Copper review: the dollar strengthened copper price on Shanghai copper shock consolidation
Abstract: Friday yellen speaking supported by the federal reserve will raise interest rates expected in the next two months, high copper rushed back closed up $25, declining domestic inventories support now the copper price, spot copper or or limited today.
today's copper price analysis and forecast: a.
in the international market on Friday, fed chairman yellen says if the data is improving, the next few months to raise interest rates is likely to be appropriate, to support the fed's yellen speech in June or July to raise interest rates.
Rising dollar base metal pressure, acquisition of high copper rushed back, late edged up $25, the latest closing price for $4687.
the London metal exchange on May 27, according to data released copper inventories to reduce 2225 tons to 153750 tons.
Cancel the LME copper warehouse inventory ratio is 32.
in the domestic market opened today in Shanghai were mixed, 1606 contracts opened the current month of 35930 yuan, up 120 yuan, 9:10 contract offer 1606, 35730 yuan in Shanghai copper fell 80 yuan;
Shanghai stocks continue to reduce, released on Friday the latest inventory of 221212 tons, for nearly four months lows, market sentiment to get a boost, but expectations of future stronger dollar weigh on metal prices, Shanghai copper or continuation of shock consolidation trend this week, is expected to this spot copper co. , LTD.
hot financial information 1.
On Friday, fed chairman yellen said during a speech at Harvard University, if the data is improved, the next few months to raise interest rates is likely to be appropriate.
Yellen, market rates for June and July meeting a dramatic increase in the probability forecast, is expected to raise interest rates in July probability to an all-time high of 62%.
Since high back slightly, the short-term interest rate futures and gold losses.
The Commerce Department on Friday, according to data released U. S. real GDP in the first quarter season annualized rate at 0.
9%, the initial value of 0.
At the same time the release of first-quarter U. S. core personal consumption expenditure (
Price index annualized quarter-on-quarter revised 2.
1%, in line with expectations and the value of 2.