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.
The U.S. dollar rose in early European trade Friday, climbing to a two-month high as traders positioned for hawkish comments from Federal Reserve Chair Jerome Powell at Jackson Hole. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 104.107, just off…
Binance experienced a rapid Bitcoin (BTC) withdrawal worth $150 million across five transactions in one minute, all recorded in the same block. According to the blockchain tracker Whale Alert data, there were five major Bitcoin withdrawals worth 5,729 BTC (approximately $150 million) from Binance within a minute. All five transactions were included in block 804522.…
Germany’s economy stagnated in the second quarter from the previous three months, showing no sign of recovery from a winter recession and cementing its position as one of the world’s weakest major economies. The figure of zero growth for the second quarter was in line with a first estimate published in late July. Year on…
European stock markets traded in a subdued manner Friday, with investors wary ahead of more monetary policy cues from the Jackson Hole Symposium later in the session. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.1% higher, the CAC 40 in France climbed 0.3% and the FTSE 100 in the U.K. rose…
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,…
