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Top Global Market Stories

Midyear FX Outlook: The Mighty Buck’s Return Is Nigh

The question on every investor’s lips is, “when will the Fed raise interest rates?” Global currency markets continue to flounder in an environment of low volatility and volume despite being punctuated by periods of geopolitically induced risk events. The ongoing Russia-Ukraine conflict remains a significant concern that was heightened by a Malaysian jetliner being was […]

Top Trade Ideas

Top Trade Idea For July 24th, 2014 – EURGBP

I would like to take a look at the eurgbp cross this week as it is forming/ending one of the most complex forms of correction on this four hours chart you can see above and from my point of view that is a nice risk reward ratio to get out of this setup. I am […]

MT4 Trading & Education

How To Trade The Parabolic SAR in MT4

Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 3 minute video, I’m going to introduce you to the Parabolic SAR indicator for MetaTrader 4. If you don’t already have a demo account, you can follow along for free with an OANDA account by clicking the link below this video.  Register For A […]

Featured Chart

Chart Of The Day For July 24th, 2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3454, 1.3396, 1.3324
  • Resistance:1.3502-12, 1.3583, 1.3633

The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are testing support at 1.3454, the 50% Fibonacci expansion. A daily close below this boundary initially exposes the 61.8% level at 1.3396. Alternatively, a move back above the 1.3502-12 area, marked by the 38.2% Fib and the June 5 low, clears the way for a test of the 23.6% expansion at 1.3583.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The stop-loss on our remaining exposure has been moved to the breakeven level.

EUR/USD Technical Analysis: Digesting Losses at 8-Month Low

Bitcoin

bitcoin brokers

Bitcoin Breaks Below $600

After three weeks spent trading aimlessly in a range, BTC/USD finally broke below the important $600 figure today. The move below $600 lead to quick BTC losses and the crypto soon found itself trading at a low of $578. From here, we rallied a bit and we are currently quoted at $593 a piece on […]

Global Market Commentary

Midyear FX Outlook: The Mighty Buck’s Return Is Nigh

The question on every investor’s lips is, “when will the Fed raise interest rates?” Global currency markets continue to flounder in an environment of low volatility and volume despite being punctuated by periods of geopolitically induced risk events. The ongoing Russia-Ukraine conflict remains a significant concern that was heightened by a Malaysian jetliner being was […]

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