EPIC RESEARCH MCX Copper UPDATE OF 22 March 2019

Posted by Commodity Updates by Epic Research on 12:16:00 with No comments

Copper trading range for the day is 436.9-452.7.

* Copper prices retreated from highs as the U.S. dollar, which had fallen after dovish comments from the Federal Reserve, rebounded.

* The Fed roiled markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be at an end.

* The market was in a 387,000 tonne deficit in 2018 compared with a 265,000 tonne deficit the year before, the International Copper Study Group said.


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