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Top Global Market Stories

West TX Oil Eases to $48 on Stronger Dollar

Oil prices weakened heading into U.S. crude’s settlement Thursday after a larger-than-expected drawdown in U.S. crude stockpiles was balanced by a stronger dollar and position squaring ahead of the expiry of the front-month contracts in gasoline and diesel. U.S. crude settled down 27 cents, or 0.55 percent, at $48.52 a barrel. Benchmark Brent crude oil […]

    Top Trade Ideas

    Top trade idea for July 30st, 2015 – AUDUSD

    FOMC the other day brought nothing but more uncertainty in an FX world dominated by ranges this July as no one really wants to take a chance ahead of the September rate hike or at least ahead of the NFP to come next week. Fed suggested it still wants to see more jobs being created […]

    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 July 31st ,2015 – EUR/USD

    By Ilya Spivak,

    • EUR/USD Technical Strategy: Flat
    • Support: 1.0888, 1.0814, 1.0740
    • Resistance:1.0980, 1.1036, 1.1128

    The Euro extended downward against the US Dollar as expected after prices produced a bearish Evening Star candlestick pattern. A daily close below the 38.2% Fibonacci expansionat 1.0888 exposes the 1.0814-18 area (50% level, May 27 low). Alternatively, a move above the 23.6% Fib at 1.0980 opens the door for a challenge of the 14.6% expansion at 1.1036.

    Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/rewardperspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

    dailyclassics_eur-usd_body_Picture_2

    bitcoin brokers

    Bitcoin Prints Red as Volatility Dips

    After yesterday’s 2 percent loss today we’re down again, albeit slightly. On BTC-E we opened at $284.93, rallied briefly to $285.97, before falling back down. Near the end of the session we hit a low of $281.56. In the first four hours of the new session BTC dipped to a new 4-day low at $281.20. […]

    Global Market Commentary

    Chart Of The Day For July 31st ,2015 – EUR/USD

    By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0888, 1.0814, 1.0740 Resistance:1.0980, 1.1036, 1.1128 The Euro extended downward against the US Dollar as expected after prices produced a bearish Evening Star candlestick pattern. A daily close below the 38.2% Fibonacci expansionat 1.0888 exposes the 1.0814-18 area (50% level, May 27 low). Alternatively, a move above […]

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