Copper review: non-farm beforehand good stronger dollar pressure on the price drop
Abstract: the small night USA non-farm than expected drive, London copper confined fell 1.
The continuous depreciation on the domestic copper imports, also reflects the market demand is weak, expect now copper fell.
today's copper price analysis and forecast: a.
in the international market according to June folk jobs growth exceeded expectations, and were less initial jobless claims last week, the market for a forthcoming late June non-farm payrolls data prediction is good, the evening, the dollar index vibration strong copper pressure drop $82, the latest closing price at $4687, down to 1.
Position of an increase of 1444 hands, 338553 15593.
the London metal exchange, according to data released on July 7, copper inventories to reduce 1825 metric tons to 220725 tons.
Cancel the LME copper warehouse inventory than for 22.
Domestic market Shanghai copper low open today, 1607 contracts opened the current month of 36970 yuan, down 80 yuan, 9:10 contract offer 1607, 36620 yuan in Shanghai copper fell 430 yuan;
Tonight non-agricultural data will become the focus of attention in the United States, despite the refund after the market expected the fed years raising interest rates, but most fed officials pay more attention to its economic development impact on monetary policy, so if the employment data recovery will be a boost to the dollar, strong to make metal prices under pressure.
The continuous depreciation on the domestic copper imports, also reflects the domestic market demand is weak, expect now copper fell.
hot financial information 1.
The us ADP employment growth on June 17.
20000 people, 160000 people are expected to grow, before the value 17.
30000 to 16.
From the point of company size, small new June non-farm payrolls.
50000 people, the five medium-sized company.
2, 20000 people, big company.
Service performance bright eye, 20 new jobs.
80000 people, the decline in manufacturing employment. 3.
EIA data show that as of July 1 week U. S. crude oil inventories fell by 2. 22 million barrels, although is falling for 7 weeks, but fell by 6. 7 million barrels and API data on Wednesday.
Oil prices pared gains, fell more than 4%, the United States a new low for two months, the intraday low refresh date to 44.
88 dollars a barrel;
Oil fell below $47.