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.
DailyFX.com - Highlights : EUR/USD support getting thoroughly tested and needs to hold to keep outlook neutral to bullish A drop below the.and more » More »
The euro has steadied in the Friday session, after losing ground on Thursday following the ECB rate announcement. Currently, EUR/USD is trading at 1.1796, up 0.15% on the day. After a busy week with rate announcements from the Federal and the ECB ... More »
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