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Copper Technical Analysis

Copper has been declining ever since the "China reopening" trade failed. Disappointing economic data from China, coupled with the lack of action from officials, contributed to this downturn. However, more recently, the People's Bank of China (PBOC) proceeded with cuts to its benchmark rates, but the market sold off after the fact as the market may have wanted to see more. The global manufacturing sector remains in a downturn due to tighter monetary conditions and weaker demand. All else being eq... Read More

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Copper

Technical

Analysis

Forex

Posted: Jun 28 2023, 10:02

Author Name: forexlive

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