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Top Global Market Stories

BoJ remains steady, yet bullish markets push higher

FOMC continues to drive bullish sentiment BoJ keeps stable yet election provides renewed mandate German GFK survey looking to top off strong week. The end of a memorable week in the markets, which seemed likely to go out with somewhat of a whimper given the relative lack of events to get the market moving. However, […]

Top Trade Ideas

Top Trade Idea For December 19th, 2014 – USD/RUB

Russian Rouble Roulette It’s hard to go past the Russian rouble as the traders’ choice, given the extraordinary volatility. Extreme price movements demand traders respond with aggressive risk management, but the potential rewards for a good entry are attractive. Trading USD/RUB is not for the inexperienced. However, traders willing to adapt to the environment may […]

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 December 19th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2246, 1.2173, 1.2080
  • Resistance:1.2324, 1.2418, 1.2569

The Euro continued downward for a second day against the US Dollar, with prices now threatening December’s swing bottom. Near-term support is at 1.2246-49, the December 8 low and the 50% Fibonacci expansion, with a break below that exposing the 61.8% level at 1.2173. Alternatively, a reversal above the 38.2% Fib at 1.2324 clears the way for a test of the 23.6% expansion at 1.2418.

Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests that taking up the long side is premature. With that in mind, we will remain flat for now.

EUR/USD Technical Analysis: December Lows Under Pressure

Bitcoin

bitcoin brokers

Bitcoin Little Changed After Volatile 24 Hours

Bitcoin is trading little changed after a volatile 24 hours. Prices rallied from $315 to a high of $330.02 yesterday. But after topping out at $330, BTC/USD proceeded to lose all the gains. We are currently quoted at $315 per coin on BTC-E, $319 on BitStamp and $321 on OKCoin. In our article yesterday, we […]

Global Market Commentary

BoJ remains steady, yet bullish markets push higher

FOMC continues to drive bullish sentiment BoJ keeps stable yet election provides renewed mandate German GFK survey looking to top off strong week. The end of a memorable week in the markets, which seemed likely to go out with somewhat of a whimper given the relative lack of events to get the market moving. However, […]

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