EURUSD

Submitted by fxpros on Wed, 04/13/2022 - 12:15
EUR/USD is the most popular Forex pair in the world.

EURUSD TRADING

  • Trading Hours: Sunday 22:05 (GMT) to Friday 21:50 (GMT)

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)

  • Period: 2022-2024
 Yearly

FORECAST

  • 14,800 in 2023
  • 15,500 in 2024

FORECAST

  • 22,790 in 2022
  • 23,430 in 2023
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
  • $310 Billion
  • 33.4% deficit
  • $821.6 billion

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
  • Headquarters: Australia, UK
  • License: ASIC, FCA UK
  • US: NO
  • Min Deposit: 10 USD
  • Bonus: Free VPS
  • Headquarters: Malta
  • License: NO
  • US: NO
  • Min Deposit: 50 USD
  • Bonus: 100% Welcome Bonus
  • Headquarters: Australia
  • License: ASIC (No 335692)
  • US: NO
  • Min Deposit: 200 USD
  • Bonus: NO

» AXI Forex | » AXI Forex Review

» LQDFX | » LQDFX Rating

» IC Markets | » IC Markets Rating

◘ Forex Pair: EUR/USD

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