity
Nickel settled flat at 882.80 amid expectations that the Federal Reserve will begin tapering its stimulus program sooner-than-expected. Data released over the weekend showed that Chinese industrial output rose more-than-forecast in October, while consumer price inflation inched up modestly. Industrial production in China rose 10.3% last month, beating expectations for a 10.0% increase, while CPI inched up to 3.2% from 3.1% in September, missing estimates for 3.3% inflation.
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