Greek Bailout Vote To Test Syriza Party Rebellion

by Forex Rooton July 22, 2015 11:42 am GMT
ATHENS (Reuters) – Greece’s leftist government urged disgruntled lawmakers on Wednesday to back reforms required for talks on a rescue deal to start, as Prime Minister Alexis Tsipras faced his second major test in parliament in a week. A first set of reforms that focused largely on tax hikes and budget discipline triggered a rebellion […]

Gold Fell Back Towards 5 year Lows As Investors pull Away

by Forex Rooton July 22, 2015 11:29 am GMT
Spot gold was down 0.5 percent at $1,095.69 an ounce at 0940 GMT, while U.S. gold futures for August delivery were down $8.70 an ounce at $1,094.80. On Monday, gold slid to its lowest since March 2009 at $1,088.05 an ounce. Gold slides towards five-year low as investors pull back from the precious metal, with […]

A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

Unexpected Rise In US Crude Brings Oil Prices Down

by Forex Rooton July 22, 2015 11:19 am GMT
Oil prices fell Today after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with […]

Technical Analysis Jul.22nd

by Forex Rooton July 22, 2015 11:00 am GMT
EURUSD EUR/USD failed to consolidate below the May low at 1.0818, therefore giving bulls a chance to push the pair back to the upside. They used this opportunity and sent the Euro as high as 1.0940, thus making a 100-pip rebound on a daily basis and erasing losses of three previous days. EUR/USD is now […]