Today is Fri, October 9, 2015 11:19:12 GMT
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Top Global Market Stories

Oil Lower After Rise in Inventories

Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in U.S. inventory levels dented some of the recent optimism that the oversupply plaguing the market could soon vanish. U.S. crude stocks rose by 3.1 million barrels to 461 million last week as refineries cut output and idled capacity. Analysts […]

    Top Trade Ideas

    Top trade idea for October 8th, 2015 – GBPJPY

    The gbpjpy cross is offering the possibility to trade a double combination to the upside and we do have a flat as the first correction, then a small x wave, only for market to form now either another flat (in which case the whole pattern is going to be called a double flat) or a […]

    MT4 Trading & Education

    How To Trade The Parabolic SAR in MT4

    Hi, this is Shaun Overton with and 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 October 8th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Still Stuck in Quiet Consolidation Within Triangle Chart Formation
    • Short Position Favored in Line with Long-Term Bias But Setup Still Absent

    The Euro remains locked between the narrowing boundaries of a Triangle chart pattern as prices await a clear-cut directional spark. Prices lost momentum after hitting a seven-month high against the US Dollar in late August and have been unable to find lasting follow-through since.

    Triangle top resistance is now at 1.1269. A daily closeabove this barrier clears the way for a challenge of the September 18 high at 1.1459. Alternatively, a dropbelow Triangle floor support – now at 1.1117– opens the door for a test of rising trend line set support set from mid-March, currently at 1.1018.

    Needless to say, near-term positioning remains inconclusive. The multi-year trend continues to favor the downside however. With that in mind, we will continue to wait for a selling opportunity in line with the long-term trajectory, waiting on the sidelines in the interim.

    EUR/USD Technical Analysis: Waiting for Clear-Cut Breakout

    bitcoin brokers

    Bitcoin Fenced by Double Top and Double Bottom

    Bitcoin traded mostly flat today, with some bearish bias. We kept skirting on the $240 figure all day. We already had two bounces here, once at $239.76, then at $240.25. Prices are again at this level, quoted at $240.37 dollars per coin right now. In the past three days we’ve seen bigger declines on the […]

    Global Market Commentary

    US Markets Lower Ahead of FOMC Minutes

    U.S. futures are lower ahead of the open on Thursday, tracking losses in Asia and Europe, as investors look ahead to the release of last month’s FOMC minutes, as well as the latest Bank of England decision and minutes, and minutes from last month’s European Central Bank meeting. We appear to be seeing some profit […]

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