LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Copper, Lead, Zinc and Nickel. While Aluminium stocks witnessed a built-up.

Aluminium stocks increased by massive 23950 tonnes. On the other hand, stock levels of copper and lead stocks declined by meagre 850 and 150 tonnes respectively. While Zinc and nickel inventories got subtracted by 3250 and 1338 tonnes respectively.

UK gilt yields set to fall for the second consecutive week

The yields on the short duration as well as on the long duration Gilt yields in the UK are on the course to register the second consecutive weekly decline on the back of the dovish Bank of England (BOE) minutes and election uncertainty.
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EUR/USD: break above 1.0710 might target 1.0750/60 – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for EUR/USD.
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