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.
Sep 22, 2023: British retail sales were 0.4% higher in August than in a rain-soaked July, figures from the Office for National Statistics showed on Friday, adding to signs that the country’s consumers were mostly coping with the cost-of-living squeeze. Economists polled by Reuters had forecast that sales volumes would rise by 0.5% on the…
Sep 22, 2023: Turkey’s central bank raised its key interest rate by a lofty 500 basis points to 30% on Thursday, marking a second month of aggressive tightening after President Tayyip Erdogan set aside his long opposition to tight policy. The bank reiterated it is ready to raise rates further as needed to rein in…
Sep 21, 2023: The pound and Swiss franc tumbled on Thursday after the British and Swiss central banks kept rates unchanged, while the dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer. The yen, meanwhile, was at its lowest since November before Friday’s Bank of Japan…
Sep 21, 2023: Most Asian stocks sank on Thursday as the prospect of higher U.S. interest rates crimped the appeal of risk-driven assets, with focus now turning to more upcoming central bank rate decisions in the region. Technology stocks were the worst hit, tracking overnight declines in their U.S. peers after the Federal Reserve held…
Sep 21, 2023: Oil prices fell in Asian trade on Thursday as the Federal Reserve’s warning on higher U.S. interest rates saw investors lock-in more recent profits, although expectations of tight supply still presented a positive outlook for crude. Concerns over higher rates saw West Texas Intermediate crude futures (WTI) lose the $90 per barrel…
