EURUSD Trading
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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)
|
Yearly |
FORECAST
|
FORECAST
|
|
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 |
|
|
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
Compare Fx Brokers Spread on EUR/USD
Table: Compare Fx Brokers Spread on EUR/USD
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BROKER
|
ROBOFOREX |
LQDFX |
IC MARKETS |
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• EURUSD TRADING SPREAD |
1.3 pip |
1.1 pip |
0.1 pip |
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• TRADE COMMISSIONS |
No trading commissions |
NO trading commissions |
$7 / full-traded lot trading commissions |
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• TRADING LEVERAGE |
30:1 (Europe) |
30:1 and up to 500:1 |
30:1 and up to 500:1 |
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• ORDER EXECUTION |
ECN/STP BROKER |
ECN/STP BROKER |
TRADING CFDs |
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• INFORMATION |
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» RoboForex | » RoboForex Review |
» LQDFX | » LQDFX Rating |
» IC Markets | » IC Markets Rating For European Traders: » IC TRADING |
■ Forex Pair: EUR/USD
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