By Leia Michele Toovey- Exclusive to Copper Investing News Copper rallied to a one week high on Monday as uncertainty over the U.S. banking bailout dropped the American currency in comparison to the yen and euro. Further positive sentiment was extended as stocks fell in Asian warehouses, suggesting a pick-up of demand in China. Extra [...]
Continue reading "Copper rallies as bailout leaves uncertain future for US dollar"
Thursday, September 18, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
Continue reading "As week closes, negative market sentiments extend to copper"
Monday, September 15, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold. The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in [...]
Continue reading "Lehman catastrophe fails to shake LME copper"
Thursday, September 11, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Wednesday was the first day in five sessions that U.S. copper futures ended up. The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper [...]
Continue reading "Supply threats lend support to copper"
Thursday, August 28, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains. The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal [...]
Continue reading "Copper eases on lack of demand"
Thursday, August 21, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News US copper was pushed to a two-week high on early Thursday trading, as a decline in the American currency made dollar-dominated commodities more attractive to investors. Signs that China, the world’s biggest user of the metal, may have a refreshing demand picture as the Olympics [...]
Continue reading "Copper still in a bull market?"
Monday, August 18, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]
Continue reading "Copper price revival continues"
Tuesday, August 12, 2008
By Leia Michele Toovey- Exclusive for Copper Investing News Friday marked the kick-off of the Beijing Olympics, a milestone that has been long anticipated by the market. India’s copper futures opened with little change on Monday as rising stocks and shrinking demand continued to cap the upside. Early morning, the benchmark August copper on the Multi [...]
Continue reading "Beijing Kick-off does little to Rally Copper"
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Monday, September 22, 2008