Today is Tue, December 1, 2015 11:55:25 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Top Global Market Stories

Iran Unveiled New Oil Contracts to Attract Foreign Investment

Iran unveiled a new model of oil contracts Saturday aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year, and said U.S. companies would be welcome to participate. The new Iran Petroleum Contract replaces a previous buyback model, in which contractors paid to develop and operate an […]

    Top Trade Ideas

    Top trade idea for November 30th, 2015 – GBP/USD

    Trading opportunities for currency pair: the monthly candle has closed the previous two months and will be closing down. The target is 1.4560. Due to the general strengthening of USD and according to the cycle, the pound/dollar’s fall could last until the beginning of March 2016. Since the scenario is a weekly one, it could […]

    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 October 27th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Short at 1.1057
    • Break of 7-Month Trend Line Support Hints Long-Term Euro Down Trend Resuming
    • Short Trade Triggered, Initially Targeting Move Back Below 1.10 Figure vs. US Dollar

    The Euro looks to be resuming its long-term down trend against the US Dollar after a break of support marked by a rising trend line set from mid-March. Prices topped and turned lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern.

    From here, a daily close below the October 23 low at 1.0996 opens the door for a test of double bottom support marked by the May 27 bottom at 1.0818. Alternatively, a move back above the trend line and horizontal support-turned-resistance at 1.1118 clears the way for a challenge of the 38.2% Fibonacci retracement at 1.1187.

    We will now enter short, initially targeting 1.0996. A stop-loss will be activated on a daily close above 1.1118. We will take profit on half of the position and trail the stop-loss to the breakevenlevel once the first objective is reached.

    EUR/USD Technical Analysis: Short Trade Triggered Sub-1.11

    bitcoin brokers

    Bitcoin Bounces at Previous Consolidation

    Bitcoin is trading almost unchanged since our last update. Prices bounced right at the consolidation area shown in our yesterday article and headed lower. We are currently quoted at $374.64 dollars per coin on BTC-E. On rival exchange OKCoin we saw prices dip from a high of $382.40 to a daily low of $369.11 dollars. […]

    Global Market Commentary

    USD/CAD Loonie Appreciates Despite Lower Oil Price

    Canadian Current Account Deficit Shrinks in Third Quarter The Loonie was higher versus the USD after the Canadian current account balance posted a 16.2 billion deficit. The deficit shrank from last quarter’s 16.6 billion. The deficit was expected to improve after the CAD has depreciated against the USD in favour of the Canadian Trade balance. […]

    Breaking News

    Complete Calendar