Copper, Crude Oil Costs Surge. Eyes on Fed Chair Jerome Powell for Subsequent Strikes
Copper, Crude Oil, Fed Chair Jerome Powell, YCC, Commodities Briefing – Speaking Factors:
- Copper and crude oil prices prolong dominant uptrends as US Dollar sinks
- Merchants could also be pricing in Fed yield curve management on medium-term charges
- All eyes on Jerome Powell as market sentiment improves to begin Tuesday
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What are the top trading opportunities this year?
After Monday’s 1.64% achieve, copper futures are one step nearer to the most effective month since November 2016, the place the purple metallic gained about 18.9%. On the time of writing, COMEX copper futures are up roughly 17.8% in February. Surpassing the efficiency in November 2016 would imply the most effective month since 2009. The rally within the purple metallic was not…