COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-434 S1-424 S2-418
Copper prices dropped as pressure seen despite upbeat economic performance indicators, but
China’s growth was still dependent on investment, triggering market concerns.
US Fed’s Beige Book indicated the 12 Fed districts all reported increased growth in consumer expenditure and manufacturing expansion.
The Fed’s June policy meeting Minutes reveal that it has begun planning how to ease the US economy out of this accommodative policy era.
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