Forex News
Are you looking to speculate that the Euro (EUR) currency will go up in value against the U.S. Dollar (USD)? To do so, you would trade (or place a spread bet on) the EUR/USD currency pair, which is a forex investment. The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week.
To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex broker will be best for you.
Each year, our team here at ForexBrokers.com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for 2023.
Nov 20 2024: Consumer inflation in the UK rose sharply in October, surpassing expectations and climbing back above the Bank of England’s (BoE) 2% target, potentially complicating the path for future interest rate cuts. Key Inflation Data: Annual CPI: Increased to 2.3% from 1.7% in September, exceeding the forecast of 2.2%. Monthly CPI: Jumped by 0.6%,…
Nov 20 2024: The U.S. dollar fell to a one-week low against major peers on Wednesday, extending a three-day decline as the market took a breather following a rally sparked by Donald Trump’s election. Market Dynamics: The dollar index dropped to 106.07, recovering slightly to 106.27 by 06:03 GMT, supported by a weakening yen. Last week,…
Nov 20 2024: Oil prices remained largely unchanged for the second consecutive day on Wednesday, as rising geopolitical tensions and signs of increased Chinese crude imports offset concerns about growing U.S. crude inventories. Key Market Movements: Brent crude futures slipped 5 cents to $73.26 per barrel by 05:41 GMT. West Texas Intermediate (WTI) crude held steady…
Nov 20 2024: Bitcoin stabilized near $92,000 on Wednesday, following a record high of nearly $94,000 earlier this week. Optimism around the potential for crypto-friendly U.S. regulations under President-elect Donald Trump continues to support market sentiment. The leading cryptocurrency rose 0.6% to $92,074.4 by 00:13 ET (05:13 GMT), though its recent momentum has slowed as markets…
Nov 20 2024: Asian shares traded cautiously on Wednesday as investors awaited Nvidia’s highly anticipated third-quarter earnings, with risks of a potential market reaction. The dollar steadied after three consecutive sessions of losses, remaining near a one-week low. Nvidia, the world’s most valuable semiconductor company, is set to announce its results after the market close. Shares…
