06 April 2011

MF Global : PBOC Rate Hikes

Source MF Global (typo in blue label, should be 2010)
Article titled "Does the market no longer fear PBOC tightening". 

Copper dips each time PBOC hike rates. So, buy every such dip? [eg yesterday HGK1 sold off from 428 to 421.35 on PBOC news. Now back to 430]

1 comment:

Taichiseal said...

BOC RRR hike announced over the weekend. But was widely expected so selling in Copper muted post-hike. Already declined a lot after 5.4% inflation (vs expectation 5.2%).