Commodity Prices

Gold •688 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,939.70	-25.10	-1.28%
WTI Crude •7 hours	96.60	+0.25	+0.26%
Gasoline •7 hours	3.454	+0.074	+2.20%
Ethanol •688 days	2.161	+0.000	+0.00%
Silver •688 days	30.82	+1.16	+3.92%

Silver • 688 days	30.82	+1.16	+3.92%
Copper • 688 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	103.54	+0.96	+0.94%
Natural Gas • 7 hours	2.907	-0.111	-3.68%
Heating Oil • 7 hours	3.888	+0.056	+1.47%

Headlines

1,073 days Will The ECB Continue To Hike Rates?
1,073 days Forbes: Aramco Remains Largest Company In The Middle East
1,075 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,474 days Could Crypto Overtake Traditional Investment?
1,479 days Americans Still Quitting Jobs At Record Pace
1,481 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,484 days Is The Dollar Too Strong?
1,484 days Big Tech Disappoints Investors on Earnings Calls
1,485 days Fear And Celebration On Twitter as Musk Takes The Reins
1,487 days China Is Quietly Trying To Distance Itself From Russia
1,487 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,491 days Crypto Investors Won Big In 2021
1,492 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,492 days Food Prices Are Skyrocketing As Putin’s War Persists
1,495 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,495 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,498 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,499 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,499 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,501 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Jan 04, 2012, 6:07 AM CST

EUR/USD has registered a lower high at 1.3199 and is currently recovering after probing under 1.2946.

Our cycle analysis successfully signaled increased volatility within the first two weeks of December across "risk" proxies, including the equity and commodity markets.

We have also seen a re-test of the major low in 2011 at 1.2860, reaching 1.2858 thus far.

Inversely, the USD Index has extended its recovery higher to 80.85 so far (a move worth over 10% from the summer 2010 lows).

Speculative (net long) liquidity flows are strengthening once again and will continue to help resume the USDâ€™s major bull-run from its historic oversold extremes (momentum, sentiment and liquidity).

Daily Technical Report