Commodity Prices

Gold •583 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,099.40	+28.80	+1.39%
WTI Crude •10 hours	63.55	+0.26	+0.41%
Gasoline •10 hours	1.953	+0.027	+1.38%
Ethanol •583 days	2.161	+0.000	+0.00%
Silver •583 days	30.82	+1.16	+3.92%

Silver • 583 days	30.82	+1.16	+3.92%
Copper • 583 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	68.05	+0.50	+0.74%
Natural Gas • 10 hours	3.422	-0.087	-2.48%
Heating Oil • 10 hours	2.413	+0.020	+0.84%

Headlines

968 days Will The ECB Continue To Hike Rates?
968 days Forbes: Aramco Remains Largest Company In The Middle East
970 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,370 days Could Crypto Overtake Traditional Investment?
1,374 days Americans Still Quitting Jobs At Record Pace
1,376 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,379 days Is The Dollar Too Strong?
1,380 days Big Tech Disappoints Investors on Earnings Calls
1,381 days Fear And Celebration On Twitter as Musk Takes The Reins
1,382 days China Is Quietly Trying To Distance Itself From Russia
1,383 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,387 days Crypto Investors Won Big In 2021
1,387 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,388 days Food Prices Are Skyrocketing As Putin’s War Persists
1,390 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,390 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,394 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,394 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,395 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,397 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Daily Technical Report

By - Nov 23, 2011, 6:00 AM CST

AUD/USD:Exited Short position. All 3 objectives met. AUD/USD is extending its decline, having recently broken through the 1.0000 psychological level.

The sustained move below 1.0000 is now compounding downside pressure on the rate's multi-year uptrend and push back towards 0.9611.

Elsewhere, the Aussie dollar remains strong against the New Zealand dollar. The pair is now is within a temporary positive cycle structure while it holds above its 200-day MA.

The Aussie dollar has reversed gains against the Japanese yen and is now trading back below the long-term 200-day MA which is currently at 82.80. Watch for further downside scope into 72.00 which would signal further unwinding of risk appetite.

Daily Technical Report