Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,350.80	-10.90	-0.80%
WTI Crude •11 mins	64.35	-0.25	-0.39%
Gasoline •18 mins	2.234	+0.035	+1.59%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 22 mins	68.20	-0.42	-0.61%
Natural Gas • 11 mins	2.982	+0.038	+1.29%
Heating Oil • 47 mins	2.295	-0.015	-0.65%

Headlines

806 days Will The ECB Continue To Hike Rates?
806 days Forbes: Aramco Remains Largest Company In The Middle East
808 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,208 days Could Crypto Overtake Traditional Investment?
1,213 days Americans Still Quitting Jobs At Record Pace
1,215 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,218 days Is The Dollar Too Strong?
1,218 days Big Tech Disappoints Investors on Earnings Calls
1,219 days Fear And Celebration On Twitter as Musk Takes The Reins
1,221 days China Is Quietly Trying To Distance Itself From Russia
1,221 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,225 days Crypto Investors Won Big In 2021
1,225 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,226 days Food Prices Are Skyrocketing As Putin’s War Persists
1,228 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,229 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,232 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,233 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,233 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,235 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - 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