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Top Global Market Stories

EUR’s Fall from Grace Put on Hold until NFP

The forex market has had a little bit of everything thrown at it in the past 24-hours. It looks like an asset class that wants to make up for lost time in a hurry. Finally, fundamental and technical themes are beginning to join the dots that both volatility and volume, in the current low-rate environment, […]

Top Trade Ideas

Top Trade Idea For August 1st, 2014 – AUD/NZD

Trans Tasman Trade – Sell AUD/NZD Australia and New Zealand are separated by a lot more than just the Tasman Sea – and are not so friendly rivals in many sports dear to both countries’ hearts. They share a heavy dependence on primary industries. However, NZ’s food producers are currently outperforming Australia’s miners, and it’s […]

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 1st, 2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3366, 1.3324, 1.3208
  • Resistance:1.3396, 1.3454, 1.3512

The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are now eyeing support at 1.3366, the November 8 2013 close. A break below this boundary on a daily closing basis initially exposes the 76.4% Fibonacci expansion at 1.3324. Alternatively, a move back above the 61.8% Fib at 1.3396 opens the door for a test of the 50% expansion at 1.3454.

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 stop-loss on our remaining exposure has been moved to the breakeven level.

EUR/USD Technical Analysis: Testing Eight-Month Floor

Bitcoin

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Bitcoin Bounces Off $550 as Argentina Defaults

Bitcoin prices have once again bounced off the important $550 figure. Earlier today, BTC/USD traded to a low of $555 before rebounding. Since reaching the lows, bitcoin gained and is currently trading 20 points higher at $576.60 per coin on BTC-E. As usual, prices are slightly higher on BitStamp at $582 a piece. Here is […]

Global Market Commentary

Top Trade Idea For August 1st, 2014 – AUD/NZD

Trans Tasman Trade – Sell AUD/NZD Australia and New Zealand are separated by a lot more than just the Tasman Sea – and are not so friendly rivals in many sports dear to both countries’ hearts. They share a heavy dependence on primary industries. However, NZ’s food producers are currently outperforming Australia’s miners, and it’s […]

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