The ECB meeting failed to bring the much-awaited volatility in the euro pairs. The EUR/USD seen here traded in a very tight range for over a month now – about a hundred pips or so. Every attempt at the downside was met with heavy buying, and that is exactly what […]
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
EUR/USD is consolidating as investors await further cues from the ECB interest rate decision and the US inflation data later in the day. Europe has made significant strides in its economic recovery as its vaccination program progresses and economies reopen. However, the recovery is still incomplete. On Tuesday, the ZEW […]
Make or break time for the EUR/USD pair one day ahead of the ECB June meeting. The main currency pair on the FX dashboard has traded in tight ranges lately. In the past several weeks, the pair hovers close to its 2021 highs established at the start of the year. […]
EUR/USD is on a decline ahead of the Eurozone GDP preliminary data. Analysts expect the economy to have contracted by 1.8% and 0.6% on a YoY and QoQ basis respectively. With this being the third reading for Q1’21, its impact on the Euro will be rather muted. EUR/USD will also […]
The EUR/USD pair and the traditional FX market have taken a step back when it comes to volatility. The volatility in the financial markets dropped to extremely low levels, as seen by the S&P500 index closing about 0.22% from the highs or lows of the previous day for seven consecutive […]
The Euro has made a solid start to the week, as bulls capitalize on the US dollar’s continued bearishness to push the EUR/USD higher by 0.32%. This move comes as the latest CFTC Positioning Report shows speculators adding more gross long positions on the Euro for the 6th week in […]
The EUR/USD pair dropped last Friday on the PCE release but found strong support at the 1.2150 area. This is an area that provided stiff resistance on the price’s move to the upside, and such it remains pivotal for any further moves. The PCE or Personal Consumption Expenditure came out […]
EUR/USD has plunged after the US PCE price index data. The Federal Reserve usually monitors various metrics. However, it uses the personal consumption expenditures (PCE) price index as one of the key gauges of inflation. On Friday, the Bureau of Economic Analysis indicated that core PCE price index was up […]
The EUR/USD tumbled to fresh weekly lows around 1.2130-1.2135 after the US Core PCE Price Index rose by 3.1% annually for April, marking a 27-year high. This figure topped the market expectation of a 2.9% increase.This number accelerated demand for the greenback, but this demand appears to have been limited […]
The tight ranges in financial markets are illustrated by the recent price action in the EURUSD. Basically, the main pair part of the FX dashboard is unchanged in the last two weeks, with the 1.2170 level acting as a pivotal one. On its way to the upside, the pair met […]