Top Global Market Stories
Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude LCOc1 gained 53 cents to $65.90 a barrel by 1750 GMT (01:50 p.m. EDT), after touching an intraday low of $64.72. U.S. crude CLc1 […]
Top Trade Ideas
At its last meeting the New Zealand Reserve Bank moved to an easing bias on interest rates. By contrast the Australia’s RBA toned its easing bias back to only a fraction short of neutral at its meeting. The combination of these two moves delivered a strong rally for the Aussie against the Kiwi, allowing it […]
MT4 Trading & Education
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 […]
- EUR/USD Technical Strategy: Flat
- Support: 1.0934, 1.0808, 1.0653
- Resistance:1.1059, 1.1214, 1.1310
The Euro turned lower against the US Dollar as expected after negative RSI divergence pointed to fading upside momentum. Near-term support is at 1.0934, the 50% Fibonacci expansion, with a break below that exposing the 61.8% level at 1.0808. Alternatively, a reversal above the 38.2% Fib at 1.1059 clears the way for a test of the 23.6% expansion at 1.1214.
Risk/reward considerations argue against entering short in line with our long-term outlookwith prices in close proximity to support. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
Bitcoin can’t catch a break. Today the cryptocurrency retraced most of the gains made during the past 4 days. After peaking out at $243.63 in yesterday’s trading session, today BTC/USD fell to a low of $237 flat before stabilizing somewhat. About two hours ago we had another retest of $237 with prices trading as low […]