Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,373.10	+11.40	+0.84%
WTI Crude •11 mins	63.95	-0.65	-1.01%
Gasoline •1 hour	2.248	+0.049	+2.21%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	68.12	-0.50	-0.73%
Natural Gas • 11 mins	3.012	+0.068	+2.31%
Heating Oil • 1 hour	2.272	-0.038	-1.63%

Headlines

806 days Will The ECB Continue To Hike Rates?
806 days Forbes: Aramco Remains Largest Company In The Middle East
808 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,208 days Could Crypto Overtake Traditional Investment?
1,213 days Americans Still Quitting Jobs At Record Pace
1,215 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,218 days Is The Dollar Too Strong?
1,218 days Big Tech Disappoints Investors on Earnings Calls
1,219 days Fear And Celebration On Twitter as Musk Takes The Reins
1,221 days China Is Quietly Trying To Distance Itself From Russia
1,221 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,225 days Crypto Investors Won Big In 2021
1,225 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,226 days Food Prices Are Skyrocketing As Putin’s War Persists
1,228 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,229 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,232 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,233 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,233 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,235 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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

EUR/USD: Retest of the Broken Resistance at 1.2971

By - Oct 08, 2012, 6:40 AM CDT

EUR/USD is testing the support implied by the broken resistance at 1.2971. The recent shortterm base formation (see also bearish head and shoulders in USD/CHF) favours further shortterm strength. Monitor the hourly support at 1.2968 (02/10/2012 high).

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), the rise that started in July 2012 is likely not over yet.

Daily Technical Report