EUR/USD
EUR/USD, or else the Fiber, is by far the most traded Forex pair worldwide.
■ Forex Pair: The Euro (EUR) against the United States Dollar (USD)
■ Forex Slang: FIBER
■ Central Banks: ECB (» visit) against the FED (» visit)
■ Currency Reserves: $762 billion (ECB) against $121 billion (US)
■ Population: 510 million (EU) against 319 million (US)
■ GDP: $16,500 billion (EU) against $18,600 billion (US)
■ DEBT/GDP: 92.11% (EU) against 107.5% (US)
■ Current Account: +$351 billion (EU) against -$484 billion (US)
The European Union (EU) and the United States of America are the two largest economic areas in the world. The USD is the most traded currency in the Forex market, and Euro is the second. Therefore, EUR/USD is by far the most traded Forex pair worldwide. Commercial banks, insurance firms, investment companies, and individual traders are all major buyers and sellers of EUR/USD. Due to the depth of the market and liquidity, EUR/USD is traded in very tight spreads (tighter spreads than any other asset in our financial universe).
The dynamics of EUR/USD are highly influenced by:
(i) the level of interest rates between EU and US, and
(ii) the political conditions in the Eurozone
These are some key facts about EUR/USD:
-The Euro is involved in about 39% of all currency transactions
-The US Dollar is involved in about 85% of all currency transactions
-EUR/USD is highly correlated to GBPUSD (positive correlation between +0.8 and +0.9)
-Both currencies (EUR, USD) are commonly used as reserve currencies by global central banks
-The best time to buy EUR/USD occurs in December, and the best time to sell EUR/USD occurs in January
Compare the EUR/USD Trading Conditions
These are some regulated CFD providers offering Forex trading, all brokers provide segregated client bank accounts and have been in the market for a period of at least 5 years.
CFD PROVIDER |
ASSET INDEX |
PLATFORMS |
ACCOUNT INFO |
OPEN ACCOUNT |
DUKASCOPY Part of Dukascopy Swiss Group Regulated: MiFID, FCMC
■ ECN TRADING: YES (SWFX MARKET) |
SPREADS: EURUSD: 0.2 pip plus trade commissions $3.5 full-traded /lot
60+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Gold, Silver, Crude Oil, and many shares from Germany |
■ Jforex Platform ■ WebTrader ■ JavaTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES |
$100 Minimum Deposit Amount
WELCOME BONUS: 10% under a policy LEVERAGE: 1:300 |
Open an account via the below rebate link and get 30% discount on all commissions paid for the 1st month (automatic link): AUTOMATIC REBATE LINK: ► Dukascopy Europe 30% Discount on all commissions
|
XM Regulated: CySEC, FCA (UK), ASIC
■ ECN TRADING: NO |
SPREADS: EURUSD: 1.8 pip
50+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Metals, Energy, Soft Commodities |
■ WebTrader ■ MetaTrader-4 ■ MetaTrader-5 ■ Mobile Traders
PAMM ACCOUNTS: NO AUTOMATED TRADING: YES SCALPING: YES |
$5 minimum deposit
(+) and more
LEVERAGE: 1:30 |
You can get a rebate from XM up to $6.0 per lot:
WEBSITE: ► XM Web
REVIEW: |
FXCC Regulated: CySEC, MiFID, FCA (UK)
■ ECN TRADING: YES |
SPREADS: EURUSD: 0.9 pip
30+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Metals, Energy |
■ MetaTrader4 ■ Sirix WebTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES |
$100 Minimum Deposit Amount
*You can withdraw your profits only via Bank Wire
BONUS: 30-100% LEVERAGE: 1:300 |
WEBSITE: ► FXCC Web
REVIEW: |
HOTFOREX
Regulated: CySEC, MiFID, registered with FCA (UK)
■ ECN TRADING: YES (CURRENEX) |
SPREADS: EURUSD: 1.4 pip
43 FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs
-Indices, Shares, Metals, Energy, Soft Commodities |
■ MetaTrader4 ■ WebTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES Free VPS Server for deposits of more than $5,000 |
$5 Minimum Deposit Amount (prefer to open a CurreneX account with minimum deposit $500, better conditions)
(+) and more
WELCOME BONUS: 40-100% LEVERAGE: 1:1,000 |
You can get a rebate from XM up to $6.4 per lot:
WEB-SITE:
REVIEW: |
PAIRS: GBP/USD | USD/JPY | USD/CHF | EUR/GBP
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