Today is Fri, March 27, 2015 21:22:51 GMT
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Top Global Market Stories

Europe Lower Ahead of Key UK Retail Sales Data

European indices are expected to open lower on Thursday following rough sessions in the US and Asia overnight. People have spent the last week trying to explain why US indices in particular have suffered over the last week, with some pointing to growing expectations of a summer rate hike and others highlighting the weakness in […]

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 27th,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0857, 1.0456, 1.0244
  • Resistance:1.1051, 1.1263, 1.1513

The Euro rallied against the US Dollar as expected after putting in a bullish Piercing Line candlestick pattern. A daily close above the march 26 high at 1.1051 exposes the 38.2% Fibonacci retracement at 1.1263. Alternatively, a move below trend line resistance-turned-support at 1.0857 clears the way for a test of the 1.0456-541 area (March 16 low, the 23.6% Fib expansion).

Our long-term outlook calls for broad-based Euro weakness. With that in mind, we will treat any on-coming gains as corrective, looking to enter short at a more attractive level rather than a seeing the move higher as a buying opportunity. In the meantime, we remain flat.

EUR/USD Technical Analysis: Retesting Pivotal Trend Line

 

Bitcoin

bitcoin brokers

Bitcoin Barely Changed, GBTC Begins Trading

Bitcoin is trading barely changed today, after the move higher faltered as well. The day started with a BTC rally from $243.38 to a high of $252.19, hit around mid-day. Prices didn’t stay above $250 for long however and a slow  and steady slide lower took BTC/USD back to the $243 mark. We are currently […]

Global Market Commentary

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 […]

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