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Top Global Market Stories

West TX Oil Remains Below $56

U.S. oil prices rallied abruptly at midday on Tuesday, reversing earlier losses on what traders said was a mix of profit-taking on crack spreads and positioning ahead of WTI options expiry later in the day. WTI crude settled 2 cents higher at $55.93 per barrel, after peaking at $57.15 earlier. The Brent crude contract for […]

Top Trade Ideas

Top Trade Idea For December 17th, 2014 – GBP/USD

As strange as it sounds, the tone of trade for the rest of the week, and perhaps even the rest of the year, could hinge on just two words. The Federal Reserve will release its monetary policy statement and summary of economic projections at 2:00pm ET (19:00 GMT), followed by the press conference with Fed […]

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 December 17th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2491, 1.2397, 1.2340
  • Resistance:1.2566, 1.2642, 1.2735

The Euro advanced against the US Dollar as expected having completed a bullish Morning Star candlestick pattern. Near-term resistance is at 1.2566, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 1.2642. Alternatively, a reversal below the 38.2% Fib at 1.2491 clears the way for a test of the 23.6% retracement at 1.2397.

Our long-term outlook calls for a broadly stronger US Dollar against its key counterparts. With that in mind, we will treat the ongoing EURUSD bounce as a chance to get short at more attractive levels once a clear-cut trade setup presents itself rather than a buying opportunity.

EUR/USD Technical Analysis: Euro Pops to One-Month High

Bitcoin

bitcoin brokers

Bitcoin Bounces Off $319, CSBS Joins the Regulatory Party

Bitcoin continued the downward trend today, spiking to a low of $318.10 few hours ago. From here, BTC/USD reversed and hit a high of $328.39. We are currently quoted at $327.51 on BTC-E, $332 on OKCoin and $334 on BitStamp. The chart below shows the V-shaped reversal during the past 12 hours. While prices briefly […]

Global Market Commentary

Top Trade Idea For December 17th, 2014 – GBP/USD

As strange as it sounds, the tone of trade for the rest of the week, and perhaps even the rest of the year, could hinge on just two words. The Federal Reserve will release its monetary policy statement and summary of economic projections at 2:00pm ET (19:00 GMT), followed by the press conference with Fed […]

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