Copper breakout targets 10,160 on renewed uptrend – Société Générale

LME Copper has regained strong upward momentum after clearing the 50-day moving average, setting the stage for a potential move toward multi-month highs, Société Générale's FX analysts note, Société Générale's FX analysts note.

LME Copper eyes higher peaks

"LME Copper established itself above the 50-DMA recently and broke out from a base. This has resulted in a steady up move. Daily MACD remains anchored within positive territory highlighting prevalence of upward momentum."

"LME Copper is likely to inch higher gradually towards projections of 9940/9975 and perhaps even towards the graphical level of 10160 representing the peaks of September 2024 and March 2025. If a short-term pullback develops, the 50-DMA near 9560 may provide support."

Jun 30, 2025

USD: Is this week big and beautiful? – ING

The first half of July could prove pivotal for the FX market, with three events in focus: the Senate vote on the "One Big Beautiful Bill Act" (OBBBA), which US President Donald Trump wants passed by 4 July, Thursday’s US jobs data, and the expiration of the reciprocal tariff pause on 9 July.

AUD/USD: Trading flat for now – UOB Group

There has been no increase in either downward or upward momentum; Australian Dollar (AUD) is expected to trade in a sideways range of 0.6505/0.6555 against US Dollar (USD). In the longer run, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.