Commodity Prices

Gold •783 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,872.80	+11.30	+0.61%
WTI Crude •11 mins	81.02	-1.34	-1.63%
Gasoline •38 mins	3.219	-0.034	-1.06%
Ethanol •783 days	2.161	+0.000	+0.00%
Silver •783 days	30.82	+1.16	+3.92%

Silver • 783 days	30.82	+1.16	+3.92%
Copper • 783 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	88.58	-3.59	-3.89%
Natural Gas • 13 mins	2.796	+0.026	+0.94%
Heating Oil • 12 mins	4.174	-0.070	-1.64%

Headlines

1,167 days Will The ECB Continue To Hike Rates?
1,168 days Forbes: Aramco Remains Largest Company In The Middle East
1,169 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,569 days Could Crypto Overtake Traditional Investment?
1,574 days Americans Still Quitting Jobs At Record Pace
1,576 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,579 days Is The Dollar Too Strong?
1,579 days Big Tech Disappoints Investors on Earnings Calls
1,580 days Fear And Celebration On Twitter as Musk Takes The Reins
1,582 days China Is Quietly Trying To Distance Itself From Russia
1,582 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,586 days Crypto Investors Won Big In 2021
1,586 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,587 days Food Prices Are Skyrocketing As Putin’s War Persists
1,589 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,590 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,593 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,594 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,594 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,596 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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

EURO Rebounds Above 1.3250

By - Feb 08, 2012, 5:24 AM CST

EUR/USD is holding steady today after yesterdayâ€™s sharp rebound above the key level at 1.3250 (38.2% Fib Oct/Jan Decline).

Further sustained confirmation above 1.3250 unlocks an extended recovery into our target zones at 1.3440/60 and 1.3548 (02nd Dec high). We have opened a buy stop order in anticipation of this scenario.

Meanwhile, the bears need to push back beneath 1.3000 (psychological support), then 1.2879 in order to resume the major downtrend lower.

Inversely, the USD Index is holding steady above key support level around 79.10, ahead of 78.30. The pullback had unwound historic speculative net long positions from the month of January (which tends to be seasonally positive for the US dollar).

Expect these levels to act as two of the last points of defence for a potential re-launch of the greenbackâ€™s recovery which is still part of our bullish cycle strategy for a further 20% gain over the multi-month period.

Daily Technical Report