Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,370.60	+18.70	+1.38%
WTI Crude •10 mins	65.21	-0.31	-0.47%
Gasoline •2 days	2.069	-0.008	-0.40%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.64	-0.13	-0.19%
Natural Gas • 10 mins	3.667	-0.072	-1.93%
Heating Oil • 2 days	2.241	-0.049	-2.14%

Headlines

746 days Will The ECB Continue To Hike Rates?
746 days Forbes: Aramco Remains Largest Company In The Middle East
748 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,147 days Could Crypto Overtake Traditional Investment?
1,152 days Americans Still Quitting Jobs At Record Pace
1,154 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,157 days Is The Dollar Too Strong?
1,157 days Big Tech Disappoints Investors on Earnings Calls
1,158 days Fear And Celebration On Twitter as Musk Takes The Reins
1,160 days China Is Quietly Trying To Distance Itself From Russia
1,160 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,164 days Crypto Investors Won Big In 2021
1,165 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,165 days Food Prices Are Skyrocketing As Putin’s War Persists
1,168 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,168 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,171 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,172 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,172 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,174 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 Corrective Activity From Ahead of the YTD Low

By - Jun 05, 2012, 6:17 AM CDT

GBP/USD is seeing some corrective activity from just ahead of the 1.5235 YTD low as the recent accelerated decline starts to unwind.

The velocity of the decline suggests that we could see a period of corrective activity to unwind the oversold state although the structure remains negative with 1.5500/1.5603 expected to cap for an atttack on 1.5235, loss to open psychological 1.5000 as the slide extends.

We would need to see the re-capture of 1.5848 from here to suggest that an important low has formed, with scope then for an attack on 1.6000 initially as bulls gain control.

Daily Technical Report