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Copper Price

Copper is widely used today. It is a kind of nonferrous mineral that is close to silver and gold. The use of copper is not really new. Our ancestors have used it to serve many purposes. There are archaeological evidences that show that copper had been used as utensils, weapons, and even in jewelries. This metal is highly conductive. That is why almost all electronic gadgets use copper in its man-made form-copper wires. This is also the same reason why people should care more about the copper price.

24 hour Copper $US Dollar price per pound

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Causes of copper price change: Undetermined

Like the price of all materials used to produce new products, copper price is not permanent. The conditions in the copper market dictate copper price. Because there are many reasons that underlie the change in copper price on the stock market, analysts can't seem to find the ultimate conclusion to such changes in the copper price.

Copper price change: Some speculations

First, there is the inevitable law of supply and demand. This law also contributes to the change in copper price. How? Copper seems to be always in demand nowadays. The growing market for it affects the copper price. Any big change in the supply and demand for copper can lead to a dramatic change in copper price.

Second, the production of copper affects copper price. As we all know, copper is obtained through mining. There is no assurance that mining conditions would always be smooth. Miners can launch strikes that could last for days. This might hinder an on-going mining operation and cause a rise in copper price.

Third, disasters and oil prices are also factors affecting the copper price. Bad weather conditions and disasters can slow down copper mining operations. Oil prices, on the other hand, have a direct effect to the copper price. This is because oil is used by transportation vehicles used to move copper from one place to another. High oil prices require extra capital; extra capital entails a higher copper price.

Fourth, copper theft is a factor in the rise of copper price. Metal thieves keep an eye on copper. This metal could be valuable to them because scrap yards buy these metals for a high price. Metal thieves burn copper wires in order to eliminate the cover which contains the name of the company that owns those copper wires. Copper theft affects the copper price because it contributes to the growth in the supply and demand for copper.

USD Range Expansion Levels at 113.10 and 115.00

Fri, 31 Oct 2014 17:50:00 GMT

USDJPY 115.00 (prior range added to the breakout) sticks out as an obvious objective. 113.10 is a possible pausing point (61.8% of prior range added to breakout level) though.

USD/ZAR Finds Support with an Upside Target

Fri, 31 Oct 2014 16:28:00 GMT

Opposing economic outlooks leaves the USDZAR finding support with an upside target after a period of correction. Weakened economic growth in South Africa is contrasted by renewed confidence in the dollar on a more hawkish FOMC statement.

The Weekly Volume Report: USD Surges, Volume Begins to Come Back

Fri, 31 Oct 2014 15:00:00 GMT

Instruments covered this week: EUR/USD, USD/JPY & USD/CHF

GBPNZD Resistance Update

Fri, 31 Oct 2014 14:42:00 GMT

The GBPNZD is reaching resistance after a morning reversal in a 105 pip trading range. Learn today's reversal values with the Chart of the Day!

Where USD/JPY Might Stall

Fri, 31 Oct 2014 12:30:00 GMT

Key long term-retracements loom overhead...