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.
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 |
|
|
|
|
|
» 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)
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Forex Pair: EUR/USD
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