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Today's Shanghai copper weakness lower, the decline accelerated further after midday, as of the end of the day closed Shanghai copper Shanghai copper main force 2107 closed at 68450, down 1870, down 2.
66%.
On the macro front, the Fed will hold an interest rate decision and release its economic forecasts
for the second half of the year.
At present, there are certain differences within the Fed, and some officials believe that the bright economic data is enough to support the Fed to reduce its bond purchases in the near future and raise interest rates in 2022; Other officials believe that the Fed not only needs to look at the situation of the domestic economy, but also consider the impact
of overseas epidemics on the United States.
The Fed's interest rate decision is about to land, the domestic national reserve dumped goods officially issued, and the bearish forces in the copper market accelerated the attack on Shanghai copper breaking through multiple support levels, and it is still in a weak market
.
At present, most of the market expects that the Fed will open hawkish remarks, liquidity expectations change coupled with the traditional domestic copper consumption off-season, poor demand, copper market risk increase to promote safe haven out of positions
.
It is recommended to pay attention to the Fed's interest rate decision in the evening, the support level below the main force of Shanghai copper is around 67,000, and it is operationally recommended that traders mainly have short positions, existing inventories are temporarily waiting, and downstream stocks are available as they go, waiting for the news to land
.
