Commodity Prices

Gold •715 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,664.00	-43.30	-2.54%
WTI Crude •11 mins	76.57	+0.72	+0.95%
Gasoline •11 mins	2.996	+0.001	+0.05%
Ethanol •715 days	2.161	+0.000	+0.00%
Silver •715 days	30.82	+1.16	+3.92%

Silver • 715 days	30.82	+1.16	+3.92%
Copper • 715 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	80.55	+0.70	+0.88%
Natural Gas • 11 mins	3.212	-0.021	-0.65%
Heating Oil • 11 mins	3.188	+0.061	+1.95%

Headlines

1,100 days Will The ECB Continue To Hike Rates?
1,100 days Forbes: Aramco Remains Largest Company In The Middle East
1,102 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,502 days Could Crypto Overtake Traditional Investment?
1,507 days Americans Still Quitting Jobs At Record Pace
1,509 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,512 days Is The Dollar Too Strong?
1,512 days Big Tech Disappoints Investors on Earnings Calls
1,513 days Fear And Celebration On Twitter as Musk Takes The Reins
1,515 days China Is Quietly Trying To Distance Itself From Russia
1,515 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,519 days Crypto Investors Won Big In 2021
1,519 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,520 days Food Prices Are Skyrocketing As Putin’s War Persists
1,522 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,523 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,526 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,527 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,527 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,529 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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

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