European markets are expected to open on a flat note.
Gold was down $6.5 to $1285. The precious metal was below its 20D MA (@ $1300) and below its 50D MA (@ $1318).
Copper Future (JUL 14) on Comex was about flat to 302.5c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 2325 tons to 231000 tons.
Today's Economic Events
US 13:30: APR Unemployment Rate: 6.6%
US 13:30: APR Change in Nonfarm Payrolls (Thsd): 215
US 13:30: APR Change in Manufact. Payrolls (Thsd): 7
US 15:00: MAR Factory Orders: 1.5%