Commodity Prices

Gold •338 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •11 hours	64.58	+1.21	+1.91%
Gasoline •11 hours	2.077	+0.014	+0.67%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •338 days	30.82	+1.16	+3.92%

Silver • 338 days	30.82	+1.16	+3.92%
Copper • 338 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	66.47	+1.13	+1.73%
Natural Gas • 11 hours	3.784	+0.107	+2.91%
Heating Oil • 11 hours	2.125	+0.031	+1.47%

Headlines

723 days Will The ECB Continue To Hike Rates?
723 days Forbes: Aramco Remains Largest Company In The Middle East
725 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,125 days Could Crypto Overtake Traditional Investment?
1,129 days Americans Still Quitting Jobs At Record Pace
1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,134 days Is The Dollar Too Strong?
1,135 days Big Tech Disappoints Investors on Earnings Calls
1,136 days Fear And Celebration On Twitter as Musk Takes The Reins
1,137 days China Is Quietly Trying To Distance Itself From Russia
1,138 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,142 days Crypto Investors Won Big In 2021
1,142 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,143 days Food Prices Are Skyrocketing As Putin’s War Persists
1,145 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,149 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,150 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,152 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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