Brokers compete on razor thin margins across EUR/USD, the world's deepest foreign exchange market. Compare EUR/USD spreads across popular Forex brokers:
EUR/USD is the largest and most liquid currency pair with 28% of global foreign exchange volumes according to the 2010 BIS survey. In comparison, USD/JPY, is a distant second with 14% of global volumes.
Deep liquidity and competition between Forex brokers have brought spreads down. EUR/USD spreads typically range between 2 and 3 pips versus 3 to 5 pips across most other major currency pairs. Compare EUR/USD spreads and leverage across popular Forex trading accounts with our interactive chart.
In normal market conditions, EUR/USD tends to trade by the pip. This is unlike other currency pairs where prices can trade by several pips at a time. This means that if EUR/USD is trading at 1.2513/15, you’re likely to find traders keen to buy at 10, 11 and 12 and traders keen to sell at 16, 17 and 18. Tight spreads make it possible to profit from very small changes in prices.
The sheer number of market participants makes it impossible for any one investor to move the EUR/USD in a meaningful way. For this reason, EUR/USD tends to be less volatile than other currency pairs. And when price changes happen, they tend to be driven by news events and data releases.
The EURUSD is on the march back higher and the dollar back lower as traders seem to be happy swinging the dollar around ahead of the inauguration of the 45th POTUS tomorrow. The focus this morning was on Draghi and that send the pair toward the ... More »
All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.and more » More »
The EURUSD traders had been expecting a more upbeat Draghi with inflation picking up a bit and perhaps some tail winds from a lower EURUSD. However, his views on inflation, were not supportive and the pair has moved lower - extending the trading ... More »
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