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Top Global Market Stories

Traders turn to US data and earnings after eurozone boost

World cup and good weather gives PMI readings a boost; UK retail sales slip in June but business investment cushions the blow; 50 S&P 500 companies due to report on what has so far been a very good third quarter; Plenty of data being released for traders to get their teeth stuck into. US futures […]

Top Trade Ideas

Top Trade Idea For July 24th, 2014 – EURGBP

I would like to take a look at the eurgbp cross this week as it is forming/ending one of the most complex forms of correction on this four hours chart you can see above and from my point of view that is a nice risk reward ratio to get out of this setup. I am […]

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 24th, 2014 – EUR/USD

  • EUR/USD Technical Strategy: Short at 1.3644
  • Support: 1.3454, 1.3396, 1.3324
  • Resistance:1.3502-12, 1.3583, 1.3633

The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are testing support at 1.3454, the 50% Fibonacci expansion. A daily close below this boundary initially exposes the 61.8% level at 1.3396. Alternatively, a move back above the 1.3502-12 area, marked by the 38.2% Fib and the June 5 low, clears the way for a test of the 23.6% expansion at 1.3583.

We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The stop-loss on our remaining exposure has been moved to the breakeven level.

EUR/USD Technical Analysis: Digesting Losses at 8-Month Low

Bitcoin

bitcoin brokers

Bitcoin Breaks Below $600

After three weeks spent trading aimlessly in a range, BTC/USD finally broke below the important $600 figure today. The move below $600 lead to quick BTC losses and the crypto soon found itself trading at a low of $578. From here, we rallied a bit and we are currently quoted at $593 a piece on […]

Global Market Commentary

Traders turn to US data and earnings after eurozone boost

World cup and good weather gives PMI readings a boost; UK retail sales slip in June but business investment cushions the blow; 50 S&P 500 companies due to report on what has so far been a very good third quarter; Plenty of data being released for traders to get their teeth stuck into. US futures […]

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