Commodity Prices

Gold •848 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,489.60	-49.20	-3.20%
WTI Crude •11 mins	102.76	-0.02	-0.02%
Gasoline •14 mins	3.184	+0.011	+0.35%
Ethanol •848 days	2.161	+0.000	+0.00%
Silver •848 days	30.82	+1.16	+3.92%

Silver • 848 days	30.82	+1.16	+3.92%
Copper • 848 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	115.66	+0.34	+0.29%
Natural Gas • 11 mins	2.922	-0.110	-3.63%
Heating Oil • 11 mins	4.724	-0.091	-1.89%

Headlines

1,232 days Will The ECB Continue To Hike Rates?
1,233 days Forbes: Aramco Remains Largest Company In The Middle East
1,234 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,634 days Could Crypto Overtake Traditional Investment?
1,639 days Americans Still Quitting Jobs At Record Pace
1,641 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,644 days Is The Dollar Too Strong?
1,644 days Big Tech Disappoints Investors on Earnings Calls
1,645 days Fear And Celebration On Twitter as Musk Takes The Reins
1,647 days China Is Quietly Trying To Distance Itself From Russia
1,647 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,651 days Crypto Investors Won Big In 2021
1,651 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,652 days Food Prices Are Skyrocketing As Putin’s War Persists
1,654 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,655 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,658 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,659 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,659 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,661 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: Surge in Selling Pressure Last Friday

By - Jan 27, 2014, 5:03 AM CST

GBP/USD declined sharply last Friday, negating the positive implications of the recent new highs. Supports stand at 1.6451 (22/01/2014 low) and 1.6396 (20/01/2014 low). A resistance now lies at 1.6668 (24/01/2014 high).

The break of the major resistance area between 1.6381 and 1.6466 favours a further long-term rise towards the major resistance at 1.7043 (05/08/2009 high). Given the overall overbought conditions, a break of this level is unlikely in the next weeks. A key support stands at 1.6305 (25/12/2014 low).

Daily Technical Report