Commodity Prices

Gold •633 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,887.10	+29.80	+1.60%
WTI Crude •1 day	99.64	+5.16	+5.46%
Gasoline •1 day	3.250	+0.120	+3.83%
Ethanol •633 days	2.161	+0.000	+0.00%
Silver •633 days	30.82	+1.16	+3.92%

Silver • 633 days	30.82	+1.16	+3.92%
Copper • 633 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	112.57	+4.56	+4.22%
Natural Gas • 1 day	3.095	+0.096	+3.20%
Heating Oil • 1 day	4.496	+0.222	+5.20%

Headlines

1,018 days Will The ECB Continue To Hike Rates?
1,018 days Forbes: Aramco Remains Largest Company In The Middle East
1,020 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,420 days Could Crypto Overtake Traditional Investment?
1,425 days Americans Still Quitting Jobs At Record Pace
1,427 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,430 days Is The Dollar Too Strong?
1,430 days Big Tech Disappoints Investors on Earnings Calls
1,431 days Fear And Celebration On Twitter as Musk Takes The Reins
1,433 days China Is Quietly Trying To Distance Itself From Russia
1,433 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,437 days Crypto Investors Won Big In 2021
1,437 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,438 days Food Prices Are Skyrocketing As Putin’s War Persists
1,440 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,441 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,444 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,445 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,445 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,447 days Are NFTs About To Take Over Gaming?

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…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Unimpressive Bounce Thus Far

By - Aug 01, 2014, 6:00 AM CDT

EUR/USD is in an underlying downtrend. However, the last two days have displayed large lower shadows, indicating potential short-term exhaustion in selling pressures near the hourly support at 1.3367. A break of the initial resistance at 1.3415 is needed to suggest a pickup in buying interest. Hourly resistances can be found at 1.3444 (28/07/2014 high) and 1.3485 (24/07/2014 high).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The downside risk implied by the double-top formation (1.3379) has been met. However, another downside risk is given by 1.3210 (second leg lower after the rebound from 1.3503 to 1.3700). A strong support stands at 1.3296 (07/11/2013 low). A key resistance lies at 1.3549 (21/07/2014 high).

Daily Technical Report