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EURUSD Forex Pair

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...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 the ECB, mainly focusing on high growth and employment. The European ECB is traditionally more concerned about inflationary pressure.

Table: The Eurozone Vs the 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.

In the following chart, the monthly EURUSD exchange rate for the period 1971-2024. The indicator on the bottom is TradingCenter's RSI Precision v3.

Chart: EURUSD 1971-2024

The monthly EURUSD since 1971-2024, the indicator on the bottom is TradingCenter's RSI Precision v3...

 

Compare Fx Brokers Spread on EUR/USD

Table: Compare Fx Brokers Spread on EUR/USD

 

BROKER

 

ROBOFOREX

LQDFX

IC MARKETS

• EURUSD TRADING SPREAD

1.3 pip

1.1 pip

0.1 pip

• TRADE COMMISSIONS

No trading commissions

NO trading commissions

$7 / full-traded lot trading commissions

• TRADING LEVERAGE

30:1 (Europe)

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: Belize

  • License: FSC 000138/437

  • US: NO

  • Min Deposit: 10 USD

  • Promotion: Free VPS

  • Headquarters: Malta

  • License: NO

  • US: NO

  • Min Deposit: 50 USD

  • Promotion: Welcome Bonus

  • Headquarters: Australia

  • License: ASIC (No 335692)

  • US: NO

  • Min Deposit: 200 USD

  • Promotion: Free VPS

» RoboForex | » RoboForex Review

» LQDFX | » LQDFX Rating

» IC Markets | » IC Markets Rating

 

Forex Pair: EUR/USD

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