Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,073.00	-92.50	-4.27%
WTI Crude •11 mins	95.19	-0.54	-0.56%
Gasoline •11 mins	2.939	-0.026	-0.86%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.33	-0.13	-0.13%
Natural Gas • 11 mins	3.284	+0.051	+1.58%
Heating Oil • 11 mins	3.845	-0.054	-1.37%

Headlines

1,002 days Will The ECB Continue To Hike Rates?
1,002 days Forbes: Aramco Remains Largest Company In The Middle East
1,004 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,404 days Could Crypto Overtake Traditional Investment?
1,409 days Americans Still Quitting Jobs At Record Pace
1,410 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,414 days Is The Dollar Too Strong?
1,414 days Big Tech Disappoints Investors on Earnings Calls
1,415 days Fear And Celebration On Twitter as Musk Takes The Reins
1,416 days China Is Quietly Trying To Distance Itself From Russia
1,417 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,421 days Crypto Investors Won Big In 2021
1,421 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,422 days Food Prices Are Skyrocketing As Putin’s War Persists
1,424 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,424 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,428 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,429 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,429 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,431 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Heading Towards 50% Fibonacci Retracement

By - Oct 28, 2015, 6:14 AM CDT

GBP/USD is declining. Support lies at the 50% Fibonacci retracement and stronger support can be found at 1.5202 (13/10/2015 low). Hourly resistance is given at 1.5529 (18/09/2015 high). A long as prices remain in the above range, there is no clear mid-term momentum.

In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.

Daily Technical Report