Archive for December, 2014

Technical Analysis Dec.15th

by Forex Rooton December 15, 2014 6:40 am GMT
EURUSD EUR/USD currency pair appreciated during the last trading day of the previous week, as it approached a considerable resistance line, represented by the monthly pivot point at 1.2468. We do not expect the cross to breach this important level, which is likely to push the Euro downwards. Technical indicators, in turn, predict the pair […]
Photographer: Peter Parks/AFP/Getty Images

Australia’s Dollar Fell To Lowest on Iron Prices

by Forex Rooton December 15, 2014 6:29 am GMT
The Aussie weakened against most of its 16 major peers after Treasurer Joe Hockey said yesterday the budget deficit is deepening because of the biggest slump in the nation’s terms of trade since records began more than 50 years ago. The yen pared gains after Prime Minister Shinzo Abe’s victory in elections he called to […]

Yen Jumbs After Election

by Forex Rooton December 15, 2014 6:20 am GMT
The Japanese currency has tumbled about 30 percent in the past two years as Abe implemented fiscal spending and structural reforms and the Bank of Japan applied unprecedented monetary stimulus to battle deflation. Abe’s ruling Liberal Democratic Party and its coalition partner gained more than two-thirds of the 475 seats in the lower house, winning […]

Technical Analysis Dec.8th

by Forex Rooton December 8, 2014 7:25 am GMT
EURUSD EURUSD currency pair has just approached the recently-set 2014 low at 1.2271. It is likely that bears will try to test this level on Monday. If successful, the pair may decline down to monthly S2 in the short-term, which is also reinforced by weekly S1 at 1.22. In case of failure, we would assume […]