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Top Global Market Stories

US indices edge higher ahead of FOMC decision

FOMC statement and press conference key today; BoE rate hike vote fails to gather more support leaving only two in favour; UK jobs report shows further improvements in labour market as unemployment falls to 6.2%. All week we’ve been talking about the big risk events for the markets and why they’re weighing on investor sentiment […]

Top Trade Ideas

Top Trade Idea For September 17th, 2014

The AUD/NZD currency pair is looking very interesting from a technical point of view. After it finally broke above sturdy resistance of 1.1035 in mid-August, the currency cross went on to achieve a high of 1.1294 before pulling back sharply from there. But I think this latest pullback was caused primarily by longs taking profit, […]

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 17,2014-EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2864, 1.2794, 1.2708
  • Resistance:1.2981, 1.3057, 1.3104

The Euro is edging higher against the US Dollar as expected after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the door for a test of the 61.8% threshold at 1.2794.

We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: Upswing Proving Tepid So Far

Bitcoin

bitcoin brokers

Bitcoin Falls Over $20 as Selloff Continues

After breaking the $460 support yesterday, bitcoin continued the leg down. Today prices fell over 20 dollars, from $456 per coin to a daily low of $434. Our article yesterday called for more losses after the important $460 figure gave way. After reaching a daily low of $434 BTC/USD reversed course and rallied almost $15 […]

Global Market Commentary

US indices edge higher ahead of FOMC decision

FOMC statement and press conference key today; BoE rate hike vote fails to gather more support leaving only two in favour; UK jobs report shows further improvements in labour market as unemployment falls to 6.2%. All week we’ve been talking about the big risk events for the markets and why they’re weighing on investor sentiment […]

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