Commodity Prices

Gold •676 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,048.40	-10.90	-0.53%
WTI Crude •10 mins	97.97	+2.55	+2.67%
Gasoline •11 mins	3.594	+0.067	+1.89%
Ethanol •676 days	2.161	+0.000	+0.00%
Silver •676 days	30.82	+1.16	+3.92%

Silver • 676 days	30.82	+1.16	+3.92%
Copper • 676 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	104.10	+2.81	+2.77%
Natural Gas • 11 mins	2.787	+0.030	+1.09%
Heating Oil • 10 mins	3.999	+0.099	+2.55%

Headlines

1,060 days Will The ECB Continue To Hike Rates?
1,061 days Forbes: Aramco Remains Largest Company In The Middle East
1,062 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,462 days Could Crypto Overtake Traditional Investment?
1,467 days Americans Still Quitting Jobs At Record Pace
1,469 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,472 days Is The Dollar Too Strong?
1,472 days Big Tech Disappoints Investors on Earnings Calls
1,473 days Fear And Celebration On Twitter as Musk Takes The Reins
1,475 days China Is Quietly Trying To Distance Itself From Russia
1,475 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,479 days Crypto Investors Won Big In 2021
1,479 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,480 days Food Prices Are Skyrocketing As Putin’s War Persists
1,482 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,483 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,486 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,487 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,487 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,489 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Recent Low Has Thus Far Held

By - Nov 07, 2013, 5:35 AM CST

EUR/USD has thus far successfully tested the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement). An hourly resistance can be found at 1.3590 (01/11/2013 high). Another resistance stands at 1.3651 (previous support).

Today's ECB meeting should lead to increased intraday volatility.

In the longer term, the sharp decline below the support at 1.3651 from deep overbought conditions suggests that a significant top has likely been made at 1.3832 (25/10/2013 high). A decisive break of the strong support at 1.3462 (see also the rising channel) would confirm the start of a new phase of weakness. Another key support lies at 1.3105 (06/09/2013 low).

Daily Technical Report