Today is Fri, February 27, 2015 10:24:43 GMT
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Top Global Market Stories

West TX Oil Down Near $48 on Rising U.S. Inventories

Ample global supply and increasing U.S. commercial inventories weighed on U.S. crude prices on Thursday after expectations for better demand going forward lifted prices a day earlier, traders and analysts said. U.S. crude settled 5.5 percent lower, or $2.82, at $48.17 a barrel, following a more than 3 percent gain in the previous session. Brent […]

Top Trade Ideas

Top Trade Idea For February 26th, 2015 – EURGBP

Even though it looks really ugly, the above five waves structure is about to end, if not already ended with a falling wedge in the shape of an impulsive move. I know that the 2-4 trend line is not broken yet, but what really matters is the structure of all those waves of a lower […]

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 February 26th,2015 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.1276, 1.1185, 1.0970
  • Resistance:1.1533, 1.1659, 1.1832

The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern. A daily close above the February 3 high at 1.1533 exposes the 38.2% Fibonacci retracement at 1.1659. Alternatively, a reversal below the 1.1276-1318 area (January 30 close, 14.6% Fib expansion) opens the door for a challenge of the 23.6% threshold at 1.1185.

We expect any on-coming EURUSD strength to be corrective, in line with our long-term outlook. With that in mind, we will treat upside momentum as an opportunity to enter short at a more attractive level and remain on the sidelines in the interim.

EUR/USD Technical Analysis: Flat-Lining Above 1.12 Figure

Bitcoin

bitcoin brokers

Bitcoin Still at $230, BitStamp Lowers Fees

Bitcoin continues to trade flat for a 4th day in a row. Prices are again flip-flopping around $230 per coin. Today’s high stands at $232.14 and the low at $228.12. The daily range was only $4.04 dollars and the 20 day average has fallen further to $11.51. With the general lack of market moving news […]

Global Market Commentary

GBP and EUR Data Gets Little Market Reaction

Yellen gives nothing away Investors prefer to wade out the month German debt print record low yields Bring on ECB and NFP It appears that the global investor is showing little reaction to Fed Chair Yellen’s second day of testimony on the hill yesterday. She provided no new hints on the timing or pace of […]

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