Summary
Due to enormous competition between Forex broker-dealers, they offer different features and advantages. However, choosing a broker is not an easy task for any new or experienced trader. There are some key aspects like regulation and capitalization which speak for the reliability and competence of the organization and which can be measured following certain objective criteria. But the real challenge in choosing a broker comes when you have to determine what attributes you are looking for. Along with the outstanding features, you might find a potential weakness, depending on what you need for your trading style. This session is thought to be a user guide for the brokers comparisson table at FXStreet.Latest Live Videos
Editors’ Picks
EUR/USD bounces from the lows on hopes for a fiscal stimulus deal
EUR/USD has bounced off 1.17 as hopes for a new fiscal stimulus deal have risen. Earlier, US pending home sales and ADP Non-Farm Payrolls beat estimates. The chaotic US presidential debate weighed on sentiment beforehand.
USD/JPY: Bulls poised to push the pair towards 106.26
Mixed Japanese data indicated that the pandemic keeps taking its toll on the local economy. US ADP survey on private jobs’ creation seen reporting 650K new positions were added in September. USD/JPY is technically bullish, needs to break above the 105.80 resistance level.
GBP/USD hits 1.29 on better market mood
GBP/USD is trading around 1.29, up from the lows. The safe-haven dollar is falling amid fresh hopes for a fiscal stimulus deal. Concerns about Brexit and the British coronavirus situation weighed on the pound earlier.
XAU/USD retreats after hitting one-week highs above $1900
The recovery in gold after last week sharp decline continues to be capped by the $1,900/oz area. Recently, boosted by a slide of the US dollar, XAU/USD rose to $1,902 reaching the highest level in a week, but it failed to hold above $1,900 and pulled back.
WTI clinches daily highs near $39.50 ahead of EIA
Prices of the barrel of the American benchmark for the sweet light crude oil are partially fading Tuesday’s pullback and manage to regain the $39.50 region ahead of key supply data.