Thursday 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: MCX ALUMINUM

Aluminium trading range for the day is 100.9-102.9.
Aluminium settled flat due to caution ahead of the release of minutes of the Federal Reserve's last meeting.
The minutes showed that the Fed’s discussion of several approaches to raising short-term interest rates is not a sign rate hikes will come any time soon.

Bank of England announced it would maintain interest rates unchanged, despite the fact that some officials were inclined to hike the rate.


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