Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	992.80	-2.40	-0.24%
WTI Crude •10 mins	69.99	-1.72	-2.40%
Gasoline •14 mins	2.253	-0.078	-3.33%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.24	-1.71	-2.28%
Natural Gas • 11 mins	4.000	-0.055	-1.36%
Heating Oil • 12 mins	2.254	-0.068	-2.94%

Headlines

658 days Will The ECB Continue To Hike Rates?
658 days Forbes: Aramco Remains Largest Company In The Middle East
660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,059 days Could Crypto Overtake Traditional Investment?
1,064 days Americans Still Quitting Jobs At Record Pace
1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,069 days Is The Dollar Too Strong?
1,070 days Big Tech Disappoints Investors on Earnings Calls
1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
1,072 days China Is Quietly Trying To Distance Itself From Russia
1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,076 days Crypto Investors Won Big In 2021
1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,086 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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