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.
Oct 21 2024: The People’s Bank of China (PBOC) conducted its inaugural swap operation on Monday, involving securities, fund, and insurance companies for a total amount of 50 billion yuan ($7.03 billion). According to the PBOC’s official statement, 20 institutions participated in the auction, with the fee rate set at 20 basis points. (Exchange rate: $1…
Oct 21 2024: The U.S. dollar gained ground on Monday, maintaining its recent strength as confidence grows over Donald Trump’s chances in the upcoming presidential election. As of 04:30 ET (08:30 GMT), the Dollar Index, which measures the dollar against a basket of six major currencies, rose by 0.2% to 103.462, following a 0.6% gain last…
Oct 21 2024: Oil prices remained stable on Monday, following a significant drop of over 7% last week due to concerns about declining demand in China, the world’s largest oil importer, and reduced fears of supply disruptions in the Middle East. By 0747 GMT, Brent crude futures rose by 38 cents, or 0.5%, to $73.44 a…
Oct 21 2024: Bitcoin’s price surged on Monday, briefly reaching a three-month high of $69,000 as speculation grew around Donald Trump’s chances in the 2024 U.S. elections. The cryptocurrency neared its all-time high, driven by rising market sentiment, though the presidential race remains highly competitive according to analysts. By 00:56 ET (04:56 GMT), Bitcoin gained 1.1%,…
Oct 21 2024: Indonesian stocks experienced gains after Monday’s close, led by strong performances in the Financials, Agriculture, and Basic Industry sectors. At the close in Jakarta, the IDX Composite Index edged up by 0.14%. Among the top performers on the IDX Composite Index were Bumi Teknokultura Unggul Tbk (JK), surging by 33.33% or 1.00 points…
