
EURUSD TRADING
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EUR/USD is the most popular Forex pair in the world. The base currency is the European Euro (EUR), and the counter currency is the US Dollar (USD). EUR/USD is an extremely liquid financial asset offering the tightest trading spreads in the Foreign Exchange market. EUR/USD narrow spreads attract scalpers and algo traders.
Compare Economies
As concerns the monetary policies of these two major economies, the US FED is much more flexible than ECB, mainly focusing on high growth and employment. The European ECB is traditionally more concerned about inflationary pressure.
EUROZONE Vs US ECONOMY
MACROECONOMIC VARIABLE | FREQUENCY | EUROZONE | USA |
•BASIC | |||
GDP (USD Billion)
|
Yearly |
FORECAST
|
FORECAST
|
POPULATION (Million) | Yearly | 342.37 | 329.5 |
UNEMPLOYMENT | Monthly | 6.8% (2022) | 3.6% (2022) |
INFLATION | Monthly | 5.90% (2022) | 8.5% (2022) |
•MONEY | |||
FOREIGN RESERVES | Monthly | 526 billion USD | 129 billion USD |
GOVERNMENT | |||
GOVERNMENT DEBT TO GDP | Yearly | 97.70% (2022) | 130.65% (2022) |
•ECONOMY | |||
BALANCE OF TRADE (USD Million) | Monthly | -27,204 (2021) | -859.1 (2021) |
CURRENT ACCOUNT (2022) | Monthly |
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Source: IMF, World bank, TradingEconomics, Statista
EUR/USD History:
The US economy is the largest in the world while Eurozone is the second place. The most important members of the Eurozone are Germany, France, Italy, and Spain.
Table: Compare Fx Brokers Spread & Slippage on EUR/USD
BROKER
|
AXI FOREX |
LQDFX |
IC MARKETS |
• EURUSD TRADING SPREAD |
0.1 pip |
1.1 pip |
0.1 pip |
• TRADE COMMISSIONS |
$7 / full-traded lot trading commissions |
NO trading commissions |
$7 / full-traded lot trading commissions |
• TRADING LEVERAGE |
30:1 (FCA UK) to 400:1 (ASIC) |
30:1 and up to 500:1 |
30:1 and up to 500:1 |
• ORDER EXECUTION |
ECN/STP BROKER |
ECN/STP BROKER |
ECN/STP BROKER |
•INFORMATION |
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◘ Forex Pair: EUR/USD
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