Monday, 9 August 2021

Copper Analysis: Inflection Point Incoming, Major Support Test Looms

Copper looks set to retest an ascending trendline from March 2020. A slowing Chinese economy is weighing on sentiment amid the spreading Delta Covid variant.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...