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On May 9th, according to Spanish national television, European Central Bank President Christine Lagarde stated that the ECB is carefully weighing its response to the war with Iran and its impact on inflation to ensure it doesnt act too soon or too late. In an interview, Lagarde said policymakers face "enormous uncertainty" and need "more data" to understand the impact of the conflict. She declined to comment on whether the ECB would raise interest rates next month as many expect. She said, "We have been torn between the risks of acting too quickly and acting too late, and we must find the right path to guide our economy toward our 2% medium-term inflation target – that is our goal."On May 9th, the State Administration for Market Regulation issued the "Implementation Plan for the Special Action to Raise the Threshold for Certification Bodies," deciding to organize a nationwide special action to raise the threshold for certification bodies from now until December. According to the plan, the special action deploys 15 specific measures in four aspects: strictly controlling institutional access, standardizing certification activities, improving certification capabilities, and strengthening supervision. These measures include: strictly controlling access and licensing in accordance with the law through measures such as improving the certification body qualification licensing review system, strictly reviewing certification body qualifications, strengthening expert technical review support, and implementing on-site verification of qualification compliance; standardizing certification activities through measures such as improving certification management methods, improving nationally unified certification rules, strengthening the filing and review of certification rules, and reinforcing the main responsibilities of institutions and personnel; promoting certification capabilities through measures such as increasing efforts to cultivate brand certification bodies, strengthening special supervision of accreditation, and enhancing the innovation capabilities of certification bodies; and strengthening supervision to promote the healthy and orderly development of the certification service industry through measures such as strengthening risk monitoring and early warning of certification activities, strengthening "random inspections and public disclosure," improving the effectiveness of intelligent supervision, and improving the institutional exit mechanism.On May 9th, the Ministry of Industry and Information Technology issued a notice to officially launch the Pilot Program for Ethical Review and Services of Artificial Intelligence Technology. Based in the provinces where the National Artificial Intelligence Industry Innovation and Application Pilot Zones are located, the program will explore the implementation path of ethical review and services for artificial intelligence technology, improve the multi-party participation and efficient governance mechanism, and support responsible innovation and high-quality development of the artificial intelligence industry.May 9 - According to Irans Mehr News Agency, the Iranian Islamic Parliament will hold its first meeting since the outbreak of hostilities on May 10 via video conference. A spokesperson for the parliaments presidium stated that the parliament will focus on issues such as inflation.On May 9, 2026, Pan Gongsheng, Governor of the Peoples Bank of China, met with Bonne, Foreign Affairs Advisor to the President of France, on May 7. The two sides conducted practical communication and exchanges on the economic and financial situation in China and globally, as well as cooperation between China and France in the economic and financial fields under multilateral and bilateral mechanisms. Xuan Changneng, Vice Governor of the Peoples Bank of China, also attended the meeting.

Currency Trading Forex

Drake Hampton

Mar 24, 2022 14:28

Forex currency trading may be the correct choice for you if you're seeking for a very liquid trading environment that allows you to speculate on a practically 24/6 currency market. Forex trading should be confined to risk money, and while the off-exchange foreign currency market has certain unique hazards, it can present a chance for educated traders to benefit from a very busy worldwide market.


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The Basics of Forex Currency Trading

It is a worldwide market for currency exchange between governments, as well as for individual investors or dealers. As the name indicates, the retail off-exchange forex market does not take place on an exchange, which means that there is no physical site where all currencies are traded.

 

A critical and fundamental point to grasp about forex is that it is traded in pairs. This implies that you are simultaneously purchasing and selling a currency. For instance, you initiate a trade in the European euro versus the US dollar, or EUR/USD. This indicates that you expect the euro will appreciate in value relative to the dollar. On the other hand, if the euro depreciates against the dollar, you risk losing your whole investment, or even more. If the euro increases in value and you wish to benefit, you would "unwind" your position by selling the euro and purchasing the dollar. That is a fairly simplified example, but it should illustrate how forex works in general.

Considerations

Consider the following before engaging in forex trading:

 

Leverage: Using a little quantity of money to control a huge investment. This enables high potential returns, but caution should be exercised because it can also result in significant losses.

 

Market that operates nearly 24 hours a day, six days a week: Respond quickly to market circumstances and economic events by trading almost 24 hours a day, six days a week — from Sunday to Friday.

 

Liquidity: Forex is an extremely busy market with an enormous volume of trading, particularly in the largest currencies. Trading some of the more esoteric pairings may raise worries about liquidity.

 

Forex currency pairs are exchanged in 10,000-unit increments with no fee. However, the bid/ask spread reflects the cost of the trade.

Establishing an account

To begin forex trading with Top1 Markets, you must first establish a basic account. Individual or joint accounts are available for the Standard account. Additionally, you must request for and receive approval for margin rights on your account.

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