Today is Fri, December 19, 2014 13:22:43 GMT
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Top Global Market Stories

Will Negative Swiss Rates Reduce CHF Demand?

SNB goes negative in January Market assess policy moves by Fed and SNB EUR under pressure from intervention demands Yen bears relieved with higher U.S. yields Over the past 24 hours, capital markets have managed to navigate the last of the significant central bank scheduled meetings for this calendar year with the conclusion of the […]

Top Trade Ideas

Top Trade Idea For December 18th, 2014 – AUDUSD

Yesterday’s FOMC decision and press conference was followed by a US dollar buying mood all over the dashboard as the Fed basically gave a timing for the possible future rate hike: a couple of more meetings away. However, if I were to pick an opposite view, I would pick audusd as a good candidate, and […]

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 December 19th,2014 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2246, 1.2173, 1.2080
  • Resistance:1.2324, 1.2418, 1.2569

The Euro continued downward for a second day against the US Dollar, with prices now threatening December’s swing bottom. Near-term support is at 1.2246-49, the December 8 low and the 50% Fibonacci expansion, with a break below that exposing the 61.8% level at 1.2173. Alternatively, a reversal above the 38.2% Fib at 1.2324 clears the way for a test of the 23.6% expansion at 1.2418.

Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests that taking up the long side is premature. With that in mind, we will remain flat for now.

EUR/USD Technical Analysis: December Lows Under Pressure

Bitcoin

bitcoin brokers

Bitcoin Retests $300, Lawsky Announces Changes to BitLicense

Bitcoin is making another move for the $300 round figure. Earlier today, prices got as low as $304.98 before recovering somewhat. We are currently trading slightly above the lows at $308.65 on BTC-E. Prices are slightly higher on OKCoin and BitStamp at $310 a piece. Today’s trading session may be decisive in determining whether the […]

Global Market Commentary

Chart Of The Day For December 19th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.2246, 1.2173, 1.2080 Resistance:1.2324, 1.2418, 1.2569 The Euro continued downward for a second day against the US Dollar, with prices now threatening December’s swing bottom. Near-term support is at 1.2246-49, the December 8 low and the 50% Fibonacci expansion, with a break below that exposing the 61.8% level at 1.2173. Alternatively, a reversal […]

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