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 26 2024: Expectations for a rate cut by Turkey’s central bank surged on Wednesday following a moderate 30% increase in the minimum wage. Economists viewed this as a signal of the government’s commitment to disinflation goals, despite the potential inflationary pressures from the wage adjustment. The net monthly minimum wage will rise to 22,104 Turkish…
Dec 26 2024: Asian currencies edged lower on Thursday, pressured by a resilient U.S. dollar hovering near a two-year high. The Indian rupee, in particular, hit a record low against the greenback, while broader market sentiment remained cautious following the Federal Reserve’s hawkish outlook for 2025. Dollar Strength Persists Amid Rate Projections The U.S. Dollar Index…
Dec 26 2024: Oil prices advanced slightly on Thursday in thin holiday trading, supported by optimism over potential fiscal stimulus in China and expectations of a decline in U.S. crude inventories. By 0650 GMT, Brent crude futures rose 13 cents (0.2%) to $73.71 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 11 cents (0.2%)…
Dec 26 2024: Bitcoin traded in a narrow range on Thursday, holding steady at $98,124.6 by 01:35 ET (06:35 GMT), after gaining nearly 5% over the previous two sessions. Investor sentiment remained cautious due to macroeconomic concerns following the U.S. Federal Reserve’s hawkish stance. Bitcoin Struggles for Direction After two consecutive days of gains, Bitcoin failed…
Dec 26 2024: Japan’s stock market closed on a positive note Thursday, with the Nikkei 225 climbing 1.39%. Gains were led by the Shipbuilding, Automobiles & Parts, and Chemical, Petroleum & Plastic sectors. Top Performers: J.Front Retailing Co., Ltd. (TYO:3086): Shares surged 8.27% or 165.00 points, reaching a five-year high at 2,159.00.Isetan Mitsukoshi Holdings Ltd. (TYO:3099):…
