Copper review: the fed years raising interest rates high probability drop copper closed at the end of 8 weeks
Abstract: interest rates the fed years probability $pressure drop in the copper market demand to get a boost, London copper rose 2.
High 51% to the end of 8 weeks, the RMB exchange rate fell for boosting domestic commodity prices, this is copper or with rose.
today's copper price analysis and forecast: a.
International market the referendum dismissed the possibility that the fed to raise interest rates in July, and the probability of market expectations years raising interest rates also fell sharply, the federal reserve to raise interest rates will be delayed to $12 months expected weight, get a boost, the copper market demand London copper rose 2.
Rising 51% to $4824, $118, after eight weeks.
the London metal exchange, according to data released on June 28, copper inventories increased 1250 metric tons to 192950 tons.
Cancel the LME copper warehouse inventory ratio of 26.
in the domestic market in Shanghai today opened higher, 1607 contracts opened the current month of 37270 yuan, up 440 yuan, 'Shanghai copper 1607 contract price 37330 yuan rise 500 yuan;
The yuan central parity rate being the dollar consecutive decline, but the onshore and offshore market mood basically stable, and the RMB exchange rate fell for push up commodity prices, domestic market bulls back, today Shanghai copper turbulence strong trend, spot copper is expected to rise.
hot financial information 1.
The United States, according to data released on Tuesday in the first quarter GDP annual growth rate of 0.
8% to 1.
1%, and slightly higher than the expected value of 1.
0%, which indicates that the extent of the slowdown in the first quarter and is not as serious as initially expected.
Although consumer spending from 1 at an annualised rate of growth.
9% was revised down to 1.
5%, but the software export growth and investment on the repair of make up.
In addition, the enterprise profit growth in the first quarter and by 1.
9% to 3.
According to foreign media, the European parliament adopted a resolution on Tuesday, urged the UK immediately start to take off the mechanism, said should fully respect the wishes of the British people, immediately triggered the Lisbon treaty article 50.
At the same time, the German chancellor, Angela merkel, warned that the British don't fantasize the relationship with the European Union in the future, once the withdrawal from the eu, the UK will not get preferential treatment, the European Union in Britain withdrew the negotiations would not tolerate & other;
Fussy & throughout;