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Top Global Market Stories

Gold – Resting on Support at $1290

Gold for Thursday, August 21, 2014 Over the last few days Gold has been easing lower back towards the medium term support level at $1290 which is where it presently finds itself resting.   A couple of weeks ago Gold had been meeting resistance around $1313 which has seen it finally ease lower to end last […]

Top Trade Ideas

Top Trade Idea For August 20th,2014 – USD/JPY

USDJPY: navigating central bank risk The Jackson Hole conference of central bankers may not be everyone’s idea of a barrel of laughs, but it can be big news for your portfolio. In the past, central bankers have used these speeches to announce changes in monetary policy; this is where Ben Bernanke first announced the prospect […]

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 20th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3345, 1.3291, 1.3248
  • Resistance:1.3345, 1.3432, 1.3461

 

The Euro resumed its push downward against the US Dollar after completing a Triangle continuation chart formation. Near-term support is at 1.3291, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at 1.3248. Alternatively, a turn above the 23.6% Fib at 1.3345 opens the door for a test of the August 8 high at 1.3432.

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 remains open to capture any further downside momentum with a stop-loss adjusted to the breakeven level.

EUR/USD Technical Analysis: Euro Sets New 8-Month Low

 

Bitcoin

bitcoin brokers

Bitcoin Stable After Volatile Day, ATO Releases Tax Ruling

Bitcoin is trading more stable today after a volatile Monday that saw prices flash crash over 130 dollars on BTC-E. Bitcoin traded as high as $487 yesterday, fueled by the rebound started after the crash. With the recent clearing of orders on both BTC-E and Bitfinex, the market should remain somewhat supported in the near […]

Global Market Commentary

Profit taking seen ahead of the BoE and Fed minutes

Profit taking seen ahead of the BoE and Fed minutes; BoE minutes may show more disagreement on rates that voting suggests; Geopolitical risk just background noise at the minute, but this may change. We appear to be seeing a little bit of profit taking ahead of the European open on Wednesday, as indices point to […]

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