Commodity Prices

Gold •527 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,765.80	+52.60	+3.07%
WTI Crude •11 mins	57.47	-0.13	-0.23%
Gasoline •11 mins	1.753	-0.007	-0.38%
Ethanol •527 days	2.161	+0.000	+0.00%
Silver •527 days	30.82	+1.16	+3.92%

Silver • 527 days	30.82	+1.16	+3.92%
Copper • 527 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	61.17	-0.11	-0.18%
Natural Gas • 11 mins	4.125	-0.106	-2.51%
Heating Oil • 11 mins	2.202	-0.027	-1.22%

Headlines

911 days Will The ECB Continue To Hike Rates?
912 days Forbes: Aramco Remains Largest Company In The Middle East
913 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,313 days Could Crypto Overtake Traditional Investment?
1,318 days Americans Still Quitting Jobs At Record Pace
1,320 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,323 days Is The Dollar Too Strong?
1,323 days Big Tech Disappoints Investors on Earnings Calls
1,324 days Fear And Celebration On Twitter as Musk Takes The Reins
1,326 days China Is Quietly Trying To Distance Itself From Russia
1,326 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,330 days Crypto Investors Won Big In 2021
1,330 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,331 days Food Prices Are Skyrocketing As Putin’s War Persists
1,333 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,334 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,337 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,338 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,338 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,340 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Trading At +30-Year Lows

By - Jul 06, 2016, 6:30 AM CDT

GBP/USD keeps on declining and is trading at levels unseen in more than 30 years. The pair has broken hourly support lies at 1.3121 (27/06/2016 low) and hourly resistance is given at 1.3534 (29/06/2016 high). Uncertainties are important on the market, we cannot rule out further decline.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

Daily Technical Report