Today, on July 17th, the US Dollar is trading within a pretty tight price range against the common European currency tight in advance of another inflation report coming from the Eurozone. Yesterday, on July 16th, the USA imposed even tougher sanctions on Russia, thereby blaming it for escalating the Ukrainian conflict. The EU is expected to support those sanctions.
The British Pound set another major high against the US Dollar yesterday. The thing is that the price hit 1,7191, which is a new 5-year high! Still, the UK economic news that followed the price record turned out worse than expected, which made the price retrace a bit from the new high.
If you want to win big by trading Forex, you cannot do without a reputable and reliable broker. With that said, the question of choosing a broking company will always be topical. Despite all those multiple efforts to regulate the international Forex markets, thousands of beginning and advanced Forex traders are still facing challenges when trying to decide which broker to go with…