Copper
Highlights Pandemic uncertainty is keeping the USD well bid by raising global economic policy uncertainty. When this breaks – i.e., as higher vaccination rates push contagion rates down – the USD will resume its bear market. Renewable-energy output surpassed fossil-fuel generation in Europe…
Elevated Risk Of Copper Correction…
Highlights Rising commodity prices and a weaker dollar will lead to higher inflation at the consumer level beginning this year. In the real economy, tighter commodity fundamentals – restrained supply growth, increasing demand, and falling inventories in oil, metals and grain markets – will…
Buy Copper On The Dip
Buy…
Highlights Prices of global major commodities such as copper and iron ore have rallied significantly this year. It seems that strong Chinese imports once again became the major driving force for both commodities. Is the rally in commodity prices sustainable in 2021? This is the first of three…
Copper: Less Chinese Imports Could Cause An Air Pocket…
Your feedback is important to us. Please take our client survey today. Highlights Mounting populism has created a structural tailwind behind inflation. The risk that inflation accelerates quickly is greater than the market appreciates. Monetary dynamics strongly influence consumer prices…
A Tactical Opportunity To Go Long Brent / Short Copper…
China’s Copper Buying Spree Continues…
Highlights China’s surge in refined copper imports allows it to cover a structural short position it has in this critical commodity – mostly in its unrefined state – and ensures the stimulus being deployed to revive its economy ahead of the 100th anniversary of the founding of the Communist…