The EUR/USD price is little changed today as traders wait for the Fed interest rate decision and the US durable goods data that will come out later today. The EURUSD is trading at 1.2165, which is in the same range where it was yesterday. FOMC preview: The FOMC will conclude […]
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
The EURUSD pair remains elevated for all the troubles in the European economies and the problems with the vaccines rollout. As it turns out, the European Union lacks enough vaccines for the vaccination to continue, as some of the contracted doses were delayed. Moreover, the efficacy of the vaccines is […]
The EUR/USD is tilting lower ahead of the important Fed interest rate decision. The EURUSD is trading at 1.2130, which is 1.80% below the year-to-date high of 1.2357. EUR/USD news: The EUR/USD is falling partly because of the weak German sentiment numbers released yesterday by the ifo Institute. The overall […]
The EUR/USD is relatively unchanged today as attention shifts to the Federal Reserve interest rate decision and US GDP data scheduled for Wednesday and Thursday, respectively. The EURUSD pair is trading at 1.2178, which is slightly higher than last week’s low of 1.2050. What’s happening: While Christine Lagarde will have […]
The EUR/USD pair trades with a bullish tone lately. Since the week started, it bounced from 1.2050 area and never looked back. Both technical and fundamental factors favored a higher EUR/USD. On the technical side, the pair forms a head and shoulders pattern, and it was mandatory to bounce from […]
The EUR/USD is rising ahead of the ECB interest rate decision that will come out at 12:45 GMT and the US jobless claims numbers that will be released in the afternoon session. The EURUSD is trading at 1.2130, which is slightly higher than yesterday’s low of 1.2050. What’s happening: The […]
The EUR/USD is rising for the second day ahead of Joe Biden’s inauguration and the Eurozone inflation data. The EUR to USD pair is trading at 1.2145, which is slightly above this week’s low of 1.2055. What’s happening: The focus today will shift to the United States, where Donald Trump […]
The EUR/USD is bouncing back after falling sharply in the past few days. The EUR to USD price is trading at 1.2095, which is slightly above yesterday’s low of 1.2040. What to expect: The focus among traders today will be on the European Central Bank (ECB) meeting that will kick-off […]
Safe-haven demand for the greenback, as well as new concerns that the Fed may start to abandon the easing pathway earlier than planned, is strengthening the greenback in its pairing with the Euro. The EURUSD may have gained 0.02 as at the time of writing, but the remains under pressure. […]
The week ahead is very important for the EURUSD pair. The pair closed last Friday at the lows, with little or no pullbacks seen the entire trading day. Moving forward, the inauguration day on Wednesday and the ECB the day to follow may prove essential events for the EURUSD pair. […]