Commodity Prices

Gold •461 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,681.80	+55.20	+3.39%
WTI Crude •11 mins	62.72	+0.99	+1.60%
Gasoline •11 mins	1.911	+0.017	+0.91%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •461 days	30.82	+1.16	+3.92%

Silver • 461 days	30.82	+1.16	+3.92%
Copper • 461 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.35	+0.90	+1.38%
Natural Gas • 11 mins	3.324	-0.174	-4.97%
Heating Oil • 11 mins	2.292	+0.027	+1.19%

Headlines

846 days Will The ECB Continue To Hike Rates?
846 days Forbes: Aramco Remains Largest Company In The Middle East
848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,248 days Could Crypto Overtake Traditional Investment?
1,253 days Americans Still Quitting Jobs At Record Pace
1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,258 days Is The Dollar Too Strong?
1,258 days Big Tech Disappoints Investors on Earnings Calls
1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
1,261 days China Is Quietly Trying To Distance Itself From Russia
1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,265 days Crypto Investors Won Big In 2021
1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,275 days Are NFTs About To Take Over Gaming?

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…

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

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