Top Global Market Stories
U.S. crude futures fell as much as $1 in early trade after Greece imposed capital controls as lenders refused to extend the country’s bailout and with western officials saying a deal on Iran’s disputed nuclear program might be hard to achieve. U.S. crude for August delivery had fallen 84 cents, or 1.4 percent, to $58.79 […]
Top Trade Ideas
On Monday, this blog piece laid out a strategy to go triple short EUR/USD. A key part of my overall strategy is identifying higher reward to risk ratios, and this set up ticks the box, with each entry risking between 50 and 100 points against potential gains of 500 to 900 points. The triple short […]
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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 […]
- EUR/USD Technical Strategy: Flat
- Support: 1.1127, 1.1054, 1.0964
- Resistance:1.1199, 1.1290, 1.1345
The Euro remains in consolidation mode after producing the largest daily drop in three months against the US Dollar. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above the 38.2% Fib at 1.1199 opens the door for a challenge of the 23.6% retracement at 1.1290.
Prices are wedged too closely between near-term support and resistance levels to justify taking a trade long-term Euro outlook from a risk/reward perspective. With that in mind, we will remain flat for now and wait for an actionable opportunity to present itself.
Bitcoin bounced at the $250 dollars mark, twice. The first attempt to break higher came in the early part of today’s trading session. Prices traded as high as $249.97 before falling back to a low of $247.03. Around mid-day the second attempt saw BTC/USD rally to $249.95 before eventually closing the day at $246 dollars […]