Category: Forex News, News

What I Am Watching Today – Copper, DAX, EUR/USD, and USD/CAD

By │Published On: November 5, 2026│0.7 min read│Views: 1│0 Comments on What I Am Watching Today – Copper, DAX, EUR/USD, and USD/CAD│

Copper futures trade near $6.38 after falling below $6.50, with the longer-term EMA at $6.23.

The first market that I’m looking at is the copper market, and we can see that we did fall pretty significantly to kick off the session, but we’ve turned around as rates have drifted a little bit lower. We got close to the 200-day EMA, which is an indicator that a lot of people will be watching closely.

At this juncture, if we were to turn around and break above the $6.50 level, I still think that is a potential sign that we are going much higher. Copper is something that is, I think, going to continue to move on the latest demand-and-supply type of questions. Right now, we are starting to see more flow out of Chile than we did previously, so that has put a little bit of negativity into pricing.

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