Today is Thu, November 26, 2015 12:05:11 GMT
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Top Global Market Stories

Iran’s Oil Reserves Await Reentry into Global Market

In a remote corner of Iran, engineers are working round the clock to return the country to the top ranks of global oil producers. The region of Southwest Iran boasts more proven reserves of oil than Africa’s largest producer, Nigeria, and its 60 billion barrels are central to Iran’s ambitions. Drilling is nearly complete in […]

    Top Trade Ideas

    Top trade idea for November 24th, 2015 – USD/CAD

    Trading opportunities for currency pair: the USD/CAD rate has returned to the 1.3370 resistance. A strengthening of the rate to 1.3456 is expected before the FOMC convenes with the rate carrying on afterwards to 1.3577. Any growth will cease after a break in the trend line from the 1.2831 minimum. Background The last idea I […]

    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 27th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Short at 1.1057
    • Break of 7-Month Trend Line Support Hints Long-Term Euro Down Trend Resuming
    • Short Trade Triggered, Initially Targeting Move Back Below 1.10 Figure vs. US Dollar

    The Euro looks to be resuming its long-term down trend against the US Dollar after a break of support marked by a rising trend line set from mid-March. Prices topped and turned lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern.

    From here, a daily close below the October 23 low at 1.0996 opens the door for a test of double bottom support marked by the May 27 bottom at 1.0818. Alternatively, a move back above the trend line and horizontal support-turned-resistance at 1.1118 clears the way for a challenge of the 38.2% Fibonacci retracement at 1.1187.

    We will now enter short, initially targeting 1.0996. A stop-loss will be activated on a daily close above 1.1118. We will take profit on half of the position and trail the stop-loss to the breakevenlevel once the first objective is reached.

    EUR/USD Technical Analysis: Short Trade Triggered Sub-1.11

    bitcoin brokers

    Bitcoin Higher by $8 Dollars

    Bitcoin is trading higher by $8 dollars today. On BTC-E we opened at $318.37 and stayed flat for most of the day until a mid-day spike took prices to $323.69. This was followed by a second leg higher in the next few hours and by the end of the session BTC was trading at $324.56. […]

    Global Market Commentary

    USD/CAD Loonie Flat Despite Strong US Economic Data

    The USD/CAD was mostly flat as the strong U.S. economic data was cancelled by the surge in oil prices. The pair is trading at 1.3304 and is trading in a tight range ahead of the Thanksgiving holiday in the States. The U.S. jobless claims posted today instead of Thursday to account for the holiday came […]

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