Other news

Chinese authorities have issued additional licenses which allow the country’s smelters to export copper without paying taxes, Bloomberg reported. The move can help local producers to boost their overseas sales amid tensions in the global market.

A decrease of the indicator value may contribute to the rise in quotes of Nickel, Platinum, Palladium, Copper.

Citigroup forecasts copper prices to rise to $10,000 per ton in the next three months. Meanwhile, the global market will be tight until the dates of the US import duties on this metal are announced.

As reported by Crypto.news citing a statement by former FOX Business journalist Eleanor Terrett, the US Securities and Exchange Commission is about to close the case against Ripple. At the same time, according to lawyers quoted by the portal, the SEC may restart the hearing for non-fraud cases.

On Wednesday, the Bank of Canada cut its interest rate by 25 basis points to 2.75%. Representatives of the regulator expressed concern about increased inflationary pressures and slowing economic growth in the country, which were caused by the ambiguous trade policy of US President Donald Trump.

A decrease of the indicator value may contribute to the fall in quotes of Gasoline.

A decrease of the indicator value may contribute to the rise in quotes of Heating Oil.

A decrease of the indicator value may contribute to the rise in quotes of Gasoline.

A decrease of the indicator value may contribute to the fall in quotes of CAD.

On February 2, the focus is on natural gas reserves in the United States. On February 3, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.