[MARKET UPDATE] CME copper futures print fresh intraday highs with buying momentum seen in the last 20-30 minutes, which also coincided with a return to above the USD 6.0/lb level, while LME copper hit a record high just shy of USD 14k/ton
CME copper futures hitting fresh intraday highs indicates strong buying momentum, particularly as it moves back above the USD 6.0/lb mark.
[MARKET ANALYSIS] DXY is rangebound following a lack of major fireworks at the FOMC and Powell presser
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[MARKET UPDATE] CME copper futures print fresh intraday highs with buying momentum seen in the last 20-30 minutes, which also coincided with a return to above the USD 6.0/lb level, while LME copper hit a record high just shy of USD 14k/ton
[MARKET ANALYSIS] T-note futures struggle for direction after yesterday's choppy performance and post-FOMC recovery
[MARKET ANALYSIS] Oil prices remain firmer after gaining amid geopolitical risks surrounding Iran
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This surge, alongside LME copper approaching record highs, suggests heightened demand and possibly tighter supply, which could have significant implications for inflation and overall market sentiment, especially in metals and related equities.
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