Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,987.00	+43.30	+2.23%
WTI Crude •10 mins	93.86	-1.69	-1.77%
Gasoline •12 mins	3.136	+0.009	+0.28%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	107.70	-0.95	-0.87%
Natural Gas • 12 mins	3.116	-0.050	-1.58%
Heating Oil • 12 mins	4.380	+0.038	+0.87%

Headlines

1,009 days Will The ECB Continue To Hike Rates?
1,009 days Forbes: Aramco Remains Largest Company In The Middle East
1,011 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,411 days Could Crypto Overtake Traditional Investment?
1,415 days Americans Still Quitting Jobs At Record Pace
1,417 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,420 days Is The Dollar Too Strong?
1,421 days Big Tech Disappoints Investors on Earnings Calls
1,422 days Fear And Celebration On Twitter as Musk Takes The Reins
1,423 days China Is Quietly Trying To Distance Itself From Russia
1,424 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,428 days Crypto Investors Won Big In 2021
1,428 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,429 days Food Prices Are Skyrocketing As Putin’s War Persists
1,431 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,431 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,435 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,435 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,436 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,438 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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: Weakening

By - Jan 16, 2013, 6:58 AM CST

EUR/USD is correcting its rise from the low at 1.2998. We see that weakness as a short-term event and then expect further strength towards the resistance at 1.3487 (24/02/2012 high). Monitor the hourly support at 1.3249 (11/01/2013 low, see also 38.2% retracement). An hourly resistance is at 1.3319 (intraday high).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. Strong resistances can be found at 1.3487 and 1.4247 (27/10/2011 high).

Daily Technical Report