Today is Fri, August 28, 2015 18:40:30 GMT
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Oil Rallies 10% – Biggest One Day Rally In Six Years

Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted. West Texas Intermediate futures rose 10 percent, the biggest gain since March 2009. U.S. gross domestic product grew at a 3.7 percent annualized rate in the second quarter, […]

    Top Trade Ideas

    Top trade idea for August 28th, 2015 – AUD/USD

    In all the volatility this week , the Aussie Dollar hit a 6 year low of .705 against $US Here are 4 chart based reasons why this might just turn out to be a significant low It intersects at potential trend line support which runs through the lows of 2001 and 2008 It represents a […]

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    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 28th ,2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Drops for Third Day, Aims at Push Below 1.12 Figure
    • Risk/reward Parameters Argue Against Taking Short Trade

    The Euro declined for a third consecutive day against the US Dollar, with prices now aiming at support below the 1.12 figure. A daily close below the 61.8% Fibonacci retracement at 1.1153 exposes the next downside barrier at 1.1021, the 76.4% level. Alternatively, a move back above the 50% Fib at 1.1260 targets the 38.2% retracement at 1.1367.

    Our long-term bias on the Euro favors weakness. Indeed, the dominant trend has favored the downside since mid-2008. The currently available trading range – the distance between immediate support and resistance – is only 107 pips however. That is smaller than 20-day ATR (143 pips for the last closed candle), which skews risk/reward parameters away from entering a short trade. In short, even a short trade taken directly at resistance would be aiming for a profit target smaller than a “normal” worst-case scenario of a full-ATR move against the position. As such, we will opt to stand aside for now and wait for a more compelling opportunity to present itself.

    EUR/USD Technical Analysis: Aiming Below 1.12 Figure

    bitcoin brokers

    Bitcoin Down by $7 Dollars Today

    Bitcoin is trading down by $7 dollars compared to yesterday’s update. On BTC-E we opened at $223.81, then stayed almost flat for the entire day. But in the early morning hours of the new session we are seeing a renewed bout of BTC selling. In the past four hours we hit a low of $216.12 […]

    Global Market Commentary

    Top trade idea for August 28th, 2015 – AUD/USD

    In all the volatility this week , the Aussie Dollar hit a 6 year low of .705 against $US Here are 4 chart based reasons why this might just turn out to be a significant low It intersects at potential trend line support which runs through the lows of 2001 and 2008 It represents a […]

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