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EUR/USD

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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.

 

Historic EUR/USD MT4 Chart

EUR/USD Metatrader4 Chart 1998-2012

 

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.

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.  

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.

 

 

Compare Fx Brokers Spread & Slippage on EUR/USD

BROKER	AXI FOREX	LQDFX	IC MARKETS	FXCC
•EURUSD SPREAD	0.1 pip	1.1 pip	0.1 pip	0.3 pip
•COMMISSIONS	$7 / full-traded lot trading commissions	NO trading commissions	$7 / full-traded lot trading commissions	1.0 pip trading commissions
•LEVERAGE	30:1 (FCA UK) to 400:1 (ASIC)	500:1	30:1 and up to 500:1	30:1
•EXECUTION	ECN/STP BROKER	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	Headquarters: Cyprus License: FCA UK, CySEC US: NO Min Deposit: 100 USD Bonus: 100%
	» AXI Forex | » AXI Forex Review	» LQDFX | » LQDFX Rating	» IC Markets | » IC Markets Review	» FXCC

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

 

 

Forex Pair: EUR/USD

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