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Top Global Market Stories

West TX Oil Remains Around $45

WTI crude rose more than 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months. Even so, gains in oil were capped by fears of another large build in U.S. crude stocks, traders […]

Top Trade Ideas

Top Trade Idea For January 27th, 2015 – AUD/USD

On Aussie we have seen another leg down last week, beneath 0.8000. Based on the latest decline and extended structure from the past few months, we suspect that market will not bottom so soon. We are looking at an updated count now that shows we are in wave five of (3) so price will be […]

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 January 27th,2015 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.1123, 1.0992, 1.0830
  • Resistance:1.1254, 1.1416, 1.1516

The Euro paused to consolidate losses against the US Dollar after cautiously dipping below the 1.11 figure. A daily close below the 50% Fibonacci expansionat 1.1123 exposes the 61.8% level at 1.0992. Alternatively, a turn above the 38.2% Fib at 1.1254 opens the door for a challenge of the 23.6% expansion at 1.1416.

The Euro’s inability to continue lower following the outcome of the weekend’s Greek election seems telling and we suspect a corrective bounce may be ahead. We will stand aside for now, looking for a corrective recovery to yield a selling opportunity in line with our long-term outlook.

EUR/USD Technical Analysis: Looking to Sell on Bounce

Bitcoin

bitcoin brokers

Bitcoin Falls $12, More Coinbase News

Bitcoin continued the decline today, falling by another $12 dollars. After opening the day at $264.08 BTC/USD traded down to a low of $241 by mid-day. The fledgling cryptocurrency spent the rest of Tuesday recouping some of the losses, eventually closing at $252 flat. We are currently quoted at $254 on BTC-E, $263.50 on BitStamp […]

Global Market Commentary

Swiss Central Bank Takes Another Swipe at the EUR

SNB rumors hurts EUR Currency pairs trying to take a breather Recycle EUR’s to improve portfolio average Stateside weather postpones debt issues As most of the east coast of the U.S. focuses on the “historic” snowstorm of all proportions, rumored Swiss National Bank (SNB) action during the European session this morning has taken a swipe […]

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