The Forex Market, short for the foreign exchange market, is a global decentralized marketplace where currencies are traded. It is one of the largest and most liquid financial markets in the world, operating 24 hours a day, five days a week. The primary purpose of the Forex Market is to facilitate the exchange of one currency for another, allowing for international trade and investment. In this market, participants can include banks, financial institutions, corporations, governments, and retail traders, who buy and sell currencies based on various factors such as economic data, geopolitical events, and market sentiment. Trading in the Forex Market is typically done in pairs (e.g., EUR/USD, GBP/JPY), with the value of one currency being relative to another. The market is influenced by interest rates, inflation, political stability, and economic performance, making currency values fluctuate continuously.
Pressure on the Euro against the Dollar The EUR/USD currency pair is experiencing a downward trend, now hovering around 1.0284. Analysts observe increasing pressure on the pair, with predictions indicating…