The EURUSD pair is back at the highs. It made a new high today, albeit a marginal one. In a typical fashion for strong trends, the price stabs the lows or highs of a bearish or bullish trend just before London’s opening. The aim? To trip some weak stops. So […]
In this section, you will find important EURUSD news, actionable trading ideas, and a live EURUSD chart to help you understand the markets better.
What’s EURUSD ?
EURUSD is a Forex pair that shows how many US dollars it costs to buy one Euro. The Euro is the so-called base currency, while the US is the quote currency in this pair. The EURUSD is the most popular trading pair in the FX markets, and about 25% of all trades are made in this pair. The pair is therefore considered to be one of the “Majors Pairs.”
The price of the EURUSD depends on the supply and demand of the Euro and the US Dollar. The factors that affect supply and demand are the relative interest rates, the GDP growth, inflation, unemployment rates, balance of payments, and other macroeconomic figures.
The US Federal Reserve Bank (FED) and the European Central Bank (ECB) are the two institutions that EURUSD traders follow to get an idea about the future moves of the pair. Traders also watch Germany and France, the two biggest economies in Europe that affect the price of the euro.
Live EURUSD Chart
EURUSD trades higher for the second straight day as the correction from two-year highs was short-lived. Euro is higher today against the greenback despite worse than expected services PMI
Asian equities are displaying a mixed picture today as investors' focus remains firmly on corporate earnings.
The EURUSD pair began the NFP week in a typical fashion – with a fake move. It reached below 1.17 during yesterday’s London session, only to bounce back once the U.S. stock market opened. A risk-on market move happens when flows rotate into stocks and out of the USD. As […]
Nikkei 225 and Hang Seng spike Asian stocks are in the green today as investors respond to strong manufacturing PMI numbers in the U.S. and around the world. In Japan, the Nikkei 225 Index is up by more than 1.67%, with most of its constituent companies showing an increase. The […]
The EURUSD pair was the star of the previous month’s price action. It rose unabated until above 1.19 and only retraced in the last trading day of the month. Since March, it gained ten big figures – an impressive move for a pair known for its long-term consolidation levels. Both […]
Traders' continued focus on the simmering tensions between the U.S. and China leads to a mixed start of August across Asia. In China, the Shanghai composite climbed by 1.20% while the Hang Seng index dipped by 0.70%.
The EURUSD is trading lower after Spain recorded a spike in its coronavirus daily infection numbers. Spain’s health ministry presented data on Thursday, which showed that there were 1,229 new coronavirus infections, representing the highest daily increase since the end of the lockdown on June 21st. This number was surpassed […]
EURUSD trades higher today but off the daily highs as the rally that drove the pair above 1.19 looks like it running out of steam. We haven’t seen such a rally since the rebound from 2017 lows
Euronext, which is the stock exchange operator that covers several European markets (Netherlands, Belgium, Ireland, France and Portugal), reported a jump in its 2nd quarter profits by nearly 54% to $96.6 million, on the back of heavy trading volumes and market volatility at the height of the coronavirus pandemic. Revenues […]