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On the LME markets it’s been a steady week other than Copper which is down 3.5%. The AUD/USD is currently at 76.52 up from last week’s 75.28.   * * * WEEK IN REVIEW: All about the base – London, 5 August (Argus) * *…


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On the markets it’s been a strong week for copper and aluminium with the USD Prices rising 4.2% and 6.1% respectively. There have been numerous explanations given, including prices been driven by speculation by the retail future traders (gamblers) and/or perceived improved world economic conditions.…


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In LME markets, Copper and Aluminium have suffered another week of declines (2.8% and 2.2% respectively in USD terms).  Ni has been a bright spot with a 3.8% rise, however there is always a lag in Ni volatility and the relative intrinsic values in the…


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In the LME markets, Copper has had a weak 5 days dropping 2.5%, whilst Aluminium rose 3.4%. The AUD/USD exchange rate is currently at 76.04 up from last week’s level of 75.4. Newspaper reports refer to the weak oil prices, fragile global growth front and…


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Newletter

This time last week we were commenting about the AUD/USD trading at the time at an 8 month high of 75.10 cents. To everyone’s surprise the momentum continued with the dollar climbing to over 76.5 cents on Friday to settle at today’s rate of 75.80.…


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It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


Newsletter - Weak manufacturing data from China Read more »

Newsletter – Weak manufacturing data from China

On Monday it was a familiar story out of China with weak economic data in the form of the Purchasing Managers Index readings. A reading below 50 implies contraction and no surprise it came in at 48.6. This caused LME prices to slightly fall but…


Newletter - Slight rises in LME copper Read more »

Newletter – Slight rises in LME copper

On the markets we have enjoyed some slight rises in LME copper although the rising AUD/USD has kept a lid on the Australian dollar prices. The AUD/USD is now trading at just over 70 cents. There is little in the way of fundamental supply-and-demand data…


Newsletter - Copper and Aluminium calm throughout last week Read more »

Newsletter – Copper and Aluminium calm throughout last week

Fortunately for all of us, the biggest talking point in the last week has been the price of Oil which fell to a fresh 12 year low overnight. Whilst we haven’t quite noticed the price of unleaded petrol falling at the local servo quite as…


Newletter - Copper down 5.3% Read more »

Newletter – Copper down 5.3%

Welcome to 2016. Only 6 working days into 2016 and on the back of more data that the Chinese economy is slowing down, the world’s largest casino (also known as the Chinese Stockmarket) has fallen 14.76 %.  Furthermore, with reports that most retail investors were…


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