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Top Global Market Stories

Data heavy day ahead with focus on UK, US and Germany

Fed takes more cautious approach on rates and retains “considerable time” pledge; German Ifo surveys and UK retail sales the focus this morning; Lots of US data to come later including jobless claims and PMI readings. Investors were given a small boost overnight which is driving index futures higher ahead of the open as the […]

Top Trade Ideas

Top Trade Idea For December 18th, 2014 – AUDUSD

Yesterday’s FOMC decision and press conference was followed by a US dollar buying mood all over the dashboard as the Fed basically gave a timing for the possible future rate hike: a couple of more meetings away. However, if I were to pick an opposite view, I would pick audusd as a good candidate, and […]

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 18th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2324, 1.2249, 1.2173
  • Resistance:1.2418, 1.2569, 1.2676

The Euro turned sharply lower against the US Dollar, with sellers reclaiming a foothold below the 1.24 figure. A daily close below the intersection of falling wedge top resistance-turned-support and the 38.2% Fibonacci expansion at 1.2324 exposes the 50% level at 1.2249. Alternatively, a turn above the 23.6% Fib at 1.2418 opens the door for a challenge of the December 16 high at 1.2569.

Risk/reward considerations argue against entering short with prices in close proximity to support. On the other hand, the absence of a defined bullish reversal signal suggests taking up the long side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.

EUR/USD Technical Analysis: Prices Retreat Below 1.24 Mark

Bitcoin

bitcoin brokers

Bitcoin Retests $300, Lawsky Announces Changes to BitLicense

Bitcoin is making another move for the $300 round figure. Earlier today, prices got as low as $304.98 before recovering somewhat. We are currently trading slightly above the lows at $308.65 on BTC-E. Prices are slightly higher on OKCoin and BitStamp at $310 a piece. Today’s trading session may be decisive in determining whether the […]

Global Market Commentary

Data heavy day ahead with focus on UK, US and Germany

Fed takes more cautious approach on rates and retains “considerable time” pledge; German Ifo surveys and UK retail sales the focus this morning; Lots of US data to come later including jobless claims and PMI readings. Investors were given a small boost overnight which is driving index futures higher ahead of the open as the […]

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