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

Posted By FxNewInfo.com 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.

 

copper

 

Major Economic Events for the week:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time

 

 

Cur.

 

 

Imp.

 

 

Event

 

 

Actual

 

 

Forecast

 

 

Previous

 

 

 

Tuesday, January 12, 2016

 

 

 

  GBP

 

 

 

Manufacturing Production

 

 

 

 

 

0.1%

 

 

-0.4%

 

 

 

 

 

 

Wednesday, January 13, 2016

 

 

 

  CNY

 

 

 

Trade Balance (Dec)

 

 

 

 

 

53.00B

 

 

54.10B

 

 

 

 

 

 

Thursday, January 14, 2016

 

 

 

 

 

  AUD

 

 

 

Employment Change (Dec)

 

 

 

 

 

-12.5K

 

 

71.4K

 

 

 

 

 

 

 

 

 

  GBP

 

 

 

Interest Rate Decision (Jan)

 

 

 

 

 

0.50%

 

 

0.50%

 

 

 

 

 

 

Friday, January 15, 2016

 

 

 

 

 

  USD

 

 

 

Core Retail Sales (MoM) (Dec)

 

 

 

 

 

0.2%

 

 

0.4%

 

 

 

 

 

 

 

 

 

  USD

 

 

 

PPI (MoM) (Dec)

 

 

 

 

 

-0.1%

 

 

0.3%

 

 

 

 

 

 

 

 

 

  USD

 

 

 

Retail Sales (MoM) (Dec)

 

 

 

 

 

0.1%

 

 

0.2%

 

   

 

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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