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Can Copper Recover From Here?
Copper Sell-Off Pauses Copper prices continue to stabilise ahead of the weekend following heavy selling earlier in the week as a breakout move in USD hit commodities sentiment. Copper futures were down around 7.5% at the lowest on Wednesday but have not made any fresh push lower since as questions have started to emerge over the US inflation outlook in light of yesterday’s unchanged core PCE data and heavily lower oil prices. Hawkish Fed Shift Earlier in the week, copper came under heavy selling pressure as USD broke out to fresh YTD highs. Much of this move was driven by traders still digesting the June FOMC last ... (full story)
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From investinglive.com | 8 hr ago
Gold fell briefly below the 4,000 level on Wednesday but couldn’t extend the losses further as we started to see pullbacks in real yields and the US dollar. It looks like we have reached the peak in the hawkish repricing, and the next leg will need upside surprises in the US NFP and US CPI reports. Fed’s Williams yesterday reiterated that the current policy ...
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- Jun 26, 6:48am | 10 hr ago Posted byTechnical Analysis63
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