Commodity Prices

Gold •520 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,660.50	-0.10	-0.01%
WTI Crude •16 hours	60.08	+0.41	+0.69%
Gasoline •16 hours	1.834	+0.007	+0.38%
Ethanol •520 days	2.161	+0.000	+0.00%
Silver •520 days	30.82	+1.16	+3.92%

Silver • 520 days	30.82	+1.16	+3.92%
Copper • 520 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	63.75	+0.49	+0.77%
Natural Gas • 16 hours	5.289	+0.226	+4.46%
Heating Oil • 16 hours	2.363	+0.059	+2.57%

Headlines

905 days Will The ECB Continue To Hike Rates?
905 days Forbes: Aramco Remains Largest Company In The Middle East
907 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,307 days Could Crypto Overtake Traditional Investment?
1,312 days Americans Still Quitting Jobs At Record Pace
1,314 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,317 days Is The Dollar Too Strong?
1,317 days Big Tech Disappoints Investors on Earnings Calls
1,318 days Fear And Celebration On Twitter as Musk Takes The Reins
1,320 days China Is Quietly Trying To Distance Itself From Russia
1,320 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,324 days Crypto Investors Won Big In 2021
1,324 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,325 days Food Prices Are Skyrocketing As Putin’s War Persists
1,327 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,328 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,331 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,332 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,332 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,334 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…

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 - 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