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 20, 2023: Cryptocurrency values have seen an upward trend this Tuesday, led by Bitcoin, the largest cryptocurrency by market capitalization. Bitcoin’s value increased by over 1% in the last 24 hours, reaching $27,100. This surge allowed BTC to surpass the challenging $26,000 mark, a threshold that has been difficult to breach over the past…
Sep 20, 2023: The People’s Bank of China held its benchmark loan prime rates at record lows on Wednesday, as it moved to strike a balance between supporting an economic recovery and stemming further weakness in the yuan. The PBOC kept its one-year LPR at 3.45%, while the five-year LPR, which is used to determine…
Sep 20, 2023: Japan’s exports fell in August for a second straight month, weighed by declines in China’s demand for steel and heavy oil and stoking fears of a downturn in the face of elevated global interest rates. Ministry of Finance (MOF) data showed on Wednesday exports fell 0.8% year-on-year in August, slower than economists’…
Sep 20, 2023: China kept benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with expectations, as fresh signs of economic stabilisation and a weakening yuan reduced the need for immediate monetary easing. Recent economic data showed the world’s second-largest economy was finding its footing after a sharp slowdown, while yuan declines…
Sep 20, 2023: Oil prices retreated further from 10-month highs on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S.…
