The lower price of copper found enough investors to lift copper by 1% while the strong US dollar, high inventory levels and drop in oil prices continues to put a cap on more gains. The U.S. dollar surged to its highest against the euro since January, extending its recent bull run on growing expectations [...]
Copper saw a two percent drop as the dollar holds firm, oil prices dropped and investors showed their concern for metal demand. “It’s not any shift in underlying fundamentals of supply and demand, it’s really of lot of negative perceptions about the global economy which are affecting commodities as a whole.” Read the complete [...]
London Metal Exchange stocks rose leaving a downturn in copper prices as inventory increased. Shanghai Futures Exchange is also rumoured to have big arrivals. Despite the decrease in the US dollar and an increase in crude oil concern seems to be on inventory. “Unusually, metals are looking past these items and seem to be focusing, instead, [...]
A decrease in the US dollar and strengthening of crude oil prices supported a rise in copper futures. Concerns about China’s demand remain unanswered thereby limiting copper’s potential further rise. Copper up in sympathy with firmer crude oil prices, which rose sharply as investors kept a wary eye on storm Gustav and its potential threat [...]
Copper is riding a three week high and an increase of almost four percent due to increasing oil and a falling dollar. Industrial metals have recently been hostage to moves in currency markets as a weak dollar makes dollar-denominated metals cheaper for local currency holders. Analysts say that on a technical basis, copper couuld rally [...]
Strong precious metals and energy markets supported the rise of US copper. The Energy Information Administration‘s weekly data for US petroleum and crude oil stock will direct the pricing further. Copper taking its cue from a firmer tone crude oil prices ahead of fresh inventory data. [O/N] * U.S. crude oil inventories were forecast to [...]
A pause in the dollar rally led to a rise in US copper futures after last week’s a six-month low. The dollar slipped against a basket of currencies on Monday, weighed down by a recovery in oil prices which gave investors the opportunity to take profits on the greenback’s recent sharp rally. Read the complete [...]
Keeping in line with a drop in crude oil, US copper futures have also fallen. A firmer dollar and continued concerns about economic growth left copper just above its 6-week low. Copper down in tandem with energies and precious metals complexes, after the dollar extends its morning gains on better-than-expected U.S. July consumer confidence data. [...]
New Delhi reported a strong US currency and a weak global market found copper prices falling on the domestic futures market. Traders said reports that global demand of copper would decline and firm US dollar put pressure on the copper prices in the futures market here. “Rising inventories, strong US dollar and slowing demand were [...]
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