Commodity Prices

Gold •308 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	987.90	+4.70	+0.48%
WTI Crude •10 mins	59.64	+1.57	+2.70%
Gasoline •10 mins	2.066	+0.038	+1.88%
Ethanol •308 days	2.161	+0.000	+0.00%
Silver •308 days	30.82	+1.16	+3.92%

Silver • 308 days	30.82	+1.16	+3.92%
Copper • 308 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	62.53	+1.41	+2.31%
Natural Gas • 10 mins	3.667	+0.046	+1.27%
Heating Oil • 10 mins	2.017	+0.040	+2.04%

Headlines

693 days Will The ECB Continue To Hike Rates?
693 days Forbes: Aramco Remains Largest Company In The Middle East
695 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,095 days Could Crypto Overtake Traditional Investment?
1,100 days Americans Still Quitting Jobs At Record Pace
1,102 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,105 days Is The Dollar Too Strong?
1,105 days Big Tech Disappoints Investors on Earnings Calls
1,106 days Fear And Celebration On Twitter as Musk Takes The Reins
1,108 days China Is Quietly Trying To Distance Itself From Russia
1,108 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,112 days Crypto Investors Won Big In 2021
1,112 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,113 days Food Prices Are Skyrocketing As Putin’s War Persists
1,115 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,116 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,119 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,120 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,120 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,122 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…

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

EUR/USD: Grinding Higher

By - Nov 29, 2013, 5:25 AM CST

EUR/USD's rise is still viewed as a short-term rebound and is now close to the resistance area defined by the 61.8% retracement at 1.3627 and 1.3651 (21/10/2013 low). An initial support lies at 1.3558 (27/11/2013 low). Other supports are at 1.3490 (25/11/2013 low, see also the rising trendline) and 1.3400 (21/11/2013 low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) suggests that a significant top at 1.3832 has been made and favours the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.

Daily Technical Report