Created
: 2025.06.30
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Copper breakout targets 10,160 on renewed uptrend - Société Générale
World FX news
Breaking news
Copper breakout targets 10,160 on renewed uptrend - Société Générale
New
2025.06.30 19:54
2025.06.30 19:54
2025.06.30 19:54
LME Copper has regained strong upward momentum after clearing the 50-day moving average, setting the stage for a potential move toward multi-month highs, Société Générale's FX analysts note, Société Générale's FX analysts note.
LME Copper eyes higher peaks
"LME Copper established itself above the 50-DMA recently and broke out from a base. This has resulted in a steady up move. Daily MACD remains anchored within positive territory highlighting prevalence of upward momentum."
"LME Copper is likely to inch higher gradually towards projections of 9940/9975 and perhaps even towards the graphical level of 10160 representing the peaks of September 2024 and March 2025. If a short-term pullback develops, the 50-DMA near 9560 may provide support."
Last updated
: 2025.06.30
Related articles
Silver to Copper: Strategic hoarding redraws commodity maps - TDS
50 minutes agoGold shines as trust in monetary order erodes - TDS
55 minutes agoSilver consolidates near $36.00 with risk-on sentiment limiting gains
2025.06.30 23:26Gold steadies as policymakers rush to pass Trump's tax bill
2025.06.30 21:37Copper breakout targets 10,160 on renewed uptrend - Société Générale
2025.06.30 19:53Gold Price Forecast: XAU/USD failure to breach $3,300 brings $3,250 back into focus
2025.06.30 19:33
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Silver to Copper: Strategic hoarding redraws commodity maps - TDS
Under the hood, raw materials ranging from Silver, platinum and Copper have priced in extreme scarcity over the last months, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
2025.07.01 01:34WTI Crude Oil pares earlier gains as focus shifts from Prax insolvency to OPEC+ supply outlook
West Texas Intermediate (WTI) continues to trade in a narrow range on Monday, with the US Crude Oil benchmark remaining below $65.00 per barrel at the time of writing.
New
2025.07.01 01:32Gold shines as trust in monetary order erodes - TDS
Gold's rally isn't about demand, it's about trust. We believe we are in the midst of the third major change in the monetary order. The positioning set-up in Gold is simply a symptom of this mega-theme, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
2025.07.01 01:29USD/CAD Price Forecast: USD/CAD edges lower within wedge as Canada rescinds tech tax
The Canadian Dollar (CAD) is gaining ground against the US Dollar (USD) on Monday after Canada announced it would cancel its planned digital-services tax on American tech companies. US President Trump had halted trade talks Friday, calling the tax "a direct and blatant attack" on US tech firms.
New
2025.07.01 01:01GBP/USD holds steady near 1.3700 as Bostic tempers Fed cut bets, solid UK GDP
GBP/USD is virtually unchanged during the North American session amid hawkish comments by Atlanta's Fed President Raphael Bostic, even though UK data revealed that the economy grew at its fastest pace in one year. At the moment, the pair trades at 1.3707, virtually unchanged.
New
2025.07.01 00:05Silver consolidates near $36.00 with risk-on sentiment limiting gains
Silver is holding within a tight range on Monday, with XAG/USD consolidating around the key $36.00 psychological level at the time of writing.
New
2025.06.30 23:26Fed's Bostic: Fed has time to wait and see
Atlanta Fed President Raphael Bostic acknowledged the persistent uncertainty around tariffs and their inflationary impact, highlighting at the same time the Federal Reserve's ability to remain patient given the strength of the labour market.
New
2025.06.30 23:24US Treasury Secretary Bessent: Inflation is "very tame"
The US Treasury Secretary Scott Bessent said in a Bloomberg TV interview that the economy could see lower rates in the current context of tame inflation.
New
2025.06.30 23:11GBP/USD eases from multi-year highs as market digests mixed UK macro data
The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.
New
2025.06.30 23:04Germany annual CPI inflation edges lower to 2% in June
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis' flash estimate showed on Monday.
New
2025.06.30 21:46Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
