129725023508206844_65Monetary conditions favourable copper prices rally or will continue
During the Spring Festival, Greece debt writedown appeared progress United States slightly optimistic data, makes European and United States stock rally driven rebound in copper prices. At the same time, the Fed's policy statements the market optimistic about more money to put, Fitch downgraded credit ratings of five European countries does not have a big impact on the market. From a fundamental point of view, domestic demand for replenishment and import financing needsLead to copper inventories continued to decline, but it has not entered the lower part copper consumption, demand Outlook gloomy climate, investment fund buying behavior is main reason for the rebound in copper prices. In the new year on the income of the first meeting, for the medium and long term monetary policy specified in the direction of the Federal Reserve, which beat market expectations. In January, in a policy statement of the Federal Reserve to keep interest rates at 0-0.25%The interval does not change, and at least the end of 2014 at a very low level. In addition, Bernanke also room for further asset purchase plan. At the same time, in the distribution of voting rights in the Federal Reserve, tend to use monetary policy to support economic growth number of doves will occupy more seats, which make the market for medium-and long-term monetary policy more optimistic. At the time of declining copper stocks, Quantitative easing expectations that lead to a weaker dollar
the old republic Mercenary Commendation power leveling, generated a rebound in copper prices market environment. The domestic front, established the central economic work Conference in 2012 in China's economic "amidst" overall development, and will continue to implement the proactive fiscal policy and prudent monetary policy. Monetary policy is concerned, following last year's fall in December after the reserve after the crunchMonetary policy have thus come to an end. For copper prices, and monetary commitment
swtor Mercenary Commendation power leveling, a restorative growth and stock overlap striking good season. 2012 credit growth target set by the financial work Conference at about 8 trillion, the broadest measure of money supply M2 for, combined with the annual "3:3:2:2" currency investing ideas, monthly new loans may be in the first half amounted toAs much as 800 billion or 900 billion.
After a year of tight situation, monetary policy good for Bronze benefit weight lifting. The second half of 2011, defeat with utmost effort to decrease prices of investment funds, and at one point formed a period of 4 months of funds clearance. During the Lunar New Year holiday, according to fund clearance environment has been given a considerable difference. As of January 24,CFTC copper Futures Fund net position increased over section earlier 6,262 4,523 to hand in hand, reversing the previous week's clearance of 1739 hand situation, net and funds had returned to the levels in mid-August 2011. Investment funds heavily in the futures copper market to cover short and long, booster decline in copper prices recovered almost half a year. At this point, financial properties influence on copper pricesVery prominent. Above, we believe that the macro-level, monetary conditions at home and abroad to benefit raises investment fund short covering and how heavily, is a leading cause of strong rebound in copper prices, expect that the uptrend will continue. From copper and its fundamentals, copper inventories continued to decline has led to signs of stress, although domestic demand season led to inventory is not musicView, but strong seasonal spot prices helped copper prices at least maintain the current level. Technically, copper material supported by $ 8,200 tremors upstream
star wars the old republic commendation power leveling, it is recommended that after obtaining support near Shanghai copper 58,500 Yuan/ton, stop-loss buying and refer to that location again.
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