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EURUSD Fell To Lowest Since Nov; Dollar Fell on Durable Goods

by Forex Rooton July 25, 2014 2:27 pm BST
EURUSD fell to the lowest since November after a measure of German business confidence declined more than economists forecast in July. Sweden’s krona advanced to a three-week high versus the euro as a report showed retail sales increased. Demand for all durable goods — items meant to last at least three years — increased 0.7 […]
Major currencies

Technical Analysis Jul.25

by Forex Rooton July 25, 2014 8:27 am BST
EURUSD For the time being the single European currency is reluctant to decline, even though it has just breached one of the key support lines, namely 1.35. Right now the pair is facing the monthly S1 at 1.3436, but this level is unlikely to hold out for long. The next obstacle could be 1.3369, but […]

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WTI Declined After Rising In Fuel Supplies

by Forex Rooton July 25, 2014 7:54 am BST
WTI headed for the third weekly decline this month amid speculation that rising US gasoline stockpiles signal reduced demand in the world’s biggest oil consumer. Futures were little changed in New York after falling 1 percent yesterday. Gasoline inventories climbed to the highest level since March, while crude supplies dropped for a fourth week, Energy […]
dollar

USD At Its Highest Level in Month After Jobless Claims Report

by Forex Rooton July 24, 2014 1:56 pm BST
The dollar touched the highest level in more than a month as the number of Americans filing applications for unemployment benefit unexpectedly dropped last week to the lowest level in more than eight years. The euro climbed from an eight-month low after manufacturing growth unexpectedly quickened in July. The pound dropped for a seventh day […]