"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •134 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 952.90 | +8.90 | +0.94% |
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WTI Crude •10 mins | 67.81 | -0.89 | -1.30% |
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Gasoline •10 mins | 1.959 | -0.023 | -1.16% |
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Ethanol •134 days | 2.161 | +0.000 | +0.00% |
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Silver •134 days | 30.82 | +1.16 | +3.92% |
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Silver • 134 days | 30.82 | +1.16 | +3.92% | |
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Copper • 134 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 71.63 | -0.93 | -1.28% | |
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Natural Gas • 10 mins | 2.715 | -0.070 | -2.51% | |
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Heating Oil • 10 mins | 2.180 | -0.032 | -1.44% |
An economic slowdown in many…
Wells Fargo has done it…
The Economic Community of West…
EUR/USD is still moving within its rising wedge (a bearish technical pattern). A break of the support at 1.2431 (22/08/2012 low) is needed to suggest the end of the rise that started at 1.2043.
Given the lack of base formation, the recent strength in EUR is seen as a rebound within an underlying downtrend. We would therefore look at signs of weakness coupled with overbought conditions to initiate a new short EUR position.
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