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What to Watch in Copper
Following a heavy sell off across the first half of the month, copper prices have stagnated over recent weeks with the futures market trading a tight range atop the 4.30 level. The key drivers of downside sentiment have been weakness in China data, disappointment with government stimulus, a stronger US Dollar on increased risks of a Trump elections win and a less dovish outlook from the Fed, as well as weaker manufacturing levels globally. Despite generally gloomier conditions, the market has been able to stabilise and avoid a further sell off. However, there are big risks ahead with tomorrow’s US jobs report and ... (full story)
