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Top Global Market Stories

Oil Surges After Gasoline Boost

Crude oil prices rose more than 2 percent on Monday, bolstered by a rally in U.S. gasoline and Russia’s willingness to meet other major oil producers to discuss the market. Higher stock prices on Wall Street provided further support to oil and other dollar-denominated commodities. Global crude benchmark Brent rose by $1.35, or 2.7 percent, […]

    Top Trade Ideas

    Top trade idea for October 2nd, 2015 – GBP/AUD

    Australia is one of those countries where England is referred to as “the old enemy”. These days, thankfully, the reference is usually confined to sporting contents. Over the weekend, Rugby World Cup hosts the English Red Roses will play against the Australian Wallabies. We turn to GBP/AUD to determine a winner. No doubt there will […]

    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 September 25th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Flat
    • Euro Pausing to Digest Losses After Finding Support Above 1.11 Figure
    • Lackluster Follow-Through, Choppy Ranges Make for Inconclusive Setup

    The Euro paused to consolidate having declined as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. The pair has struggled with directional conviction since spiking to a seven-month high in late August. Seemingly noteworthy technical breaks have not found follow-through and sliding ATR readings are pointing to ebbing volatility.

    Looking ahead, a break below horizontal shelf support at 1.1113 exposes 1.1016, a barrier marked by a rising trend line in play since March and the August 18 low. Alternatively, a move above the September 24 high at 1.1296 clears the way for a challenge of the September 18 swing top at 1.1459.

    Positioning is inconclusive at this point. Prices are oscillating in an increasingly choppy range, offering no actionable trade setups to compel us to take a trade. With that in mind, we will remain on the sidelines and wait for greater clarity to emerge before establishing exposure.

    EUR/USD Technical Analysis: Searching for Follow-Through

    bitcoin brokers

    Bitcoin Higher Despite Auction Announcement

    Bitcoin is continuing the slow grind higher. Today we closed higher by over $2 dollars, from $236.12 to $238.28. We are currently quoted at $238.25 on BTC-E. The daily chart below shows a very slow but upward sloping trend higher. Today we broke the 10-day high at $237.69. We are now getting close to the […]

    Global Market Commentary

    Five Things Being Talked About Today

    Here are some of the things people in markets are talking about today. 1. European PMIs A Purchasing Managers’ Index for manufacturing and services in the Euro-area fell to 53.6 in September from 54.3 in August Markit Economics said in a report published this morning. The preliminary reading for September had shown a smaller drop […]

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