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 dollar rose on Friday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields higher even as speculation grows that the Federal Reserve is at the end of hiking interest rates. Rebounding cost of services at the fastest pace in nearly a year pushed the Producer Price Index higher and…
The dollar barely budged on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade, while the yen made up ground as traders assessed the Bank of Japan’s approach to monetary policy. The agency on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White…
The S&P 500 fell to start August, as investors navigated a raft of corporate earnings reports and assessed a fresh batch of economic data. The broad-based index lost 0.27% to finish at 4,576.73, while the Nasdaq Composite dropped 0.43% to end at 14,283.91. The Dow Jones Industrial Average added 71.15 points, or 0.2%, to settle…
Most Asian currencies fell on Wednesday after Fitch cut the U.S. government’s sovereign rating, although the dollar was little changed, retaining most of its recent gains on strong economic data. Fitch trimmed the U.S.’ rating to AA+ from AAA, citing concerns over stretched fiscal spending in the coming years, as well as increased partisan risks…
The Japanese yen rose in volatile trade on Friday after the Bank of Japan said it will adopt a looser approach to its yield curve control policy, while broader Asian currencies recovered from some recent losses against a strong dollar. The yen recovered from initial losses to trade 0.5% higher to the dollar by 00:56…
