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Top Global Market Stories

West TX Oil Below $57.50 on U.S. Shale Outlook

U.S. oil closed lower on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar. U.S. drillers cut the number of rigs by just one last week, data showed on Friday, and Goldman Sachs said prices were at a level that would spur activity. The dollar […]

Top Trade Ideas

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

The GBP/JPY last week peaked above the December high of 189.70, and for a time traded at its highest level since September 2008. But the pound sold off and subsequently the GBP/JPY fell back all the way to 187.85 before bouncing back. The cross has now recovered and it may go on to break out […]

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 May 27,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0804, 1.0647, 1.0394
  • Resistance:1.0930, 1.1056, 1.1213

The Euro declined against the US Dollar as expected after negative RSI divergence hinted at ebbing upside momentum. A daily close below the 61.8% Fibonacci expansion at 1.0804 exposes the 76.4% level at 1.0647. Alternatively, a turn above the 50% Fib at 1.0930 opens the door for a challenge of the 38.2% expansion at 1.1056.

Prices are wedged too closely between near-term support and resistance levels to justify taking a in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

EUR/USD Technical Analysis: Support at 1.08 in Focus

Bitcoin

bitcoin brokers

Bitcoin Barely Changed, Volatility Shrinks Further

Bitcoin is trading barely changed again, in yet another uneventful trading session. After opening at $238.12 on BTC-E, we rallied to a high of $240.32 before falling back to a daily low of $236.41. But ultimately prices closed near the open at $238.57. We are currently trading slightly below yesterday’s open at $237.88. Prices are […]

Global Market Commentary

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

The GBP/JPY last week peaked above the December high of 189.70, and for a time traded at its highest level since September 2008. But the pound sold off and subsequently the GBP/JPY fell back all the way to 187.85 before bouncing back. The cross has now recovered and it may go on to break out […]

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