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Top Global Market Stories

Oil to Stabilize in 2H According to Reuters Poll

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday. The survey of 34 analysts predicted North Sea Brent crude LCOc1 would average $59.20 a barrel in 2015, up from […]

Top Trade Ideas

Top trade idea for March 27th, 2015 – USD/MXN

Many traders will refuse an each way bet. That is, if a trade goes against them, they won’t reverse and go in the new direction. Usually this is a result of at least one painful “whipsawing” as an inexperienced trader. Yet experienced traders know when to break the rules,, and the Mexican peso’s positioning at […]

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 March 30th,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0832, 1.0456, 1.0244
  • Resistance:1.1051, 1.1263, 1.1513

The Euro rose as expected against US Dollar after producing a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.1051, the March 26 high, with a break above that on a daily closing basis exposing the 38.2% Fibonacci retracement at 1.1263. Alternatively, a push below trend line resistance-turned-support at 1.0832 clears the way for a test of the 1.0456-1.0552 area (March 16 low, the 23.6% Fib expansion).

Our long-term outlook envisions Euro weakness. With that in mind, we will treat any on-coming upswing as corrective and look to enter short once signs of a renewed turn lower emerge. In the meantime, we will remain on the sidelines.

EUR/USD Technical Analysis: Pullback Pauses at Trend Line

 

Bitcoin

bitcoin brokers

Bitcoin Bounces Off $235, Silk Road Plot Thickens

Bitcoin ended the short losing streak today by bouncing off the $235 mark. After opening at $238.22, BTC/USD fell to a low of $234.08, briefly piercing the $235 support. But bitcoin spent less the 30 minutes below the mark and soon the bulls pushed prices back above the figure. By the end of day, a […]

Global Market Commentary

Record EUR Shorts Looking to IMF for Clues

Beware of short trading week moves BoE on two-month hiatus Look to U.S. jobs for rate clue Beware of weather-related anomalies in NFP With Good Friday making it a holiday-shortened trading week for most currency traders, many would likely prefer to escape this month unscathed to begin the second quarter next week. However, with U.S. […]

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