Commodity Prices

Gold •10 mins	2,391.60	+8.60	+0.36%
Platinum •10 mins	978.40	-2.60	-0.27%
WTI Crude •10 mins	84.87	-0.54	-0.63%
Gasoline •10 mins	2.783	-0.001	-0.04%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.44	-0.28	-0.96%

Silver • 10 mins	28.44	-0.28	-0.96%
Copper • 10 mins	4.288	-0.092	-2.09%
Brent Crude • 10 mins	89.60	-0.50	-0.55%
Natural Gas • 10 mins	1.717	+0.026	+1.54%
Heating Oil • 10 mins	2.640	-0.014	-0.54%

Headlines

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

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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

GBP/USD Support Breached

By - Mar 13, 2012, 6:26 AM CDT

GBP/USD extended the pullback from 1.5834 to breach the 1.5645 support level but early signs of basing are noted.

While 1.5834 caps we cannot rule out another downside probe, with settlement below 1.5645 to risk a return towards 1.5500 in a deeper correction of the 1.5235 advance.

In the meantime, re-capture of 1.5834 would suggest that an important reaction low has formed, signalling a revival of the 1.5235 move through 1.5993 for the 1.6167 reaction high initially.

Daily Technical Report