Commodity Prices

Gold •820 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,727.70	+8.80	+0.51%
WTI Crude •11 mins	93.14	+2.72	+3.01%
Gasoline •11 mins	3.409	+0.148	+4.54%
Ethanol •820 days	2.161	+0.000	+0.00%
Silver •820 days	30.82	+1.16	+3.92%

Silver • 820 days	30.82	+1.16	+3.92%
Copper • 820 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	102.49	+4.46	+4.55%
Natural Gas • 11 mins	2.952	-0.074	-2.45%
Heating Oil • 11 mins	4.636	-0.052	-1.11%

Headlines

1,204 days Will The ECB Continue To Hike Rates?
1,204 days Forbes: Aramco Remains Largest Company In The Middle East
1,206 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,606 days Could Crypto Overtake Traditional Investment?
1,611 days Americans Still Quitting Jobs At Record Pace
1,613 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,616 days Is The Dollar Too Strong?
1,616 days Big Tech Disappoints Investors on Earnings Calls
1,617 days Fear And Celebration On Twitter as Musk Takes The Reins
1,619 days China Is Quietly Trying To Distance Itself From Russia
1,619 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,623 days Crypto Investors Won Big In 2021
1,623 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,624 days Food Prices Are Skyrocketing As Putin’s War Persists
1,626 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,627 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,630 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,631 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,631 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,633 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Weak Rebound Thus Far

By - Mar 06, 2013, 5:21 AM CST

EUR/USD has thus far successfully tested its key support at 1.2998 (04/01/2013 low) on a daily close basis. However, it remains under the negative influence of its declining trendline. Hourly resistances can be found at 1.3101 (01/03/2013 high) and 1.3162 (28/02/2013 high). Monitor the support implied by the recent low at 1.2967 (01/03/2013low).

In the bigger multi-week time frame we note that the higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3487 (24/02/2012 high) indicates an improvement in the underlying trend. However, a decisive break of the support at 1.2998 (04/01/2013 low) would open the way for a medium-term decline toward the strong support at 1.2662 (13/11/2012 low).

Daily Technical Report