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Top Global Market Stories

Brent Oil Steady Around $86 as Many Consider Market Oversold

Brent crude oil rose above $86 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. Oil has lost more than a fifth of its value since June on heavy oversupply, signs of weak demand growth and […]

Top Trade Ideas

Top Trade Idea For October 17th, 2014 – EUR/NOK

Lower oil prices are bad news for Norway but good news for the Eurozone. This makes EURNOK sensitive to oil prices which have every chance of remaining volatile for a while yet. With that in mind this triangle formation might be useful for traders. A run up to and rejection of the triangle resistance could […]

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 October 17th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2750, 1.2619, 1.2500
  • Resistance:1.2852, 1.3070, 1.3246

The Euro recovered against US Dollar as expected after putting in a bullish Piercing Line candlestick pattern. A daily close above the 23.6% Fibonacci retracementat 1.2852 exposes the 38.2% level at 1.3070. Alternatively, a turn back below the October 13 close at 1.2750 opens the door for a test of the October 1 close at 1.2619.

We took profits on a Euro short position last week and will aim to re-enter the trade in line with ourlong-term fundamental outlook when the opportunity presents itself. The absence of a defined bearish reversal signal suggests pulling the trigger is premature for now.

EUR/USD Technical Analysis: Rebound Stalls Above 1.28

Bitcoin

bitcoin brokers

Bitcoin Down $5 in Slow Weekend Session

Bitcoin is trading down $5 dollars in a slow weekend session. The daily range has shrunk from yesterday’s 14 to a mere 9 points today. But the lower volatility is not solely due to the weekend. The 20 Day Daily Range has fallen from $32 dollars on October 7th to $25 dollars today. After a […]

Global Market Commentary

Data, earnings and speeches to test bullish sentiment

Markets rally after monumental effort on Thursday; S&P looking more bullish after 10% correction; Economic data, earnings and speeches to test new bullish sentiment; Yellen speech could stir things up again in the markets. Equity markets are finally back in the green on Friday, following more than a week of extreme negativity that saw the […]

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