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Monday 8 February 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 8 FEBRUARY 2016

Nickel trading range for the day is 526.9-596.5.
Nickel prices ended with losses after U.S. jobs data kept alive speculation about a U.S. rate hike later this year, boosting the dollar.         
Nickel ore inventories at China’s major ports were continuing falling last week, but at a slower pace. 
Market participants increasingly believe the US will not continue to raise interest rates after the December increase following a recent run of negative data.

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