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Top Global Market Stories

West TX Oil Edges Higher But Outlook Weak

Oil recovered to about $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook. The bounce came as a weaker dollar and a rally in Chinese equities helped commodities post gains following a steep slide […]

    Top Trade Ideas

    Top trade idea for July 31st, 2015 – GBP/CAD

    Last week GBPCAD arrived at a swing equivalent level where the last swing (“CD”) was the same size as the swing leading into it (“AB”). It’s quite common for trends to end at this point, setting up for a significant correction. The uptrend in GBPCAD had been losing momentum as it approached this swing equivalent […]

    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 August 4th ,2015 – EUR/USD

    • EUR/USD Technical Strategy: Flat
    • Support: 1.0888, 1.0814, 1.0740
    • Resistance:1.0980, 1.1036, 1.1128

    The Euro is digesting losses after turning lower against the US Dollar as expected following the appearance of a bearish Evening Star candlestick pattern. A daily close below the 38.2% Fibonacci expansionat 1.0888 exposes the 1.0814-18 area (50% level, May 27 low). Alternatively, a move above the 23.6% Fib at 1.0980 opens the door for a challenge of the 14.6% expansion at 1.1036.

    The available trading range is too narrow to justify entering a trade in line with our long-term outlookfrom a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

    EUR/USD Technical Analysis: Support Below 1.09 in Focus

    bitcoin brokers

    Bitcoin Clocks Small Gains as Summer Takes Hold

    Bitcoin edged up smaller gains today as the slow summer season takes hold. We opened at $279.79, fell to $276.89 before rallying to $282.18. Prices closed off the session at $281.52, a gain of $1.73 dollars. We are currently quoted somewhat weaker at $280.52 on BTC-E. On rival exchange OKCoin BTC/USD opened at $282.59, fell […]

    Global Market Commentary

    Commodities Eyed as Rout Continues

    The rout in commodity markets will remain front and centre on Tuesday, as a lack of economic data leaves investors solely focused on the rapid sell-off. That said, this is a very busy week as a whole so investors are likely to be more than aware of what’s to come, most notably Friday’s US jobs […]

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