Analysts predict robust consumption of copper in the next decade. Read more to see why I think Hudbay (HBM) stock could still fall from its current level.
Copper prices have fallen more than 25% since their March 2022 highs as interest rate hikes and fears of a global recession have dampened expectations for the metal’s demand.
Copper prices have most traded sideways, and markets are now waiting for Chile to vote on a new constitution that could have serious consequences for copper supply
AUD/USD at Risk Amid Less-Dovish Fed, PBOC Normalization, Australia-China Tensions: Q3 Top Trading Opportunities
2021-07-12 00:00:00
Daniel Dubrovsky,
Strategist
AUD/USD Bearish – Q3 Top Trading Opportunity
Sentiment-linked Australian Dollar fell in Q2 despite rosy trader mood
Federal Reserve appears to be shaping up to be less dovish versus RBA
AUD/USD may struggle amid important spillovers from China in Q3
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The Australian Dollar topped against the US Dollar in the first quarter and continued its slow and steady descent in the following three months. The third quarter could look similar, with AUD/USD struggling. That is because it might be weighed down by a combination of a less-dovish Federal Reserve and ongoing developments in China that pose a risk to the currency’s trajectory.