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.
Gloomy business activity data from the euro area and Britain sent the euro and pound tumbling against the dollar on Wednesday, pushing the greenback to its highest level in two months. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the euro area, compiled by S&P Global (NYSE:SPGI), dropped to 47.0 in August from July’s 48.6,…
Most Asian currencies rose slightly on Wednesday tracking some signs of economic resilience in the region, while the dollar steadied near two-month highs ahead of more cues on monetary policy from the Jackson Hole Symposium this week. The Japanese yen and Australian dollar rose 0.1% and 0.3%, respectively, after separate purchasing managers’ index (PMI) readings…
Latest results and forecasts from retailers ranging from Macy’s (NYSE:M) to Foot Locker (NYSE:FL) are showing fresh signs of U.S. consumer spending remaining under stress heading into second half of the year. Middle-income Americans are spending less as many struggle to pay off existing card debts amid a surge in cost of living, raising worries…
China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening economic outlook and strain in the property sector. State banks often act as agents for China’s central bank in the offshore foreign exchange…
European stock markets are expected to open in a muted fashion Monday following China’s smaller-than-expected rate cut, while investors digested German inflation data ahead of the U.S. Federal Reserve’s annual Jackson Hole get-together. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France dropped 0.1% and…
