Commodity Prices

Gold •385 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,435.80	-18.00	-1.24%
WTI Crude •10 mins	66.00	+0.75	+1.15%
Gasoline •12 mins	2.123	+0.001	+0.06%
Ethanol •385 days	2.161	+0.000	+0.00%
Silver •385 days	30.82	+1.16	+3.92%

Silver • 385 days	30.82	+1.16	+3.92%
Copper • 385 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.20	+0.69	+1.01%
Natural Gas • 11 mins	3.098	+0.021	+0.68%
Heating Oil • 11 mins	2.442	-0.007	-0.27%

Headlines

770 days Will The ECB Continue To Hike Rates?
770 days Forbes: Aramco Remains Largest Company In The Middle East
772 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,172 days Could Crypto Overtake Traditional Investment?
1,176 days Americans Still Quitting Jobs At Record Pace
1,178 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,181 days Is The Dollar Too Strong?
1,182 days Big Tech Disappoints Investors on Earnings Calls
1,183 days Fear And Celebration On Twitter as Musk Takes The Reins
1,184 days China Is Quietly Trying To Distance Itself From Russia
1,185 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,189 days Crypto Investors Won Big In 2021
1,189 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,190 days Food Prices Are Skyrocketing As Putin’s War Persists
1,192 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,192 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,196 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,196 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,197 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,199 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: 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