Commodity Prices

Gold •170 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	936.40	+12.90	+1.40%
WTI Crude •13 hours	69.46	+0.08	+0.12%
Gasoline •13 hours	1.942	+0.019	+0.98%
Ethanol •170 days	2.161	+0.000	+0.00%
Silver •170 days	30.82	+1.16	+3.92%

Silver • 170 days	30.82	+1.16	+3.92%
Copper • 170 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	72.94	+0.06	+0.08%
Natural Gas • 13 hours	3.748	+0.164	+4.58%
Heating Oil • 13 hours	2.232	-0.006	-0.27%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

GBP/USD: Short-Term Consolidation is Underway

By - Jul 15, 2013, 5:18 AM CDT

GBP/USD is weakening after its surge higher near the support at 1.4832. A resistance lies at 1.5222 (11/07/2013 high), while a key resistance is at 1.5305. Hourly support can be found at 1.5062 (intraday low, see also the 38.2% retracement of the current bounce) and 1.4981 (previous resistance).

In the longer-term, the break of the horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high) calls for a further medium-term decline. The recent sharp bounce does not change this scenario. A key resistance is at 1.5305.

Daily Technical Report