
Copper Forecast: Pulls Back from Major Moving Average – 04 September 2025
Copper pulled back after testing the 200-day EMA, but improving Chinese data and potential rate cuts suggest bullish momentum could resume toward the $5 level.
Copper pulled back after testing the 200-day EMA, but improving Chinese data and potential rate cuts suggest bullish momentum could resume toward the $5 level.
Bitcoin has been falling firmly for several hours now but is showing initial signs of possibly finding support.
The Euro (EUR) found its footing on Wednesday, regaining traction against the US Dollar (USD) as EUR/USD pushed back toward the 1.1680 area, climbing above its 55-day Simple Moving Average (SMA).
Spot Gold keeps challenging gravity, reaching fresh record highs on Wednesday, and advancing for a seventh consecutive day amid persistent risk aversion.
The Australian Dollar (AUD) clawed back ground against the US Dollar (USD) on Wednesday, with AUD/USD reclaiming levels above the 0.6500 mark after Tuesday’s sharp pullback.
Gold (XAU/USD) surges above $3,530 toward record highs as Fed rate cut expectations, safe-haven demand, and tariff concerns fuel bullish momentum.