The copper market is currently experiencing a robust upswing, propelled by a confluence of factors, including supply challenges and cyclical improvements in the global economy. LME's copper futures have surged above the psychological mark of US$10,000 per metric ton and are heading toward US$15,000. What are the driving forces behind this surge, and how can you effectively tap into this metal's potential through dive...
🌐 Inflation and Employment Surge Together, Toppling Rate Cut Expectations After the U.S. The Bureau of Statistics released the hot non-farm payroll data for March last week. This Wednesday's key CPI data showed a higher-than-expected increase for the second month in a row, with growth rates exceeding expectations for three consecutive months. Housing and energy continue to be the main drivers of the CPI increase. 👇 ...
Citi likes copper for a few reasons: 1. The global manufacturing PMI is turning up and copper “performs well” when this happens 2. Copper tends to rise in line with equity market bubbles, like the one we’re in now, as the wealth effect from stocks tends to lift copper consumption 3. The long term energy transition is creating structural shift towards increased copper consumption As a result of the above, Citi’s commodity strategists believe that “everything be...
With the recent six consecutive rises on the Toronto Stock Exchange (TSX), I would focus on the energy sector. As the global economy gradually rebounds, increased demand for energy may boost this sector. Additionally, I would closely monitor the technology industry, as technological innovation and digital transformation remain key market trends. Considering the prospects of these sectors and the potential of individual stocks, I would invest in these areas. $Copper(BK2510.US)$$S&P/TSX Composite index(.SPTSX.CA)$
With rising commodity prices, I'll cautiously reassess my portfolio. While some sectors benefit, inflation risk looms. I'll seek inflation-resistant assets like stable dividend stocks or tangible assets to safeguard my investments. Vigilance and adaptability are key as I closely monitor market dynamics. $Copper(BK2510.US)$$S&P/TSX Composite index(.SPTSX.CA)$
We are optimistic about the TSX stock price this year and maintain a positive outlook on the TSX's prospects. We predict a sixth consecutive rise in this week's Friday closing! We will continue to closely monitor market trends. $S&P/TSX Composite index(.SPTSX.CA)$$Copper(BK2510.US)$
Copper Has Been a Bad Investment Over the Past Couple Years Copper futures have been in a bear market for most of 2022 and 2023. This was mainly caused by weakened demand due to slow economic conditions caused by high interest rates worldwide. Copper is Almost in A Bull Market More recently, copper has been in a strong rally, just like most of the equity market. The price of copper futures sits just below the two hundred day moving averages. Below the...
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72973431 :
i still think silver an copper are underrated Detroit could use millions of feet of copper alone but silver is the only real metal to be undervalued bc it is still misunderstood right down to the fundamental it's even created...
THIS WILL BE AN UPDATE TO MY Jan 8 POST: This is the follow-up post to my Jan 8 post. Hopefully, this will cover what is happening, what is yet to come, and why. This is a big picture outlook. I expect this to occur over the next 7 years. This will not happen overnight (although there will be some crazy swings as what is happening works its way through the market). The Jan 8 post was long, I expect this to be long also. I have been working on it off and ...
razo2OP下一个十年的雷熊:
no oil is pricing in a recession because of the rate hike yesterday. nothing had changed because the fed still increase rate hike. dollar had been suppressed by rally in tech. so better observe resistance levels 13000 on NQ futures. if breaks we continue up. otherwise down due to overbought
razo2OP下一个十年的雷熊:
you are right. the rally is retail. technically speaking this should bring oil back up as USD weaken. so let the market decide. but since OPEC+ oil is pricing in a recession already.
What are the driving forces behind this surge, and how can you effectively tap into this metal's potential through dive...
After the U.S. The Bureau of Statistics released the hot non-farm payroll data for March last week. This Wednesday's key CPI data showed a higher-than-expected increase for the second month in a row, with growth rates exceeding expectations for three consecutive months. Housing and energy continue to be the main drivers of the CPI increase. 👇
...
1. The global manufacturing PMI is turning up and copper “performs well” when this happens
2. Copper tends to rise in line with equity market bubbles, like the one we’re in now, as the wealth effect from stocks tends to lift copper consumption
3. The long term energy transition is creating structural shift towards increased copper consumption
As a result of the above, Citi’s commodity strategists believe that “everything be...
As the global economy gradually rebounds, increased demand for energy may boost this sector. Additionally, I would closely monitor the technology industry, as technological innovation and digital transformation remain key market trends.
Considering the prospects of these sectors and the potential of individual stocks, I would invest in these areas.
$Copper(BK2510.US)$ $S&P/TSX Composite index(.SPTSX.CA)$
$Copper(BK2510.US)$ $S&P/TSX Composite index(.SPTSX.CA)$
$S&P/TSX Composite index(.SPTSX.CA)$ $Copper(BK2510.US)$
Copper futures have been in a bear market for most of 2022 and 2023. This was mainly caused by weakened demand due to slow economic conditions caused by high interest rates worldwide.
Copper is Almost in A Bull Market
More recently, copper has been in a strong rally, just like most of the equity market. The price of copper futures sits just below the two hundred day moving averages.
Below the...
This is the follow-up post to my Jan 8 post. Hopefully, this will cover what is happening, what is yet to come, and why. This is a big picture outlook. I expect this to occur over the next 7 years. This will not happen overnight (although there will be some crazy swings as what is happening works its way through the market). The Jan 8 post was long, I expect this to be long also. I have been working on it off and ...
watch $USD(USDindex.FX)$ and $Copper(BK2510.US)$
oil is not agreeing to this rally despite the dollar being down. short term rally.
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