Commodity Prices

Gold •293 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.80	+13.60	+1.41%
WTI Crude •10 mins	63.57	-0.10	-0.16%
Gasoline •10 mins	2.103	+0.003	+0.15%
Ethanol •293 days	2.161	+0.000	+0.00%
Silver •293 days	30.82	+1.16	+3.92%

Silver • 293 days	30.82	+1.16	+3.92%
Copper • 293 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.35	-0.09	-0.13%
Natural Gas • 10 mins	3.001	-0.006	-0.20%
Heating Oil • 10 mins	2.144	-0.005	-0.23%

Headlines

678 days Will The ECB Continue To Hike Rates?
678 days Forbes: Aramco Remains Largest Company In The Middle East
680 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,080 days Could Crypto Overtake Traditional Investment?
1,085 days Americans Still Quitting Jobs At Record Pace
1,087 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,090 days Is The Dollar Too Strong?
1,090 days Big Tech Disappoints Investors on Earnings Calls
1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
1,093 days China Is Quietly Trying To Distance Itself From Russia
1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,097 days Crypto Investors Won Big In 2021
1,097 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
1,100 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,101 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,105 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,105 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,107 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Bouncing After Friday's Unemployment Data

By - Sep 09, 2013, 7:06 AM CDT

EUR/USD bounced Friday after the release of unimpressive unemployment data. However, the recent break of the key support at 1.3190 favours a bearish stance as long as the prices remain below the resistance at 1.3255. Supports stand at 1.3105 (06/09/2013 low, see also 50% retracement) and 1.3067 (18/07/2013 low).

A potential medium-term top has been made at 1.3452. The break of the support at 1.3190 favours a medium-term bearish stance. However, we would thus far not expect a medium-term downside risk lower than the strong support area between 1.2746 (04/04/2013 low) and 1.2662 (13/11/2012 low).

Daily Technical Report