Today is Tue, July 7, 2015 16:30:09 GMT
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Top Global Market Stories

Oil Prices Fall after Greece Vote

Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the Greek referendum put in doubt its continued place in the single currency, pulling down the euro […]

Top Trade Ideas

Top Trade Idea for July 3rd, 2015 – Sell AUD/NZD

It’s been a lousy week for milk prices but arguably and even worse one for iron ore. This together with today’s soft Aussie retail sales figure has seen $A lose ground against the Kiwi from what looks as though it could be a significant turning point. Weekly Chart A longer term look at AUDNZD shows […]

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 July 7th ,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0968, 1.0818, 1.0661
  • Resistance:1.1056, 1.1277, 1.1466

The Euro rose to erase some of its weekly open gap but failed to reclaim a foothold above a trend line set from mid-April against the US Dollar. A daily close below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion) exposes the May 27 low at 1.0818. Alternatively, a push above the trend line at 1.1056 opens the door for a challenge of the June 29 high at 1.1277.

Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

EUR/USD Technical Analysis: Key Support Below 1.10 Mark

Bitcoin

bitcoin brokers

Bitcoin Still Struggling with $270 Dollars

Bitcoin is still struggling to break the resistance at $270 dollars per coin. Today we traded as high at $272 dollars before the sellers regained the momentum and pushed prices back below the $270 mark. We are currently quoted at $265.65 on BTC-E, very close to the day’s open at $266 dollars. On OKCoin, one […]

Global Market Commentary

Chart Of The Day For July 7th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1056, 1.1277, 1.1466 The Euro rose to erase some of its weekly open gap but failed to reclaim a foothold above a trend line set from mid-April against the US Dollar. A daily close below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci […]

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