Forex broker are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade.
Forex broker may also known be as a retail forex broker, or currency trading brokers. Most forex broker firms handle only a very small portion of the volume of the overall foreign exchange market. Retail currency traders use these brokers to gain access to the 24-hour currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks.
General overview: AUD/USD struggles to keep previous day’s recovery moves.200-SMA guards immediate upside, weekly trend line tests bears. Sluggish MACD, Momentum suggest extended sideways grind around mid-0.7700s.The pair find major
GENERAL OVERVIEW: The pair looks bid and trade closer to 133.00 levels creates the selling side in the market. The Japanese yen remains offer on the higher US yield. The
GBP/NZD bulls are stepping in at a critical support structure. The bulls need to make or break at this juncture, as evident across the charts. General overview: The pair created
USD/JPY extends the previous week’s losses on Monday. Lower US Treasury yields undermine the demand for the US dollar. Yen suffers from its downbeat economic outlook. General overview: The USD/JPY
EUR/USD: Bears are looking are downside momentums. EUR/USD has tumbled down in response to a trio of upbeat US figures and taper speculation. All eyes are on US Nonfarm Payrolls,
AUD/USD justifies the previous day’s bearish candlestick to trim weekly gains. 21-day, 50-day SMA adds filters to the moves amid downbeat MACD. Monthly horizontal support becomes the key level to
General overview: GBP/USD remains cautious near the 1.3700 mark.US Treasury yields trade higher which supports USD. Negative equities point towards risk-off sentiment among investors. The towards the pair is falling
General overview: Silver edged higher for the third consecutive session, though lacked any follow-through. Bulls struggled to find acceptance, build on the momentum beyond the $28.00 mark. The set-up supports
General overview: Bulls are steeping towards the upside direction by giving the bullish view. The pair is still in range bound position and trying to push itself towards north side
General overview: USD/JPY has again makes the strong recovery in the market, pair breaks the level 109.00 and set strong buy side for the traders, we can see yesterday also