Shanghai copper afternoon review on September 18

U.
S.
jobless claims for the week ended September 12 were 860,000, prior: 88.
4, expected: 85
.
The total number of housing starts in the United States in August was 1.
416 million annualized, prior: 149.
2, expected: 147.
8
.
Eurozone August CPI -0.
4% m/m, prior: -0.
40%, expected: -0.
4%.

U.
S.
economic data fell slightly below expectations overnight, with the dollar tumbling, the euro soaring, the yuan flat, and non-ferrous metals rebounding mostly higher
overnight.

Recently, the global financial risk appetite has repeatedly wavered, asset prices have fluctuated greatly, attracting much attention to the Fed's September interest rate meeting "tight", the Fed sharply raised the US economic forecast for 2020, but Chairman Powell stressed that he does not want high inflation, the market expects that the Fed's future policy stimulus and inflation tolerance may lead to more conservative, or weaken the rebound momentum of financial markets, especially the stock market and commodities, and the short-term rebound may be more expected to be expected by a new round of fiscal rescue plans in the United States as soon as possible
。 At present, the pressure of copper and aluminum high pullback pressure under the leadership of macro factors has increased, and whether the traditional peak season expectations of gold nine silver and ten are expected to be falsified in the fundamentals remains to be seen, pay attention to risk control and beware of short-term high pullback risk of commodities with large gains in the early stage
.