Forex Brokers and Market News

Former FXCM executive Siju Daniel has joined broker ATFX as Chief Commercial Officer (CCO) as a business strategy to strengthen its position as a market leader.

Japan is believed to have injected over 50 billion USD to support the yen exchange rate through multiple rounds of intervention.

Federal Reserve Chair Jerome Powell dismissed the possibility of a rate hike but also refrained from indicating a clear path for a rate cut. Consequently, the US dollar weakened.

Axi's UK unit doubled FY23 revenue to $27.5M, achieved stellar growth, and expanded into prop trading with live accounts.

Exness sees March trading volume recovery to $3.86 trillion, records highest active traders at 836,873.

Despite stronger economic growth and inflation in the Eurozone, the prospect of an ECB rate cut in June remains on the table.

Following suspected government intervention from Japan, the bullish trend in USD/JPY appears to have temporarily paused, awaiting the next catalyst.

Axi announced a partnership to sponsor Brazilian football club Esporte Clube Bahia to target its football fan base.

Forex4you has expanded its market reach by rebranding Market4you with its brand new logo as an integral part of its marketing strategy.

USD/JPY reached its daily high at 160.23 and then plummeted to 155.04 within about 4-5 hours.