Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Copper erases gains driven by Chinese data

FXStreet (Mumbai) - Copper, on the Comex division of the New York Mercantile Exchange, edged lower during the US sessions, even though the data over the weekend showed Chinese imports climbed during October.

Copper for December delivery is trading 0.19% lower at USD 3.033/pound; down from the high of USD 3.051 hit earlier today. However, the metal has managed to hold above USD 3.00 levels despite falling to a low of USD 3.018.

The metal had gained earlier today after the official data in China released over the weekend showed copper imports climbed 2.6% in October from month ago, beating expectations that it would fall due to the week long holiday early in the month. Customs showed that China, the world's top consumer of copper, shipped in 400,000 tonnes of the metal in October.

Moreover, the import number is bullish for metal prices as it rose above the 300,000 level for the first time since April. However, Copper could not sustain gains as the overall Chinese export import data slowed in October, which reinforced concerns regarding a slowdown in the world’s biggest consumer of metals.

Comex Copper Technical Levels

Copper has an immediate support at 3.018, under which prices can fall to 2.993. On the flip side, the metal may rise to 3.069, if the immediate resistance at 3.051 is breached.

USD/JPY gains ahead? - FXStreet

Valeria Bednarik, FXStreet Chief Analyst suspects that further gains could lie ahead of USD/JPY.
Read more Previous

GBP/USD a key pair to watch this week

GBP/USD is trading at 1.5867, down -0.06% on the day, having posted a daily high at 1.5919 and low at 1.5864.
Read more Next