Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	943.30	+6.90	+0.74%
WTI Crude •10 mins	69.77	+0.31	+0.45%
Gasoline •14 mins	1.951	+0.010	+0.50%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.23	+0.29	+0.40%
Natural Gas • 10 mins	3.882	+0.134	+3.58%
Heating Oil • 18 mins	2.255	+0.024	+1.06%

Headlines

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

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Rouge Collapse

By - Oct 07, 2016, 6:46 AM CDT

GBP/USD has collapsed in Asia trading, with reports of 1.14 lows but is now consolidating around the 1.2424 handle. Resistance is located at 1.2620 (declining trendline) then 1.2873 (03/10/2016). Support base is now building at 1.2354. Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend.

Daily Technical Report