The Canadian Dollar (CAD) found a strong surge of bidding momentum on Monday, kicking off the new trading week with strong bullish pressure.
The Dow Jones Industrial Average (DJIA) stuck close to its opening bids on Monday, testing the waters near 45,860 as investors shuffle their feet ahead of the latest Federal Reserve (Fed) interest rate call slated for Wednesday.
The latest positioning data from the CFTC shows that speculators increased their longs of COMEX Copper by 3,320 lots for a fifth consecutive week to 37,971 lots as of 9 September, the highest since 1 October 2024, ING's commodity experts Ewa Manthey and Warren Patterson note.