Copper Weekly Fundamental Analysis – January 11-15, 2016 -Forecast

Posted By Posted On 10 January 2016

Weekly Analysis and Recommendations:


Copper had a bumpy ride this week on problems brewing in China and ended the week at 2.0160 and looks headed to fall below the $2 range.  This week, China was the culprit behind the market selloff. On both Monday and Thursday, trading in Chinese stocks was halted early as a 7% slide in the CSI 300 index triggered circuit breakers. The circuit-breaker system was criticized for fueling more panic and volatility in the market, rather than calming it, and Chinese authorities suspended the mechanism late Thursday.


Global markets ended a dismal week with a whimper Friday, capping one of the worst starts to a trading year in history and exacerbating concerns that global economic turmoil will continue to rattle investors.


Much of the week’s turmoil originated in China, where authorities on Friday moved to stabilize the currency, bought shares and suspended a circuit-breaker system that fueled days of global financial panic.


As a degree of confidence trickled back to China, global markets also took heart from the Chinese government’s rescue act. In China, the CSI 300 index in Shanghai and Shenzhen closed 2 percent higher, recovering after an early decline. Gains were more modest in other Asian markets, and European exchanges held on to gains.


FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed silver">monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our weekly reports and we provide daily updates and outlooks.




Major Economic Events for the week:

































































































































Tuesday, January 12, 2016








Manufacturing Production
















Wednesday, January 13, 2016








Trade Balance (Dec)
















Thursday, January 14, 2016










Employment Change (Dec)























Interest Rate Decision (Jan)
















Friday, January 15, 2016










Core Retail Sales (MoM) (Dec)























PPI (MoM) (Dec)























Retail Sales (MoM) (Dec)













Upcoming Government Bond Auctions


Date Time Country 


Jan 12 11:00 Austria Holds bond auction


Jan 12 11:00 Netherlands Euro 1-1.5bn 2.5% 2033 DSL


Jan 12 11:30 UK 0.125% 2046 Inflation-linked Gilt


Jan 12 n/a UK Announces details of Gilt auction on Jan 20


Jan 12 19:00 US Holds 3-year note auction


Jan 13 11:05 Norway Holds bond auction


Jan 13 11:10 Italy Holds BTP


Jan 13 11:30 Germany Euro 5bn Feb 2026 Bund


Jan 13 19:00 US Holds 10-year note auction


Jan 14 10:30 Spain Auctions Bonos/Obligaciones


Jan 14 19:00 US Holds 30-year bond auction


Jan 14 N/A US Announces details of 10-yr TIPS auction on Jan 21


Jan 18 11:00 Belgium Holds OLO auction

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