Today is Fri, May 29, 2015 21:21:48 GMT
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Top Global Market Stories

West TX Oil Near $57.50 as U.S. Production Rises

U.S. oil scored modest gains on Thursday on news that U.S. crude stocks fell for a fourth week, suggesting the U.S. market was rebalancing after a long period of oversupply. U.S. crude closed up 17 cents, or 0.3 percent, at $57.68 a barrel. Front-month Brent was 40 cents higher at $62.50 a barrel, after earlier […]

Top Trade Ideas

Top Trade Idea for May 29th, 2015- AUD/JPY

When two countries are competing for global demand via weakening currencies, who will be the first to blink? The country with the stronger economy…… AUD/JPY this week is a tale of two data sets. In Japan, the jobless rate is lower than expected, inflation is higher (good news when deflation haunts the economy) and industrial […]

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 May 29th,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0804, 1.0647, 1.0394
  • Resistance:1.0930, 1.1056, 1.1213

The Euro may be preparing to turn higher against the US Dollar following the appearance of a bullish Morning Star candlestick pattern. A daily close above the 14.6% Fibonacci expansion at 1.0956 exposes the 23.6% threshold at 1.1042. Otherwise, a turn below the 61.8% level of an alternate Fib expansion setup at 1.0804 opens the door for a challenge of the 76.4% barrier at 1.0647.

Ourlong-term outlook calls for broad-based Euro weakness. With that in mind, we will treat any on-coming gains as corrective and wait for the move higher to offer a selling opportunity. In the meantime, we will remain on the sidelines.

EUR/USD Technical Analysis: Euro Recovery Signaled Ahead

Bitcoin

bitcoin brokers

Bitcoin Edges Closer to Decision Time

Bitcoin is nearing decision time as the daily range continues to drop. Today we hit a new multi-year low of only $2.11 dollars. After opening at $238.34 we slowly moved up to $239.99, then drifted to the downside to hit the daily low at $237.87. We closed at $239.21, just 87 cents above the open. […]

Global Market Commentary

Top Trade Idea for May 29th, 2015- AUD/JPY

When two countries are competing for global demand via weakening currencies, who will be the first to blink? The country with the stronger economy…… AUD/JPY this week is a tale of two data sets. In Japan, the jobless rate is lower than expected, inflation is higher (good news when deflation haunts the economy) and industrial […]

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