FX News and Info market heats up explained by professional Forex trading experts the “FX News and Info market heats up” FX trading team.
FX News and Info market heats up
As FX brokerage firms have increased their spending lately on FX news, analysis and data feeds, the competition to provide value-added information into the market has been heating up. The latest salvo fired in this ongoing competition has been made by Thomson Reuters, which is introducing intraday FX analysis and commentary to its Reuters FX Buzz service.
As FX trading volumes have waned due (mainly) to low volatility among the main currency pairs the past few months — leading clients to lose interest in trading — Forex firms have actively been adding new products as well as new services in order to bring clients back, and to encourage trading. One increasingly popular service being added is social networking, either in-house or via third-party FX social media platforms such as Currensee, Tradeo and FX Junction. Another area in which FX brokerages have been active is adding more quality news and commentary feeds, giving their clients more insight into the goings-on in currency related news — and more incentive to make informed trading decisions (and to pull the trigger on trades).
FX News and Info market heats up Conclusion
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