Supermarket Launch! Central Bank Weekly Critical Point, Copper Prices Break Out, Digital Assets Gather Momentum

This week has indeed been a bit unusual—ranging from commodities to digital assets, and to the collective decision-making cycles of global central banks, the market is playing out new stories on multiple fronts.

Copper prices hit a record high, tight supply boosts expectations

London copper prices surged to $11,747 per ounce today, again setting a new record. The logic behind this is clear: the replenishment demand for U.S. strategic reserves combined with structural tightness in global supply chains has continued to fuel bullish sentiment for cyclical commodities like copper.

Citibank’s forecast is even more eye-catching—copper prices could reach $13,000 per ton in the next 12 months, and in an optimistic scenario, could even break through $14,000 per ton. This means that if the forecast proves correct, there is nearly 20% upside potential for copper prices.

Digital assets rebound, ETF capital flow shows a turning point

The crypto market has risen for two consecutive days. According to the latest data, Bitcoin is at $87.69K (up 0.40% in 24 hours), and Ethereum is at $2.95K (down 0.41% in 24 hours). Although the gains seem modest, the underlying capital signals are worth noting.

On December 5, the U.S. spot Bitcoin ETF saw a single-day net inflow of $54.79 million, reversing previous continuous outflows. The shift in institutional investor sentiment often serves as an important market sentiment indicator. The signals expected from the Federal Reserve this week are likely to be the catalyst for this rebound.

“Super Central Bank Week” approaches, global monetary policy faces reshaping

This week can be called the “Action Week” for central banks. The Federal Reserve will announce its latest interest rate decision at 2 a.m. Beijing time on December 11. The Reserve Bank of Australia (December 9), Bank of Canada (December 10), and Swiss National Bank (December 11) will follow suit in succession.

Japan’s situation, however, appears more delicate—Q3 GDP shrank by 2.3% year-on-year and 0.6% month-on-month, both exceeding expectations. This adds uncertainty to the Bank of Japan’s rate hike path. The USD/JPY has risen slightly by 0.07% to 155.44, as the currency market digests these uncertainties.

Tech earnings week concludes with chip and database giants

In addition to central bank decisions, the earnings reports of tech giants will also be a focus this week. Semiconductor leader Broadcom (AVGO) will release its earnings after the U.S. market closes on December 11, while database leader Oracle (ORCL) will report after the market closes on December 10.

The quality of these earnings reports often reflects the true health of the global tech supply chain and can serve as a reference for subsequent investment decisions.

Overall, this week’s super market is releasing signals across three dimensions: supply support in commodities, institutional capital turning points in digital assets, and potential shifts in global central bank policies. Investors need to navigate these intertwined signals to find their own opportunities.