WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Divorce European Style, Brexit Talks Pummel Sterling

Posted by Joseph Trevisani on Aug 31, 2017 5:46:37 PM

Sterling fell to its lowest level in a week as the negotiations over the British departure from the European Union ended without agreement, raising the possibility that the relationship could end without a defined settlement in 2019.


US Second Quarter Growth Revised Higher to 3%

Posted by Joseph Trevisani on Aug 30, 2017 2:52:29 PM

U.S. second-quarter growth expanded at the fastest pace in more than two years powered by household consumption and business investment and giving the economy a strong entrance into the second half of the year.


Treasury Yields and Dollar Slip as North Korea Launches Over Japan

Posted by Joseph Trevisani on Aug 29, 2017 1:35:55 PM

North Korea fired a ballistic missile over Japan's northern island of Hokkaido reigniting tensions over the nation's nuclear and weapons programs just days after retreating from a threat to the U.S. territory of Guam.


US FX Market Open –Tuesday August 29, 2017: EUR/USD breezes through 1.2000-50

Posted by Marge Maresca on Aug 29, 2017 10:22:29 AM

EUR/USD's fast rise is a bullish sign
The ease at which EUR/USD is rising is a strong sign of more gains to come. Traders have been hesitant to turn long EUR/USD and this has led to a sustainable rise. Bets on a EUR/USD rally via cash are a mere 9 billion euros compared to bets on a EUR/USD fall in late 2014 which swelled to a much larger size of around 25 billion. Economists and analysts have shared traders lack of belief in a big EUR/USD rise. Furthermore the rapid break of 1.2000 makes it quite clear that options traders are also ill-prepared for a rise to these levels. While FX traders are poorly positioned, the current weak spot for stocks is fuel for a higher EUR. The single currency has fared well during risk averse periods and is supported by a huge current account surplus which. This position is held by USTs in bond markets where demand is driving down yields and weighing the USD.


Topics: US FX Market Open

Euro Soars on Draghi Reticence, Dollar Woes

Posted by Joseph Trevisani on Aug 28, 2017 4:55:05 PM

The euro reached a two-and-a-half year high against the dollar on Monday after European Central Bank President Mario Draghi offered no hints on future bank policy in speeches last week and the Texas coast and Houston suffered serious damage from Hurricane Harvey.


Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!