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 25, 2023: Economic strategists anticipate a potential resurgence of Thailand’s national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:SCGLY) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end…
Sep 25, 2023: Oil prices rose in Asian trade on Monday, rising after their first negative week in four as the prospect of tighter supplies largely offset concerns over a potential slowdown in demand. Crude prices had ended last week about 0.8% lower, coming chiefly under pressure from hawkish messaging from the Federal Reserve, as…
Sep 25, 2023: Gold prices fell slightly on Monday, seeing continued weakness after the Federal Reserve warned that interest rates will remain higher for longer, with strength in the dollar and yields also applying pressure. The yellow metal traded largely rangebound in recent weeks as the prospect of higher U.S. interest rates dented its appeal.…
Sep 25, 2023: Most Asian currencies moved in a flat-to-low range on Monday, remaining under pressure from the prospect of higher-for-longer U.S. interest rates, while the dollar steadied near six-month peaks. Regional currencies were hit hard by hawkish messaging from the Federal Reserve last week, as the central bank warned that a recent resurgence in…
Sep 25, 2023: The yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot,…
