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Is Copper At Risk of Major Sell-Off?
Copper prices are back in the green today with the futures market benefiting from some early USD weakness on Monday. The market had dropped sharply again last week, hampered by a fresh push higher in USD. Looking ahead this week, with plenty of bullish risks for the greenback, copper prices are seen at risk of a fresh plunge lower. The Iran war shows no signs of slowing and with a ceasefire currently well off the table, USD safe-haven demand should reman a key theme, keeping commodities prices pressured lower. FOMC & USD Looking ahead this week, traders will be watching the Fed on Wednesday to learn how the bank ... (full story)
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