copper

Good Morning:

The greenback picked up some ground again overnight. An unexpected decline in today’s German business confidence  added to the Euro’s woes.  Speculation mounted that the US economy will rebound faster than the Euro Zones.  Fed officials are downplaying last week’s rise in the discount rate-and are letting the markets know that higher rates are not imminent.

Good Morning:

The USD lost ground overnight as speculation that the FED will keep their stimulus measures in place to act as a  driving force to revive the US economy.

World equity markets rose. Expectations that the global economic recovery is gaining traction has investors looking to continue the world wide equity rally.

Oil, Gold and commodities in general all rose.  Copper is this years metals leader with a 132% increase in 2009.

Oil:$76.35                                  Gold:$1102.20

Good Morning:

The USD rally continued into the overnight session, as investors consider if global economies are strong enough to digest higher interest rates that some central banks are implementing (or contemplating implementing).
The change in USD sentiment was quick after Friday’s job data was much stronger than expected.  We went from a weak dollar to strong dollar in a matter of hours.  We will see if the rally has found legs-or if it will be short lived.
The JPY also rose overnight on interest rate concerns.

Good Morning:

The USD fell over the weekend as signals that the global economic recovery is gaining momentum moved investors away from the USD to higher yielding assets. 

World equity markets are higher, and US Futures are pointing to a higher opening this morning.
Oil traded either side of $80/bar.  Metals were higher, and copper hit a 13 month high.

Oil:$80.24                        Gold:$1054.40  

Have a GREAT DAY & GOOD LUCK

The AUDUSD has moved back higher after testing the 100 hour moving average at the 0.8087 level.  The price of copper - an industrial metal and proxy for other metals which Australia is a supplier - has been rising and stands at the highest level since Octber 2008. This move has helped pull the AUDUSD off the low today. 

The AUDUSD has moved back higher after testing the 100 hour moving average at the 0.8087 level.  The price of copper - an industrial metal and proxy for other metals which Australia is a supplier - has been rising and stands at the highest level since Octber 2008. This move has helped pull the AUDUSD off the low today. 

You know, when an economy does start to recover, it’s not widely known at the time. In fact, the news will still be as full of “gloom and doom” as ever even when it starts.

So you won’t know when the economy is turning by listening to the nightly news. So what can you look to?

Well, here is one widely watched economic barometer that institutional investors have used throughout the years. What is it? Copper

Now you may think, “What in the world does the price of copper tell us about the economy?”