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Copper Falls As Trade Fears Return
Following a strong upside move on Wednesday, copper prices are falling back ahead of the weekend with the futures market now down around 2% from the week’s highs. Price had spiked mid-week as the US ADP print came in well below forecasts, raising speculation of a soft NFP print to come. Market chatter around a potential Fed rate cut this month was helping underpin risk sentiment. However, an eventual upside beat in the NFP yesterday put an end to this speculation with copper prices seen reversing lower as USD rebounded. Traders have now fully undone July easing expectations which could pave the way for a firmer USD ... (full story)
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- Jul 4, 2025 6:51am Posted byTechnical Analysis230
