Friday, 10 February 2017

Base Metal market will volital today

DSR Broking - Base metal prices will open green tick . Reason behind on rising base metal prices , Today China Trade Balance  will show the good data. Previous data will so 
40.71B . Actual data 51.35B  . The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported (a trade surplus). A negative number indicates that fewer goods and services were exported than imported (a trade deficit).

A reading that is stronger than forecast is generally supportive (bullish) for the CNY, while a weaker than forecast reading is generally negative (bearish) for the CNY.

It show the CNY currency will move up and dollar currency will come down that why a basic reason Metal will move up.

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