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 is showing limited movement in the Thursday session. Currently, the pair is trading at 1.0540, its lowest level since January 11. On the release front, German numbers were a mixed bag. Final GDP came in at 0.4%, matching the forecast. This ... More »
Fast break the other way. , the most prophetic warning was: In my early post on the EURUSD "It is Friday. That can lead to choppy trading conditions. So traders ... More »
EUR/USD came up against the lower bound of a multi-decade trend near 1.0350/1.03 late last year. It also tested a descending channel limit on the daily chart around that time, and this led to an initial rebound, which faltered at the prominent ... More »
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