EUR/USD is the most traded currency pair in the world, with tight spreads and deep liquidity. It is the natural starting point for most forex traders.
Its direction mostly reflects the gap between European Central Bank and Federal Reserve policy, so interest-rate expectations and inflation data are the main catalysts.
Prices are indicative and for information only. Your broker's prices may differ.
Expectations for relative interest rates drive the medium-term trend: a more hawkish Fed tends to lift the dollar; a more hawkish ECB lifts the euro.
Eurozone and US CPI, PMIs and GDP all move the pair.
The first-Friday-of-the-month release regularly produces the largest intraday spikes.
In risk-off episodes the dollar often strengthens as a safe haven.
The London session and the London-New York overlap (roughly 12:00-16:00 UTC) have the highest volume. The Asian session is usually quieter and more range-bound.
During the London-New York overlap and around major US data releases such as CPI and non-farm payrolls.
A pip is 0.0001, the fourth decimal place. A move from 1.1000 to 1.1010 is 10 pips.
Yes, because spreads are tight and liquidity is deep, but it can still move against you quickly. Use a stop-loss and risk a small, fixed percentage per trade.
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