Archive for August, 2014

Government Warnings After JPMorgan’s Big Hacking News!

by Forex Rooton August 30, 2014 1:13 pm GMT
Government officials and security experts have long warned of the possibility of cyber disruptions in the financial system and other essential services and utilities. Those concerns are heightened in times of conflict. Russia’s annexation of the Crimean peninsula touched off a wave of sanctions in March that have hurt trade and threaten to send President […]

Technical Analysis Aug.29th

by Forex Rooton August 29, 2014 8:11 am GMT
EURUSD EURUSD continues to fluctuate within a tight range this week—between 1.32 and 1.3150. And even though the daily and weekly studies are mostly pointing South right now, there is a good chance the currency pair is going to re-visit the resistance at 1.33 before launching an attack on the 2013 Sep low at 1.31. […]

Dollar Extended Gains After US GDP

by Forex Rooton August 28, 2014 2:59 pm GMT
The dollar extended gains against a basket of currencies on the data of US Gross domestic product where expanded at a 4.2 percent annual rate instead of the previously reported 4.0 percent pace, the Commerce Department said on Thursday, reflecting upward revisions to business spending and exports. It was the fastest pace since the third […]

Technical Analysis Aug.28th

by Forex Rooton August 28, 2014 7:51 am GMT
EURUSD Despite a plethora of ‘sell’ signals on the daily and weekly charts, the Euro is currently recovering, as the support at 1.3150, represented by the monthly S2, proved to be quite strong. Given the absence of any significant resistances nearby, the currency is now likely to move towards 1.33, where it is going to […]