Archive for October, 2014

Yen Falls to Six-Year Low on BOJ Easing

by Forex Rooton October 31, 2014 9:10 am GMT
The yen weakened beyond 111 per dollar for the first time in more than six years after the Bank of Japan unexpectedly increased monetary stimulus. Japan’s currency slumped as much as 2.1 percent, the most since the central bank first expanded stimulus in April 2013. The BOJ said it would expand the monetary base by […]

Gold to $1,000?

by Forex Rooton October 31, 2014 9:05 am GMT
Gold and silver slumped to the lowest level since 2010 as the dollar strengthened after the Bank of Japan unexpectedly boosted unprecedented stimulus and the Federal Reserve ended asset purchases. Bullion for immediate delivery lost as much as 2.6 percent to $1,167.49 an ounce, the lowest since July 2010, and traded at $1,177.26 at 4:13 […]

Technical Analysis Oct.31st

by Forex Rooton October 31, 2014 7:19 am GMT
EURUSD It seems that the EURUSD cross resumed its long-term downward trend, since it declined further yesterday and surpassed the major level at 1.26. Moreover, the weekly S1 at 1.2579 appeared to be a rather weak support line and the pair closed below it. The next considerable demand area is located at 1.25 (2014 low) […]

Technical Analysis Oct.30th

by Forex Rooton October 30, 2014 7:46 am GMT
EURUSD The single currency dropped against the US Dollar for the first time in four days yesterday, as the Fed announced the end of its stimulus program. The pair neared a considerable support at 1.2594, represented by the weekly S1 and Bollinger band. If case of successful testing, the Euro is likely to slump down […]