February 26 copper market noon review

US Q4 real GDP annualized 4.
1% q/q, prior: 4%, forecast: 4.
2%.

U.
S.
jobless claims for the week were 73 million (million), prior: 86.
1, forecast: 83.
8
.
U.
S.
durable goods orders for January were 3.
4% m/m vs 0.
5% prior, and 1.
1%
expected.
Eurozone January three-month money supply M3 y/y 12% vs 11.
3%
prior.
Employment in the United States has greatly exceeded expectations, the dollar rose sharply overnight, the yuan and the euro fell sharply, and non-ferrous metals fell
under pressure.

Overnight, London copper once rose to a new high of $9617 before retreating to close at $9355, and U.
S.
copper opened
slightly lower today.
After the Shanghai copper rose sharply yesterday, the night session opened low and fell to close the shade, closing at 69360.
Shanghai copper trading positions are down, the short-term rise is too large after the market is cautious, may face adjustment, the adjustment is still expected to rise
.
Shanghai copper upper pressure 74000, lower support 65000
.
Today's international copper premium shrank to 542 points compared with Shanghai copper, and the rise of the US dollar had a greater impact
on external sentiment.