Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,361.20	+9.30	+0.69%
WTI Crude •10 mins	64.73	-0.79	-1.21%
Gasoline •2 days	2.069	-0.008	-0.40%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.13	-0.64	-0.94%
Natural Gas • 11 mins	3.656	-0.083	-2.22%
Heating Oil • 2 days	2.241	-0.049	-2.14%

Headlines

745 days Will The ECB Continue To Hike Rates?
746 days Forbes: Aramco Remains Largest Company In The Middle East
747 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,147 days Could Crypto Overtake Traditional Investment?
1,152 days Americans Still Quitting Jobs At Record Pace
1,154 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,157 days Is The Dollar Too Strong?
1,157 days Big Tech Disappoints Investors on Earnings Calls
1,158 days Fear And Celebration On Twitter as Musk Takes The Reins
1,160 days China Is Quietly Trying To Distance Itself From Russia
1,160 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,164 days Crypto Investors Won Big In 2021
1,164 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,165 days Food Prices Are Skyrocketing As Putin’s War Persists
1,167 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,168 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,171 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,172 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,172 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,174 days Are NFTs About To Take Over Gaming?

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…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Moving Below The Key Support at 1.6220

By - Sep 08, 2014, 5:13 AM CDT

GBP/USD continues its relentless decline, as can be seen by the move below the key support at 1.6220. Another support stands at 1.6000 (psychological threshold and 50% retracement). Hourly resistances can now be found at 1.6233 (intraday high) and 1.6340 (05/09/2014 high).

In the longer term, prices have collapsed after having reached 4-year highs. The breach of the key support at 1.6220 confirms persistent selling pressures and opens the way for further decline towards the strong support at 1.5855 (12/11/2013 low). A key resistance now stands at 1.6644.

Daily Technical Report