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Top Global Market Stories

Oil Bounces Again on Middle East Turmoil

Oil prices rose as much as 3 percent on Tuesday as tensions in the Middle East escalated following the downing of a Russian fighter jet near the Syrian-Turkish border, and a weaker dollar provided an incentive for investors to buy more oil. Brent futures for January were up 96 cents at $45.79 a barrel at […]

    Top Trade Ideas

    Top trade idea for November 24th, 2015 – USD/CAD

    Trading opportunities for currency pair: the USD/CAD rate has returned to the 1.3370 resistance. A strengthening of the rate to 1.3456 is expected before the FOMC convenes with the rate carrying on afterwards to 1.3577. Any growth will cease after a break in the trend line from the 1.2831 minimum. Background The last idea I […]

    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 October 27th, 2015 – EUR/USD

    Talking Points:

    • EUR/USD Technical Strategy: Short at 1.1057
    • Break of 7-Month Trend Line Support Hints Long-Term Euro Down Trend Resuming
    • Short Trade Triggered, Initially Targeting Move Back Below 1.10 Figure vs. US Dollar

    The Euro looks to be resuming its long-term down trend against the US Dollar after a break of support marked by a rising trend line set from mid-March. Prices topped and turned lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern.

    From here, a daily close below the October 23 low at 1.0996 opens the door for a test of double bottom support marked by the May 27 bottom at 1.0818. Alternatively, a move back above the trend line and horizontal support-turned-resistance at 1.1118 clears the way for a challenge of the 38.2% Fibonacci retracement at 1.1187.

    We will now enter short, initially targeting 1.0996. A stop-loss will be activated on a daily close above 1.1118. We will take profit on half of the position and trail the stop-loss to the breakevenlevel once the first objective is reached.

    EUR/USD Technical Analysis: Short Trade Triggered Sub-1.11

    bitcoin brokers

    Bitcoin Black Friday Back in Focus

    Bitcoin is trading down by 1 percent today. On OKCoin we opened at $323.09 and after an initial dip to $315.04 prices stabilized around the $320 figure again. We are currently quoted at $319.76 on this exchange, down by $3.3 dollars in today’s trading session. On rival exchange BTC-E we closed lower by $1.74 dollars […]

    Global Market Commentary

    USD/CAD Loonie Flies Higher After Oil and Gold Rally

    Turmoil in the Middle East as Turkey Downs Russian Aircraft Geopolitical tension triggered a surge in crude prices after Turkey confirmed it had shot down a Russian warplane that it alleged was entering Turkish airspace and refused to communicate. The USD/CAD depreciated as the Loonie was supported by the higher price of crude. The USD […]

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