Trade
Copper Updates
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ShareTipsExpert
Copper futures updated itself to the top level since 15 Sep on 17 Jan 2011, as better than expected Chinese economic data & known as CED eased fears over a ‘tuff landing' in the world's largest copper consumer. http://bestmcxtips.com
Next week copper updates itself from 440 to 395, and our experts analyze this because:
1. When official data released it showed that China's economy expanded at an annualized rate of 8.9% in the fourth quarter, slowing from the previous quarter's 9.1% rate, but slightly better than expectations for an 8.8% increase.
2. While the data was better-than-expected, the copper updates its price for economy grew at the slowest pace in more than two years.
3. China is the world's largest copper consumer, accounting for almost 45% of world consumption last year according to commodities updates.
4. China’s growth sign for the copper rates hike in future, so traders are more interested in copper updates now.

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