Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,924.30	-3.00	-0.16%
WTI Crude •11 mins	86.80	-2.10	-2.36%
Gasoline •11 mins	3.084	-0.101	-3.17%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.90	-1.81	-1.93%
Natural Gas • 11 mins	3.314	+0.029	+0.88%
Heating Oil • 35 mins	3.534	-0.085	-2.35%

Headlines

1,079 days Will The ECB Continue To Hike Rates?
1,079 days Forbes: Aramco Remains Largest Company In The Middle East
1,081 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,481 days Could Crypto Overtake Traditional Investment?
1,486 days Americans Still Quitting Jobs At Record Pace
1,488 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,491 days Is The Dollar Too Strong?
1,491 days Big Tech Disappoints Investors on Earnings Calls
1,492 days Fear And Celebration On Twitter as Musk Takes The Reins
1,494 days China Is Quietly Trying To Distance Itself From Russia
1,494 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,498 days Crypto Investors Won Big In 2021
1,498 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,499 days Food Prices Are Skyrocketing As Putin’s War Persists
1,501 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,502 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,505 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,506 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,506 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,508 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - Minor Correction Underway

By - May 01, 2015, 5:29 AM CDT

GBP/USD has broken the key resistance at 1.5552 (25/02/2015 recovery high) but has failed to hold above it. Yesterday's sharp bearish intraday reversal favors a short-term phase of weakness above the support at 1.5304. Other supports can be found at 1.5166 (18/03/2015) and 1.5028 (24/04/2015 low). Resistance stands at 1.5498 (29/04/2015) then 1.6287.

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). A decisive break of the key resistance at 1.5166 (18/03/2015 high) is needed to invalidate this scenario. Another key resistance stands at 1.5552 (26/02/2015 high).

Daily Technical Report