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.
EUR/USD has recorded slight losses in the Friday session, as the pair trades at 1.0650. The week wraps up with two minor events. Eurozone Current Account dropped to EUR 30.1 billion, compared to EUR 36.1 billion. Still, this figure beat the estimate of ... More »
At the same time, funding currencies like JPY and EUR could remain under pressure, with the latter dragged down by persistent cautiousness ahead of the elections. USD has been struggling to extend its recent gains despite strong US data and growing ... More »
Some US dollar buying has kicked in as European trading begins to wind down. It's a three-day weekend in the United States so watch out for flow-driven trade for the remainder of the day, and especially into the London fix. The calendar is light today ... More »
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