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Copper

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Gold, silver, copper hit by higher rates, stretched positioning, bias remains to buy dips

Metals markets finally succumbed to the higher rates, stronger US dollar environment on Wednesday, with vulnerabilities evident earlier in the week finally materialising. But the underlying factors behind the rally have not gone away, making us inclined to continue buying dips.

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May 23, 2024 12:53 AM
Forex trading

USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

Asset managers reached a record level of net-short exposure to VIX futures, days before prices fell to a record low. Traders also remain net-long USD despite losses in recent weeks.

Quarry and various stones

Be cautious chasing COMEX copper higher with big bears lurking above $5

The upside in copper flagged last week has played out nicely, delivering a fresh contract high for the red metal on COMEX futures. However, the price action over the latter parts of this week has not been convincing, warning of growing near-term downside risk.

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May 16, 2024 11:58 PM

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Gold, silver and copper eyeing upside, US inflation report key to US dollar impact

The stronger US dollar has acted as a handbrake on commodity prices, limiting what may have been otherwise a spectacular rebound to start 2024. Imagine what may happen if the dollar were to break down?

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May 10, 2024 01:36 AM
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Hold your horses before buying copper’s bullish break

Those considering buying the break may want to look at copper’s lousy track record when it’s been this overbought on the four hourly chart in the past.

Gold nuggets

Gold, silver and copper analysis: Metals rally on China optimism and weaker dollar

Gold, silver and copper all rally as US dollar drops despite hot inflation, with base metals finding additional boost from optimism about Chinese demand. Silver analysis suggests the grey metal could be in for more gains, while gold analysis point to a new record high.

Research

US dollar bears remain undeterred: COT report

Traders were their most bearish on the US dollar against all currencies in four months, despite the Fed's attempt to push back on multipole rate cuts this year.

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January 15, 2024 01:45 AM
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AUD/USD Forecast: Why Copper’s Weakness Could Drag Aussie Down

AUD/USD could be vulnerable to more selling pressure amidst soft inflation data and ongoing weakness in Copper prices

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S&P 500 analysis, Copper and EUR/USD outlook - Technical Tuesday

Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this edition of Technical Tuesday, we will analyse the S&P 500, copper and EUR/USD.

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August 1, 2023 05:51 PM
Uptrend

Copper, USD/CNH and AUD/USD outlook boost by China stimulus – Technical Tuesday

Ahead of key central bank decisions, markets associated with China doing relatively well following news that top leaders in China indicated more support for the real estate sector. We have seen a big move in copper and other metal prices, with crude oil, yuan and Aussie all also pushing higher. So, in this edition of Technical Tuesday we will provide analysis on the AUD/USD outlook, as well as the USD/CNH and copper.

Uptrend

Copper outlook: Metal sets for potential rally

Copper is benefiting from a weaker US dollar and China re-opening

Market chart showing uptrend

Copper strength signaling stronger Yuan

The correlation coefficient between Copper and USD/CNH is -0.83. As long as this correlation is below -0.80, USD/CNH could be used as a proxy for copper.

January 11, 2023 04:25 PM
China flag

Copper turns red as China concerns mount

The situation is escalating, and people don’t want to be caught offside with the weekend fast approaching.

Molten metal

Trading copper futures online: how to speculate on the price of copper

Copper has a huge range of applications across industries, which is why traders use it as a benchmark for economic health. Learn how to trade copper futures and copper mining stocks to take advantage of changes in the metal’s price.

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October 28, 2022 09:15 AM
Quarry and various stones

What are the most traded commodities?

The most traded commodities are energy sources like oil and gas, plus metals such as gold and agricultural products. Here we break down the top ten most traded commodities and explain how each one is traded.

China flag

Stocks, copper and oil drop as growth concerns intensify

fears over growth intensified after China postponed the release of its GDP and industrial production figures

China flag

Stocks, copper and oil drop as growth concerns intensify

fears over growth intensified after China postponed the release of its GDP and industrial production figures

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Molten metal

Copper slumps as recession fears intensify

Bearish engulfing candle points to even weaker prices...

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October 6, 2022 06:25 PM
Molten metal

Copper slumps as recession fears intensify

Bearish engulfing candle points to even weaker prices...

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October 6, 2022 06:25 PM
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Copper and USD/CHF have a high negative correlation!

As long as the correlation holds, traders who don’t have access to trade copper can use USD/CHF as a proxy.

August 17, 2022 08:49 PM
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Recession Trade Keeps Risk Assets Under Pressure

Fears over a recession continues to drive financial markets, with commodities feeling the heat

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What’s driving the global markets right now?

Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets

downtrend chart

Fears of global slowdown continue to weigh on Copper and AUD/USD

With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!

June 29, 2022 03:59 PM