Commodity Prices

Gold •560 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,383.00	-2.80	-0.12%
WTI Crude •11 mins	59.07	-2.95	-4.76%
Gasoline •11 mins	1.777	-0.053	-2.92%
Ethanol •560 days	2.161	+0.000	+0.00%
Silver •560 days	30.82	+1.16	+3.92%

Silver • 560 days	30.82	+1.16	+3.92%
Copper • 560 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.50	-3.02	-4.54%
Natural Gas • 11 mins	3.054	-0.066	-2.12%
Heating Oil • 11 mins	2.207	-0.075	-3.28%

Headlines

945 days Will The ECB Continue To Hike Rates?
945 days Forbes: Aramco Remains Largest Company In The Middle East
947 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,347 days Could Crypto Overtake Traditional Investment?
1,352 days Americans Still Quitting Jobs At Record Pace
1,354 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,357 days Is The Dollar Too Strong?
1,357 days Big Tech Disappoints Investors on Earnings Calls
1,358 days Fear And Celebration On Twitter as Musk Takes The Reins
1,360 days China Is Quietly Trying To Distance Itself From Russia
1,360 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,364 days Crypto Investors Won Big In 2021
1,364 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,365 days Food Prices Are Skyrocketing As Putin’s War Persists
1,367 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,368 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,371 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,372 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,372 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,374 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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

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