Commodity Prices

Gold •10 mins	2,042.70	-47.00	-2.25%
Platinum •10 mins	923.10	-13.00	-1.39%
WTI Crude •10 mins	73.08	-0.99	-1.34%
Gasoline •10 mins	2.129	+0.008	+0.39%
Ethanol •14 mins	2.161	+0.000	+0.00%
Silver •10 mins	24.88	-0.98	-3.78%

Silver • 10 mins	24.88	-0.98	-3.78%
Copper • 10 mins	3.827	-0.105	-2.66%
Brent Crude • 10 mins	78.07	-0.81	-1.03%
Natural Gas • 10 mins	2.685	-0.129	-4.58%
Heating Oil • 10 mins	2.659	-0.003	-0.11%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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…

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 - Deeper Setback from Recent Highs

By - May 05, 2015, 5:34 AM CDT

EUR/USD has declined sharply after reaching highs at 1.1224. Break of support at 1.1114 calls for a test of key support at 1.1043 (18/03/2015). A key resistance stands at 1.1150 (intraday high).

In the longer term, the symmetrical triangle from 2010-2014 favours further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support).

Daily Technical Report