Today is Fri, March 6, 2015 10:28:05 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Top Global Market Stories

Higher Volatility Driving Investing Into Oil Funds

Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. Five of the biggest oil ETFs have seen their assets more than quadruple since July to $5.4 billion as the oil market […]

Top Trade Ideas

Top trade idea for March 5th, 2015

Hunting the second wave of a falling wedge pattern and this kind of correction should take the most time in the whole five waves structure and, more importantly, it should break the previous lows. This means we should see a move below the 130 level, where the previous 1st wave ends and it also means […]

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 March 5th,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0970, 1.0796, 1.0623
  • Resistance:1.1185, 1.1318, 1.1533

The Euro moved sharply lower against the US Dollar, with prices descending to the lowest level in over 11 years. A daily close below the 38.2% Fibonacci expansionat 1.0970 exposes the 50% level at 1.0796. Alternatively, a reversal above the 23.6% Fib at 1.1185 clears the way for a test of the 1.1276-1318 area (January 30 close, 14.6% Fib expansion).

Entering short in line with our long-term outlook seems compelling from a purely technical perspective but will tactically opt to stay flat. The upcoming US Employment report represents major event risk for USD-based pairs that may derail technical positioning. As such, we will wait for event risk to pass before establishing new exposure.

EUR/USD Technical Analysis: Euro Slumps to 11-Year Low

Bitcoin

bitcoin brokers

Bitcoin Retraces, OKCoin Lowers Fees

Bitcoin retraced some of the gains from the rally. During the last 2 hours of yesterday’s trading session, BTC fell from $275 to $261 per coin, eventually closing the day at $264.66. Today we are trading more or less unchanged with BTC/USD quoted at $266.77 on BTC-E. As usual, prices are trading at a slight […]

Global Market Commentary

Will Super Mario Stand and Deliver on QE?

Will Draghi change market’s assessment of QE? QE program details expected USD on a high as European yields tank EUR positioning pushes currency to new lows Markets are waiting to scrutinize European Central Bank (ECB) President Mario Draghi’s every word in a couple of hours. Investors and dealers want to know if he will say […]

Breaking News

Global Markets

USD
USD
EUR
EUR
GBP
GBP
JPY
JPY
Gold
Gold
Exotics
Exotics
CHF
CHF
AUD
AUD
NZD
NZD
CAD
CAD
Oil
Oil
 
Complete Calendar
Free Expert Advisors by email