Today is Thu, November 27, 2014 10:08:58 GMT
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Top Global Market Stories

OPEC Mixed on Oil Production Cuts as Shale Threat Rises

The two main drivers of the price of oil have been an increase of production in the U.S. with the use of shale oil technology, and a lower demand for energy as global growth slows. Geopolitical turmoil has taken a backseat to those two factors. Even rising violence in oil producing states has not deeply […]

Top Trade Ideas

Top Trade Idea For November 26th, 2014 – EUR/JPY

Today it is all about the dollar as three days’ worth of US macroeconomic pointers will be published in the space of just a few hours to avoid conflicts with Thursday’s Thanksgiving holiday. The US data dump could lead to a volatile afternoon session for the major currency pairs denominated in the buck. Speculators who […]

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 November 26th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.2710
  • Support: 1.2360, 1.2213, 1.1974
  • Resistance:1.2535, 1.2599, 1.2770

The Euro managed to claw some lost territory against the US Dollar after find support below the 1.24 figure. Near-term support is in the 1.2357-60 area, marked by the November 7 low and the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 23.6% level at 1.2213. Alternatively, a turn above trend line resistance at 1.2535 clears the way for a challenge of the November 19 high at 1.2599.

We entered short EURUSD at 1.2710 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest of the trade remains open to capture any further downside momentum with a stop-loss at breakeven (1.2710).

EUR/USD Technical Analysis: Support Below 1.24 Holding

Bitcoin

bitcoin brokers

Bitcoin Trading Little Changed as Range Narrows

Bitcoin is trading little change today. Prices opened at $371 and after a very small move to $374 we fall back down to a low of $362. We are currently quoted just below the $365 mark at $364.80. Prices are higher on OKCoin at $369 and BitStamp at $367 per coin. Here’s a one hour […]

Global Market Commentary

Quiet day sees focus upon overall market sentiment

Quiet day sees focus upon overall market sentiment US GDP and consumer confidence paint alternate pictures UK GDP ahead. European markets are expected to move higher this morning, following a largely positive session overnight in Asia. The inability of the US markets to reach fresh highs did little to dampen investor sentiment elsewhere despite a […]

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