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.
Oct 6, 2023: The Reserve Bank of India’s key lending rate was held steady at a fourth consecutive policy meeting on Friday, as widely expected, but signalled it would keep liquidity tight using bond sales to bring inflation closer to its 4% target. The country’s monetary policy committee (MPC) kept the repo rate unchanged at…
Oct 6, 2023: Bitcoin (BTC) experienced a minor increase of 0.24% within the last day, according to CoinStats data released on Thursday. However, the cryptocurrency continues to demonstrate a bearish momentum on an hourly chart. It broke through the latest support level at $27,560, indicating a possible decline to $27,000 if daily trading ends below…
Oct 5, 2023: Wall Street’s key indexes fell at the open on Thursday as data showed a lower-than-expected rise in weekly jobless claims and U.S. Treasury yields held on to recent highs. The Dow Jones Industrial Average fell 30.32 points, or 0.09%, at the open to 33,099.23. The S&P 500 opened lower by 4.44 points,…
Oct 5, 2023: The U.S. dollar edged lower Thursday after weak employment data resulted in a moderation in U.S. Treasury yields, while the euro gained despite the weak economic outlook. At 03:40 ET (07:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 106.442, just…
Oct 5, 2023: The Russian rouble hovered around 99.5 to the dollar on Thursday, struggling to pull away from the 100 threshold it breached earlier this week, hurt by reduced foreign currency supply from exporters early in the month. At 0818 GMT, the rouble was unchanged against the dollar at 99.60 and steady at 104.72…
