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.
Most Asian currencies fell on Monday, with China’s yuan leading losses after a smaller-than-expected cut from the People’s Bank, while anticipation of more U.S. monetary policy cues kept the dollar steady. The yuan was among the worst performers for the day after the PBOC disappointed markets with cuts to the loan prime rate (LPR). The…
Asian stocks stumbled on Monday after China delivered a smaller cut to lending rates than markets had counted on, continuing Beijing’s run of disappointingly frugal stimulus steps. China’s central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15…
European shares sank to their lowest in over a month on Friday, on track to post weekly losses, as concerns around interest rates across the world remaining higher for longer and dwindling growth prospects in China hammered risk sentiment. The pan-European STOXX 600 eased 0.9%, poised for its fourth consecutive day of losses. Surging bond…
European stock markets traded lower Friday, ending the week on a somber note as investors digested falling U.K. retail sales ahead of the release of eurozone inflation data. At 03:40 ET (07:40 GMT), the DAX index in Germany traded 1% lower, the CAC 40 in France dropped 1.2%, while the FTSE 100 in the U.K.…
The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for a fifth consecutive winning week as a resilient U.S. economy suggested higher rates for longer. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…
