Top Global Market Stories
By Boris Schlossberg, Market Drivers April 21, 2014 Japanese Trade Balance wider than expected Pound perks up on growth expectations, possible M&A flows Nikkei -0.03% Europe closed Oil $104/bbl Gold $1288/oz. Europe and Asia: JPY Trade Balance -1.71 vs. -1.27 North America: USD LEI 10:00 AM Its been a very quiet open to the week’s trade […]
Top Trade Ideas
The bullish movements in risk-sensitive assets like USDJPY and US equities have been ridiculed all the way up, which of course hasn’t stopped their moves higher. Major newswires have talking heads mentioning the idea of ‘needing a 10% correction’ or saying ‘this market is looking like a top’ and so forth. While this kind of […]
MT4 Trading & Education
Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 5 minute video, I’m going to show you how to interpret backtesting results in MetaTrader 4. You can follow along using a free OANDA demo account by clicking the link below this video. Register For A Free OANDA Demo Account Video Script: Before we […]
By Ilya Spivak,
- EUR/USD Technical Strategy: Pending Short
- Support: 1.3835 (23.6% Fib exp.), 1.3793 (38.2% Fib exp.)
- Resistance: 1.3905 (Apr 11 high)
The Euro continues to tread water above near the 1.38 figure against the US Dollar, with back-to-back indecision candles offering mixed direction cues. A daily close below the 38.2% Fibonacci expansion 1.3793 initially exposes the 50% level at 1.3758. The first layer of significant resistance is at 1.3905, the April 11 swing high.
We continue to look for a selling opportunity in line with our long-term fundamental outlook but doing so at current levels is unattractive from a risk/reward perspective as prices hover just above near-term support. As such, we will remain flat until an actionable setup presents itself.
Bitcoin prices barely changed in the last 24 hours. On BTC-E, we opened at $486. After a failed break above the $500 mark, we are currently trading 50 cents above the daily open at $486.50. Prices are slightly higher on BitStamp at $496.53 for one bitcoin. Major online retailer Amazon.com declined to introduce a bitcoin […]