Today is Wed, August 27, 2014 10:22:11 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Top Global Market Stories

EUR Shorts Hanging Tough For Now

With the U.K. markets back online today after a holiday long weekend, playing catch-up is the order of the day. European credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai Composite Index, and Hang Seng Index close in the red after some quick profit-taking on the […]

Top Trade Ideas

Trade Idea For August 25th,2014 – USD/NOK

Over the past few weeks, USD/NOK (Norwegian Krone) has fallen almost 3% from almost 6.31 to 6.13. The subsequent pullback from 6.13 has also been weak only reaching 6.20. As we feel it should reach 6.22-6.24, we’ll discuss a way to place a trade allowing for the fact that we’re unsure which form the correction […]

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 August 26th,2014- EUR/USD

Talking Points:

 

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3248, 1.3190-204, 1.3151
  • Resistance:1.3291, 1.3345, 1.3432

 

The Euro is testing the lower bound of its nearly four-month long downswing against the US Dollar after touching the lowest level since September 2013. Near-term support is in the 1.3177-1.3204 area, marked by the 61.8% Fibonacci expansion and a falling channel floor, with a daily close below that exposing the 76.4% level at 1.3151. Alternatively, a turn above the 50% Fib at 1.3248 clears the way for a challenge of the 38.2% expansion at 1.3291.

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 is open to capture further weakness with a stop-loss at breakeven.

EUR/USD Technical Analysis: Testing 4-Month Trend Floor

 

 

Bitcoin

Bitcoin: BTC/USD Technical Analysis –26th August 2014

Bitcoin (BTC/USD) is continuing to make small, stable steps back in the direction of its “stability zone” above $550. It may not be the rocket to the moon as much as the locomotive up the mountain, but such climbs bear the support of solid ground in their wake and usually remain the most stable and enduring. […]

Global Market Commentary

EUR Shorts Hanging Tough For Now

With the U.K. markets back online today after a holiday long weekend, playing catch-up is the order of the day. European credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai Composite Index, and Hang Seng Index close in the red after some quick profit-taking on the […]

Breaking News

Global Markets

USD
USD
EUR
EUR
GBP
GBP
JPY
JPY
Gold
Gold
Exotics
Exotics
CHF
CHF
AUD
AUD
NZD
NZD
CAD
CAD
Oil
Oil
 
Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish