Today is Fri, September 4, 2015 10:10:40 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Top Global Market Stories

Oil Steady After Mixed Data

Crude prices traded in a narrow range on Thursday as optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels and a firm U.S. dollar. A respite from bearish economic news in China, where markets are closed for public holidays for the rest of the week, also helped hold oil prices […]

    Top Trade Ideas

    Top trade idea for September 3rd, 2015 – EURJPY

    Looking to buy any dip below the 134 area as from my point of view what we’re seeing on the eurjpy pair is nothing but an impulsive move that ended around the 139 level and this means we should look for a correction. Time element being respected, the correcting started and because we had a […]

    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 September 3rd ,2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Finds Support Below 1.12 Figure, Attempts to Resume Recovery
    • Waiting for Signs of Long-Term Down Trend Resumption to Get Short

    The Euro is attempting to resume the upside correction launched a month ago against the US Dollar having found support above the 1.11 figure. Prices hit seven-month highs last week but failed to maintain momentum above the 1.17 mark. Still, the series of higher highs and lows carved out from the August 5 low remains intact.

    Near-term resistance is now at 1.1368, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 38.2% level at 1.1501. Alternatively, a reversal back below the 14.6% Fib at 1.1287 initially clears the way for a test of the August 28 low at 1.1155.

    The long-term EURUSD trend remains bearish. That paints the current upswing as well as the larger advance from lows in mid-March as ultimately corrective. With that in mind, we will remain on the sidelines until positioning produces actionable confirmation of down trend resumption.

    EUR/USD Technical Analysis: Trying to Re-launch Recovery

    bitcoin brokers

    Bitcoin, a Historical Analysis of Low-Vol Environments

    Bitcoin is still within the bounds of the symmetrical triangle pattern discussed in yesterday’s article. The chart below shows the range during the past eight days marked with a yellow rectangle. The daily range for today on BTC-E is only $3.49 dollars. This is a low in volatility we haven’t seen since early July. Is […]

    Global Market Commentary

    Dovish Draghi Drives Yields and Euro Lower

    The ECBs decision making process this month when confronted with ongoing low inflation in the euro area was made even harder by the slowdown in emerging markets and financial market volatility that could pose a threat further down the road. Mario Draghi was always likely to be dovish in the meeting in an attempt to […]

    Breaking News

    Complete Calendar