Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,706.70	+41.00	+2.46%
WTI Crude •11 mins	85.35	-2.36	-2.69%
Gasoline •11 mins	3.045	-0.056	-1.81%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.20	-2.18	-2.41%
Natural Gas • 11 mins	3.102	+0.015	+0.49%
Heating Oil • 11 mins	3.404	-0.110	-3.12%

Headlines

1,093 days Will The ECB Continue To Hike Rates?
1,093 days Forbes: Aramco Remains Largest Company In The Middle East
1,095 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,495 days Could Crypto Overtake Traditional Investment?
1,500 days Americans Still Quitting Jobs At Record Pace
1,502 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,505 days Is The Dollar Too Strong?
1,505 days Big Tech Disappoints Investors on Earnings Calls
1,506 days Fear And Celebration On Twitter as Musk Takes The Reins
1,508 days China Is Quietly Trying To Distance Itself From Russia
1,508 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,512 days Crypto Investors Won Big In 2021
1,512 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,513 days Food Prices Are Skyrocketing As Putin’s War Persists
1,515 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,516 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,519 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,520 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,520 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,522 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…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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