CSFX Market News | Global Market Update

  GBP/USD Holds Onto Slight Gains Below 1.3100, Keeping an Eye on US Data. Fundamental Overview In the European morning, GBP/USD retains its slight gains below the 1.3100 level, exhibiting a cautious stance without a clear bias. The prospects of a strengthening trend in this major currency pair are underpinned by the divergent policy outlooks of the Federal Reserve (Fed) and the Bank of England (BoE). Prior to the release of important US data, any significant corrective decline could be perceived as a favorable buying opportunity. Despite experiencing a decline on Friday, the GBP/USD pair managed to record a 2% increase over the course of last week. As Monday begins in Europe, the pair is trading within a narrow range around 1.3100, displaying relative stability. The US Dollar (USD), which witnessed a substantial sell-off on Wednesday and Thursday, managed to hold its ground against other major currencies leading into the weekend. This was supported by the University of Michigan re...

  Investing in foreign exchange is a tremendous way to diversify your investment portfolio. Foreign exchange trading is, however, a little bit more complicated than trading stocks, commodities, cryptocurrencies , etc. With a daily turnover of $5 trillion, the foreign exchange market is one of the most liquid markets. Predominately dominated by banks and institutional investors, the foreign exchange market has become more accessible to everyone with the rise of online brokerages and readily available margin-trading accounts. In this article , we will discuss what forex trading is and how to invest in the foreign exchange market. WHAT IS FOREX TRADING ? Forex, short for foreign exchange, is the process of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism, and to enable international trade. The forex market is open to buy and sell currencies 24 hours day, five days a week. The currencies are traded in p...