Copper: The relief rally is running on fumes – TDS Copper China Metals Banks
Copper's stimulus-relief rally is overdone, in the opinion of Daniel Ghali, Senior Commodity Strategist at TD Securities.Chinese stimulus hopes have bolstered demand signals in recent days, but we now see risks of a resumed slump with demand expectations no longer consistent with recent history. Participants could be in for an unpleasant surprise as officials refrain from stoking leverage.
Without a game-changing stimulus package announcement, the set-up is ripe for consolidation in Copper markets.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD to do quite well in the months ahead – TDSGold was little changed after the Fed rate decision. Economists at TD Securities analyze XAU/USD outlook. Future rate decisions will very much be driv
Read more »
USD/IDR: Dovish BI stance will not be helpful for the Rupiah – TDSEconomists at TD Securities discuss IDR outlook ahead of the Bank of Indonesia Policy Decision. BI may extend its pause BI may extend its pause since
Read more »
Chile's Codelco must kick-start lithium industry while reviving copper outputChilean President Gabriel Boric, seeking to expand the country's long-stalled lithium industry, has tasked state-owned Codelco, the world's largest copper producer, to lead the charge of developing the white metal needed for electric vehicle batteries.
Read more »
Kang Daniel releases the original synopsis behind his 4th mini-album 'REALIEZ' | allkpopKang Daniel has released a new video ahead of his comeback.In this clip, the original synopsis behind his concept for the 4th mini-album '…
Read more »
Dodgers’ Julio Urías and Daniel Hudson set target for returnThey plan to be active for the June 30-July 2 series against the Royals. The Dodgers have a 5.60 ERA, 29th among MLB teams, since Urías went on the injured list May 20.
Read more »
Update: Kang Daniel Intrigues With “Original Synopsis” Film For “REALIEZ” ComebackUpdate: Kang Daniel Intrigues With “Original Synopsis” Film For “REALIEZ” Comeback
Read more »