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Top Global Market Stories

West TX Oil Below $57 after Progress on Iran Nuclear Deal

Reports that foreign ministers will review draft text of an Iran nuclear deal are “very premature and not accurate,” a senior U.S. official told NBC News on Wednesday. Earlier, U.S. crude broke below its two-month trading band earlier on reports that an Iranian diplomat said technical experts from Iran and six world powers had finished […]

Top Trade Ideas

Top Trade Idea For July 1st, 2015 – USD/CHF

The constant barrage of Greek headlines continues unabated, with the latest batch of rumors suggesting variously that the “no” votes for this weekend’s referendum are gaining momentum, that the Greek government will cancel this weekend’s referendum, that a breakthrough deal between Greece and her creditors is imminent, and that the two sides are further apart […]

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 2nd ,2015 – EUR/USD

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0964, 1.0818, 1.0682
  • Resistance:1.1054, 1.1127, 1.1199

The Euro is facing renewed downward pressure after soaring to close the weekly opening gap against the US Dollar. Near-term support is at 1.0964, the 76.4% Fibonacci retracement, with a break below that on a daily closing basis exposing the May 27 low at 1.0818. Alternatively, a reversal back above the 61.8% Fib at 1.1054 clears the way for a test of the 50% retracement at 1.1127.

The available trading range is too narrow to justify entering a trade in line with our long-term Euro 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: Sellers Aim Below 1.10 Figure

Bitcoin

bitcoin brokers

Bitcoin Experiences 5 Percent Retracement

After hitting the $270 level yesterday, bitcoin experienced a significant retracement. Prices fell from a high of $269.30 to a low of $254.99 today. This is a fall of $14 dollars or just over 5 percent, in less then 24 hours. We are currently testing the June 17th high at $256.75 dollars. Earlier attempts to […]

Global Market Commentary

Chart Of The Day For July 2nd ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0964, 1.0818, 1.0682 Resistance:1.1054, 1.1127, 1.1199 The Euro is facing renewed downward pressure after soaring to close the weekly opening gap against the US Dollar. Near-term support is at 1.0964, the 76.4% Fibonacci retracement, with a break below that on a daily closing basis exposing […]

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