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Copper: Dawn of a Cycle or Beginning of a Decline? Prospects between the Chinese Crisis and Global Ambitions
The copper market, which has always been considered the thermometer of the global economy, is going through an unprecedented period of uncertainty. On Thursday, 8 August 2024, copper prices with a September expiry date attempted a modest rally, but failed to regain...
Zinc Prices: An In-Depth View
Looking at the 3-month LME zinc price chart, a key support emerges in the $2,630/mt area. This level corresponds to the 61.8% Fibonacci retracement drawn from the rise from the mid-February 2024 lows. This support also coincides with the transit area of the 200-day...
The Relation between Copper and the Dollar Index: Analysis of Market Trends
In the global economic landscape, copper and the dollar index (DXY) play key roles, often in inverse relation. Copper price trends and the strength of the US dollar are key elements influencing many investment decisions and market strategies. The image at the end of...
Analysis of the Euro/Dollar Exchange Rate and the Influence of the Fed and ECB Interest Rates
The year 2024 is shaping up to be a crucial one for global monetary policies, with a particular focus on the moves of the European Central Bank (ECB) and the US Federal Reserve (FED). Both institutions face unique challenges, with the common goal of navigating through...