Today is Tue, April 28, 2015 18:31:55 GMT
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Top Global Market Stories

West TX Oil Eases to $55 on Ample Global Supply

U.S. oil futures settled lower after a volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent some support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. U.S. June crude closed down 16 cents, or 0.28 percent, at $56.99 a barrel. Brent June […]

Top Trade Ideas

Top Trade Idea for April 27th, 2015 – GBP/JPY

(Global FX Club) The GBP/JPY remains in focus to start off this week as the pair slithers its way into a tight congested zone, with resistance located at the 181.00 – 181.90 area, and trend line support around 179.80.  Indeed, last week we called for higher levels in the pair, with a turnaround to follow […]

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 April 28th,2015 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0712, 1.0461, 1.0246
  • Resistance:1.1040, 1.1266, 1.1515

The Euro continues to push higher against the US Dollar having reversed as expected after showing a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1040, the March 18 high, with a break above that on a daily closing basis exposing the 38.2% Fibonacci retracement at 1.1266. Alternatively, a move back below the March 31 low at 1.0712 clears the way for a test of the 1.0461-1.0554 area (March 13 low, 23.6% Fibonacci expansion).

We see the Euro trend as broadly bearish, in line with our long-term outlook. As such, we will approach on-coming gains as corrective in the context of a larger structural decline and position for opportunities to enter short after the move higher is exhausted. In the meantime, we remain flat.

EUR/USD Technical Analysis: Resistance Above 1.10 Beckons

 

Bitcoin

bitcoin brokers

Bitcoin Rallies, Prices at Premium on BTC-E

Bitcoin rallied over $20 dollars since reaching a low of $210.86 yesterday. After opening at $217.35 BTC/USD dipped slightly to $215 flat. However in the afternoon trading session bitcoin’s fortunes turned as the virtual currency gained over $17 dollars to hit a daily high of $232.44. We have since eased up somewhat with BTC quoted […]

Global Market Commentary

Chart Of The Day For April 28th,2015 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.0712, 1.0461, 1.0246 Resistance:1.1040, 1.1266, 1.1515 The Euro continues to push higher against the US Dollar having reversed as expected after showing a bullish Morning Star candlestick pattern. Near-term resistance is at 1.1040, the March 18 high, with a break above that on a daily closing basis […]

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