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Technical Analysis Sep.25th

by Forex Rooton September 25, 2014 7:05 am GMT
EURUSD The European currency has finally stepped away from the resistance at 1.29, and now it is getting ready to challenge the 2013 low at 1.2750. A breach of this support will expose 1.2650, namely the 2012 Q4 low. This will also most likely imply continuation of the current sell-off until the price falls to […]

WTI Steady While Brent Extends Fell As Middle East Oil Supply Still Safe

by Forex Rooton August 25, 2014 7:16 am GMT
WTI for October delivery was 4 cents lower at $93.61 a barrel in electronic trading on the New York Mercantile Exchange. It was at a discount of $8.54 to Brent, compared with a close of $8.64 on Aug. 22. Brent fell for a second day amid speculation that turmoil across the Middle East won’t threaten […]

Turkish Lira Jumped After Erdogan Wins Presidential Election

by Forex Rooton August 11, 2014 8:08 am GMT
USDTRY rose 0.3 percent to 2.1383 per dollar as of 8:37 a.m. in Istanbul, making it 0.5 percent stronger this year. The lira weakened 0.5 percent against the dollar last week as conflicts raged in Iraq and Syria to the south, Armenia to the east and Ukraine across the Black Sea. The lira advanced as […]

US 10-Year Note Pulls Back on Jobs Data; Head and Shoulders in View

by Christopher Lemieuxon July 3, 2014 2:50 pm GMT
US treasuries sell-off after data from the Labor Department show that 288,000 jobs were added in June, well above the 215,000 increase forecasted by analysts. The US 10-year treasury note yield increased to two-month highs, as the unemployment rate hits a six-year low of 6.1 percent. Traders dumped safe haven assets and double-downed on risk […]