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.
Dec 31 2024: China will revise the weightings in its yuan CFETS basket in 2025, the China Foreign Exchange Trade System (CFETS) announced on Tuesday. Starting January 1, the U.S. dollar’s weighting will decrease to 18.903% from 19.46%, the euro’s weighting will drop to 17.902% from 18.08%, and the yen’s weighting will decline to 8.584% from…
Dec 31 2024: Asian currencies edged lower on Tuesday, closing a challenging year marked by a strong U.S. dollar and subdued risk sentiment. The dollar remained near its two-year high despite slight weakness in Asian trade, as markets anticipated 2025 Federal Reserve policies. The US Dollar Index eased 0.1% but retained its firm position, bolstered by…
Dec 31 2024: Oil prices climbed on Tuesday following data showing growth in China’s manufacturing activity in December. However, prices are set to close the year lower for a second consecutive year amid persistent demand concerns in major consuming nations. By 0730 GMT, Brent crude futures rose by 57 cents, or 0.8%, to $74.56 a barrel,…
Dec 31 2024: Bitcoin continued its decline on Tuesday amid subdued year-end trading, reaching $92,733.4 by 01:11 ET (06:11 GMT), down 1.2%. The cryptocurrency hit a one-month low of $91,522 on Monday before recovering slightly as buyers took advantage of the dip. This marks the second consecutive weekly decline for Bitcoin, which has fallen in five…
Dec 31 2024: Taiwanese stocks ended lower on Tuesday, with losses in the plastic and chemical sectors driving the Taiwan Weighted Index down by 0.37% at the close. Top Performers Jenn Feng New Energy Co. Ltd. (TW:1538): Shares surged 70.12% (11.92 points), closing at 28.92, marking a five-year high. King’s Town Construction Co. Ltd. (TW:2524): Gained…
