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 3, 2023: Japanese Finance Minister Shunichi Suzuki said on Tuesday that any decision on currency market intervention would be based on volatility, not specific yen levels, as investors brace for a possible move if the yen breaches the 150-per-dollar threshold. Authorities are watching the currency market closely and stand ready to respond, Suzuki said,…
Oct 2, 2023: Wall Street index futures were subdued on Monday ahead of comments from Federal Reserve officials including Chair Jerome Powell, while investors looked forward to more economic data this week to gauge the central bank’s interest-rate outlook. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m.…
Oct 2, 2023: A recent Harvard case study has delved into the business model of Ripple, a prominent player in the cryptocurrency market, and its potential impact on the company’s initial public offering (IPO) valuation. The study was conducted by researchers Yoffie, Wu, and von Bargen and was spotlighted by Crypto Eri on Monday. The…
Oct 2, 2023: The dollar was in the ascendant on Monday on the prospects that U.S. interest rates would stay higher for longer, while the yen slid towards 150 per dollar and near a one-year low, putting traders on watch for intervention from Japanese authorities. The yen eased to 149.83 per dollar, its weakest in…
Oct 2, 2023: Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned to a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored some risk appetite. Brent December crude futures rose $1.04 to $93.24 a barrel by 1124 GMT…
