Key Macroeconomic Indicators for Base Metal Prices (2017-9-4)-Shanghai Metals Market

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Key Macroeconomic Indicators for Base Metal Prices (2017-9-4)

Price Review & Forecast 09:30:47AM Sep 04, 2017 Source:SMM

SHANGHAI, Sept. 4 (SMM) –Market will eye euro zone’s September Sentix investor confidence index today. 

The US dollar index fell last Friday after release of non-farm payrolls, but the rallied on positive interpretation of non-farm payrolls and positive manufacturing data. Remarks by several Fed officials this week will have big impact on dollar.

Today is US labor holiday, which may affect trading activity. With quiet macro front, market will continue digesting non-farm payrolls and manufacturing data. Expectations for policy decision of ECB will also impact market.   

Euro zone’s Sentix investor confidence index has been falling for two months in a row. But, the index may turn positive in September, due to positive euro zone economy and recent upbeat economic data, which may boost market confidence. 

See SMM price forecast, please click: SMM Price Outlook for Base Metals on SHFE (Sept. 4, 2017)

 



 

Key Macroeconomic Indicators for Base Metal Prices (2017-9-4)

Price Review & Forecast 09:30:47AM Sep 04, 2017 Source:SMM

SHANGHAI, Sept. 4 (SMM) –Market will eye euro zone’s September Sentix investor confidence index today. 

The US dollar index fell last Friday after release of non-farm payrolls, but the rallied on positive interpretation of non-farm payrolls and positive manufacturing data. Remarks by several Fed officials this week will have big impact on dollar.

Today is US labor holiday, which may affect trading activity. With quiet macro front, market will continue digesting non-farm payrolls and manufacturing data. Expectations for policy decision of ECB will also impact market.   

Euro zone’s Sentix investor confidence index has been falling for two months in a row. But, the index may turn positive in September, due to positive euro zone economy and recent upbeat economic data, which may boost market confidence. 

See SMM price forecast, please click: SMM Price Outlook for Base Metals on SHFE (Sept. 4, 2017)