{"id":161388,"date":"2019-12-09T10:45:47","date_gmt":"2019-12-09T15:45:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=161388"},"modified":"2019-12-09T06:32:35","modified_gmt":"2019-12-09T11:32:35","slug":"copper-analysis-lower-us-recession-risks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/copper-analysis-lower-us-recession-risks\/","title":{"rendered":"COPPER Analysis: Lower US recession risks"},"content":{"rendered":"
December 9, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Lower US recession risks<\/strong><\/p>\n

Good labor market data came out in the US. This reduced the risks of a slowdown in the global economy. Will Copper prices<\/a> continue rising?<\/p>\n

Nonfarm payrolls in the United States increased by 266 thousand in November, which is a 10-month high. This can significantly reduce recession risks in the US and global economies. In addition, China announced the abolition of certain duties on US goods, which could be a signal of its readiness to continue trade negotiations with the United States.<\/p>\n

\"Copper\"<\/p>\n

On the daily timeframe the Copper: D1<\/b> is in an uptrend and has already bounced off from its lower boundary for the 3rd time. A number of technical analysis indicators formed buy signals. The chart breached up the 200-day moving average line. The further price growth is possible in case of an increase in demand for copper in China and the US.<\/p>\n