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Top Global Market Stories

Futures edge higher after another record breaking session

US futures are pointing marginally higher on Wednesday, on what is expected to be a fairly quiet session. They’re not getting much direction from Europe, where indices are treading water, which is something we also saw in Asia overnight. It’s looking a little light on the economic data front, which may explain why we’re not […]

Top Trade Ideas

Top Trade Idea For August 27th,2014 – EUR/CHF

Since the Swiss National Bank (SNB) imposed its peg in EUR/CHF, this cross has only traded below 1.20 a handful of times, and each time it has bounced off this important level of support. In the three years that the peg has been in place, the market hasn’t tested the SNB’s resolve with any gusto. […]

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 27th,2014 – EUR/USD

Talking Points:

 

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3151, 1.3048-64, 1.2977
  • Resistance:1.3204, 1.3248, 1.3291

 

The Euro remains under heavy selling pressure, descending to the weakest level in almost a year against the US Dollar. A daily close below the 76.4% Fibonacci expansion at 1.3151 exposes the 1.3048-64 area marked by the 100% level and a falling channel floor. Alternatively, a reversal above the 61.8% Fib at 1.3204 clears the way for a challenge of the 50% expansion at 1.3248.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains open to capture continued downside momentum. The stop-loss is now at breakeven level.

EUR/USD Technical Analysis: Euro Eyeing One-Year Lows

Bitcoin

bitcoin brokers

Bitcoin to Continue Downtrend Says Citi

Nothing new on the price front for everyone’s favorite cryptocurrency. Bitcoin rallied to a high of $517.85 today but toward the close BTC/USD fell back down to the $510 figure. We are still trading well inside the $50 range mentioned in our daily roundup yesterday. Until we break either of these extremes, prices will likely […]

Global Market Commentary

Futures edge higher after another record breaking session

US futures are pointing marginally higher on Wednesday, on what is expected to be a fairly quiet session. They’re not getting much direction from Europe, where indices are treading water, which is something we also saw in Asia overnight. It’s looking a little light on the economic data front, which may explain why we’re not […]

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