Copper price crawled back after tanking to $2.3845 on Friday after China unveiled a new bill on Hong Ko ng security. The price is now trading at $2.435, which is a few points below the Thursday high of $2.4685.
copper price
Copper price pauses after PBOC rate decision amid a China-Australia trade war
Copper price rose by more than 50 basis points after the Chinese central bank left all interest rates unchanged. The bank left the base interest rate at 3.85 per cent earlier today. PBOC interest rates Copper is an important metal used in the manufacture of items used in the construction [...]
What is the surging BHP Share Price Saying About Copper Price?
Copper price rose by more than 2 per cent today as the market refocused on the reopening of most economies. Other metals like silver, gold, and palladium also rose. The same was true for other commodities like crude oil and soybeans.
Copper Price Falls Amid Risk-Off Sentiment & US-China Tensions
2 main reasons why the copper price rally just ran out of gas
Copper price rally ran out of gas today as investors continued to worry about risks of a second wave of infections in most countries. The decline saw the metal move from a 8-week high of $2.4294, where it had formed a double bottom. Copper retreats on fears of more infections [...]
A new trade war is the last thing copper price needs right now
Copper price declined by more than 10 basis points as sentiment in the market declined. The Bloomberg Commodities Index (BCOM) declined by 20 basis points. Among the worst-performing commodities were soybeans, cotton, and palladium. Copper as the barometer of world economy Dr. Copper is widely regarded as the barometer of [...]
Copper price aims at $2.4 as demand jitters converge with supply cuts
Copper Price Recovers After Yesterday’s Rollercoaster Ride
Copper Price Sways At 61.8% Fibonacci Level As Demand Questions Linger
Copper price declined slightly today partly because of the strength of the US dollar. The dollar index, which measures the strength of the USD, rose by 20 basis points. Demand and supply dynamics are at play in the copper price dynamics. On the one hand, data suggests that the Chinese [...]
Copper Price Continues Revival After China GDP Spurs Recovery Hopes
Copper price, inherently linked to the state of the Chinese economy, continues to claw back on the steep losses suffered earlier in the year after China’s GDP came in at levels that were not as bad as feared. China’s GDP reading for the January to March 2020 quarter when compared [...]
Q2 Global Market Outlook
Published: April 1, 2020 | Authors: Alejandro Zambrano, Martin Lam, and Cameron Bowen.
GLOBAL MARKET OUTLOOK Q2, 2020
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