Commodity Prices

Gold •10 mins	2,346.80	+8.40	+0.36%
Platinum •10 mins	916.60	+0.80	+0.09%
WTI Crude •10 mins	82.36	-0.45	-0.54%
Gasoline •10 mins	2.717	-0.018	-0.65%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.41	+0.06	+0.22%

Silver • 10 mins	27.41	+0.06	+0.22%
Copper • 10 mins	4.547	+0.061	+1.35%
Brent Crude • 10 mins	87.66	-0.36	-0.41%
Natural Gas • 10 mins	1.626	-0.027	-1.63%
Heating Oil • 10 mins	2.531	-0.019	-0.76%

Headlines

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

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

EUR/JPY: Bouncing Sharply

By - Nov 13, 2013, 5:42 AM CST

EUR/JPY has bounced sharply after the successful test of the key support at 131.15. The resistance at 133.73 (06/11/2013 high) has been breached. Hourly supports can be found at 132.91 (12/11/2013 low) and 132.21 (11/11/2013 low). An initial resistance lies at 134.01 (12/11/2013 high).

In the longer term, we favour a further rise towards the strong resistance at 139.22 (05/06/2009 high) as long as the support at 131.15 (08/10/2013 low) holds. However, a sustainable move above this resistance is unlikely given the overall increasing overbought conditions.

Daily Technical Report