EUR/USD -REPORT & TECHNICAL ANALYSIS

EUR/USD

 

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

EUR/USD is one of the most popular Forex pairs in the world. The base currency is the European Euro (EUR), and the counter currency is the US Dollar (USD). EUR/USD is the most liquid currency pair and therefore the trading spreads are the tightest in the market. EUR/USD narrow spreads attract day-traders and especially scalpers. 

 

Compare Fx Brokers Spread & Slippage on EUR/USD

•BROKER

IC MARKETS

FXCC

•EURUSD SPREAD

0.1 pip

0.3 pip

•COMMISSIONS

$7 / full-traded lot trading commissions

1.0 pip

•SLIPPAGE

0.5 pip

1.1 pip

•LEVERAGE

500:1

30:1

•EXECUTION

ECN/STP BROKER

ECN/STP BROKER

•INFORMATION

 
  • Headquarters: Australia
  • License: ASIC (No 335692)
  • US: NO
  • Min Deposit: 200 USD
  • Bonus: NO
  • Headquarters: Cyprus
  • License: FCA UK, CySEC
  • US: NO
  • Min Deposit: 100 USD
  • Bonus: 100%

» IC MARKETS

» FXCC

Creating automated trading systems specialized in trading EURUSD:» EA Builder (Custom EAs)

 

Historic EUR/USD MT4 Chart

EUR/USD Metatrader4 Chart 1998-2012

Eurusd Mt4

 

Historic EUR/USD Line Chart & TCI Chart

In the following chart, we may observe the correlations between the course of EURUSD and the historic indications of TCI. Learn here about » what is the TradingCenter Indicator or else TCI. It is obvious that when TCI values are found in the range between TCI=+10 and TCI=+15%%, then TCI is indicating overbought market levels for EURUSD. On the other hand when TCI reaches the range between TCI=-10% and TCI=-15% then it indicates that the market is oversold. Quick reactions and clear reversals of EURUSD are the outcomes of these extreme TCI levels.

Eur Usd Forecast

Compare Economies:

EUROZONE Vs US ECONOMY 

MACROECONOMIC FACTOR  FREQUENCY EUROZONE USA
•BASIC
GDP (USD Billion) Yearly 13,075 15,094
POPULATION (Million) Yearly 332.9 311.6
UNEMPLOYMENT Monthly 11.90% 7.70%
INFLATION Monthly 1.80% 2.00%
•MONEY
FOREIGN RESERVES (USD Billion) Monthly 337.6 151.9
GOVERNMENT   
GOVERNMENT DEBT TO GDP Yearly 93.10% 101.60%
•ECONOMY
BALANCE OF TRADE (USD Million) Monthly -3,047 -44,448
CURRENT ACCOUNT (USD Million) Monthly -3,488 -110,416
BUSINESS CONFIDENCE Monthly -0.86 2.5

 Source: IMF

 

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.

As concerns the monetary policy of these two economies, we could say that the US FED is much more flexible aiming mainly on growth while the European ECB is aiming more on facing inflationary concerns. That explains why the interest rate in Eurozone is usually higher than the USD interest rate 

US INTEREST RATES

USD & the 10-year US Treasury Bill 

In the following chart, we may see the historic correlation between the US Dollar and the 10-Year US Treasury Bill.

USD BOND CORRELATION 

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Forex Pair: EUR/USD

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