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Top Global Market Stories

Oil Falls to 4-Month Low, Hit by Data on China, Rigs

Oil prices slid to fresh four-month lows Monday as a rise in the number of U.S. oil rigs fueled supply glut concerns even as weak China manufacturing activity weighed on the demand outlook. West Texas Intermediate crude for delivery in September dropped 73 cents, or 1.6%, to $46.39 a barrel in electronic trading. The contract […]

    Top Trade Ideas

    Top trade idea for July 31st, 2015 – GBP/CAD

    Last week GBPCAD arrived at a swing equivalent level where the last swing (“CD”) was the same size as the swing leading into it (“AB”). It’s quite common for trends to end at this point, setting up for a significant correction. The uptrend in GBPCAD had been losing momentum as it approached this swing equivalent […]

    MT4 Trading & Education

    How To Trade The Parabolic SAR in MT4

    Hi, this is Shaun Overton with and 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 August 3rd ,2015 – EUR/USD

    • EUR/USD Technical Strategy: Flat
    • Support: 1.0888, 1.0814, 1.0740
    • Resistance:1.0980, 1.1036, 1.1128

    The Euro moved lower against the US Dollar as expected after putting in a bearish Evening Star candlestick pattern. Near-term support is at 1.0888, the 38.2% Fibonacci expansion, with a break below that exposing the 1.0814-18 area (50% level, May 27 low). Alternatively, a push above the 23.6% Fib at 1.0980 clears the way for a test of the 14.6% expansion at 1.1036.

    Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

    EUR/USD Technical Analysis: Selloff Cut Short Sub-1.09

    bitcoin brokers

    Bitcoin Undecided, New Claims Against MtGox CEO

    Bitcoin is still trading undecided. After opening at $279.27, BTC/USD dipped to $277 flat on BTC-E. From here we rallied back up to $282.70. We are currently quoted at $280.00, only 73 cents higher compared to yesterday’s opening price. Very similar price action could be seen on OKCoin. Here we opened at $280.71, fell to […]

    Global Market Commentary

    EURUSD – Friday Spike Reinforces Bearish Outlook

    The euro remains bearish against the dollar despite another spike occurring in the pair on Friday. The rally was cut short around 1.11 which, in my view, reinforces the bearish argument for this pair.For one, the pair failed to break above last Monday’s high of 1.1130. This level coincides with both the descending trend line […]

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