Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,359.40	-2.30	-0.17%
WTI Crude •10 mins	64.34	-0.26	-0.40%
Gasoline •8 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	68.34	-0.28	-0.41%
Natural Gas • 10 mins	2.977	+0.033	+1.12%
Heating Oil • 8 hours	2.310	+0.015	+0.63%

Headlines

806 days Will The ECB Continue To Hike Rates?
806 days Forbes: Aramco Remains Largest Company In The Middle East
808 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,208 days Could Crypto Overtake Traditional Investment?
1,212 days Americans Still Quitting Jobs At Record Pace
1,214 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,217 days Is The Dollar Too Strong?
1,218 days Big Tech Disappoints Investors on Earnings Calls
1,219 days Fear And Celebration On Twitter as Musk Takes The Reins
1,220 days China Is Quietly Trying To Distance Itself From Russia
1,221 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,225 days Crypto Investors Won Big In 2021
1,225 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,226 days Food Prices Are Skyrocketing As Putin’s War Persists
1,228 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,228 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,232 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,232 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,232 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,235 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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