Copper settled -0.09% down at 433.80 fell as the dollar firmed after a surprise drop in the US jobless rate, while traders eyed data from top consumer China later this week for clues on demand. The US unemployment rate unexpectedly dropped to 7.8% in Sept since President Obama took office, providing a boost to his re-election bid. The promising jobs data led to some concerns stimulus measures put in place in economy may not last as long as initially thought. Persistently poor labor market conditions led the Fed Reserve in Sept to announce a plan to buy $40 billion worth of mortgage-backed securities each month until it sees a sustained turnaround in employment. A disappointing rebound in US housing continues to trip up the country's overall economic recovery, two influential Fed Reserve officials said on Friday, highlighting a corner of the economy that still frustrates monetary policymakers. German Chancellor will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it would run out of money at the end of Nov without fresh international aid. The ECB envisions buying large volumes of sovereign bonds for a period of one to two months once its "OMT" programme is launched, but would then suspend purchases during an assessment period. For today's session market is looking to take support at 433.4, a break below could see a test of 433 and where as resistance is now likely to be seen at 434.1, a move above could see prices testing 434.4.

Trading Ideas:

Copper trading range for the day is 433-434.4.

Copper prices dropped as weak economic data from top consumer China outweighed an upbeat reading on the U. S.

Feared signs of an improving economy would push central banks to interrupt their stimulus programs.

Weakening Chinese service-sector growth adds to copper-demand worry