SMM3, March 4: as the epidemic poses an evolving risk to the US economy, the Federal Reserve cut its benchmark interest rate by 50 basis points and IOER by 50 basis points to 1.1 percent on the evening of March 3, Beijing time. As a result, copper fell significantly in night trading, from $5682 / tonne to $5660 / tonne at the close, down $22 / tonne for the time being, but what is the trend in the future? we can refer to the trend after previous Fed emergency interest rate cuts.
From the above data, we can see that:
Well, after the interest rate cut on March 4, 2020, we think that the probability of falling on the first day is relatively high. The trend in a week and a month later will seem to be the evolution of the epidemic in the United States. According to the current situation of the US government as a small situation, we expect the probability of a decline in the future to be slightly higher.
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