Commodity Prices

Gold •648 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,037.90	-27.30	-1.32%
WTI Crude •10 mins	104.02	+7.45	+7.71%
Gasoline •11 mins	3.168	+0.131	+4.32%
Ethanol •648 days	2.161	+0.000	+0.00%
Silver •648 days	30.82	+1.16	+3.92%

Silver • 648 days	30.82	+1.16	+3.92%
Copper • 648 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	102.21	+7.01	+7.36%
Natural Gas • 11 mins	2.709	+0.061	+2.30%
Heating Oil • 11 mins	4.099	+0.338	+8.97%

Headlines

1,033 days Will The ECB Continue To Hike Rates?
1,033 days Forbes: Aramco Remains Largest Company In The Middle East
1,035 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,435 days Could Crypto Overtake Traditional Investment?
1,440 days Americans Still Quitting Jobs At Record Pace
1,442 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,445 days Is The Dollar Too Strong?
1,445 days Big Tech Disappoints Investors on Earnings Calls
1,446 days Fear And Celebration On Twitter as Musk Takes The Reins
1,448 days China Is Quietly Trying To Distance Itself From Russia
1,448 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,452 days Crypto Investors Won Big In 2021
1,452 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,453 days Food Prices Are Skyrocketing As Putin’s War Persists
1,455 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,456 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,459 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,460 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,460 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,462 days Are NFTs About To Take Over Gaming?

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…

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 - Monitor Broken at 1.5451

By - Aug 10, 2015, 5:35 AM CDT

GBP/USD has failed to hold below 1.5451 (14/07/2015 low). However, drift lower indicates persistent selling pressure. Stronger support is given at the 38.2% Fibonacci retracement at 1.5409. Hourly resistance is given at 1.5733 (01/07/2015 high). We remain bearish on the pair.

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

Daily Technical Report