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Top Global Market Stories

West TX Oil Below $47 on Weak China Data

U.S. crude futures slipped on Monday in Asian trading as unexpectedly slow Chinese factory growth in July raised demand concerns, while oil markets were also weighed down by OPEC’s record monthly output. U.S. crude fell 29 cents to $46.83 a barrel as of 0005 GMT after settling down $1.40, or almost 3 percent, at $47.12 […]

    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 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 31st ,2015 – EUR/USD

    By Ilya Spivak,

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

    The Euro extended downward against the US Dollar as expected after prices produced a bearish Evening Star candlestick pattern. A daily close below the 38.2% Fibonacci expansionat 1.0888 exposes the 1.0814-18 area (50% level, May 27 low). Alternatively, a move above the 23.6% Fib at 1.0980 opens the door for a challenge of the 14.6% expansion at 1.1036.

    Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/rewardperspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

    dailyclassics_eur-usd_body_Picture_2

    bitcoin brokers

    Bitcoin Barely Changed, Hovers Above Resistance

    Bitcoin is trading barely changed today. We opened at $278.30 on BTC-E, fell to a low of $275.49, before rallying all the way back to $279.87. Bitcoin closed the session at $279.16, only 86 cents above the open. In the new session we’ve continued to drift lower and BTC is currently quoted at $278.57. On […]

    Global Market Commentary

    Worst ECI Reading Since 1982 Gives Fed a Headache

    The employment cost index has thrown a major spanner in the works today, following its lowest reading since 1982. While many view other metrics as holding more importance, in my view there are few more important right now than this.*Historical ECI data back to 1982. Source – Reuters Eikon If the Federal Reserve wants evidence […]

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