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FTSE tread water as UK miners smirk, ECB to sit still

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FTSE trades rangebound as UK miners fear a renewed slide in commodity prices. Copper and iron ore are slightly better bid today; yet there is little evidence that this week’s downside push has come to a point of exhaustion. Anglo American announced it lowered its copper, iron ore and diamond production in Q3; diamond production fell by 27% significantly more than anticipated. Considering that the diamond business has been the major source of revenue in the first half of 2015, allowing the

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