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EURUSD

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<h2>Why is trading EUR/USD so popular?</h2><p>The Forex pair nicknamed ‘fiber’ is made up of the base currency euro and the quote currency US dollar. This dynamic duo represents two of the largest economies globally and it is no surprise that it is the most popular and most traded pair in the world.</p>

<table><tbody><tr><td><ul><li>Why do so many traders love this pair? It’s the most traded currency pair in the world which means plenty of volatility, liquidity, and reasons to keep this pair moving on a daily basis.</li></ul><ul><li>Such a liquid and popular pair creates highly competitive conditions that traders can enjoy including extremely tight spread, and plenty of ease to enter and exit trades.</li></ul><ul><li>The Euro is the 2nd largest reserve currency in the world, which speaks to its powerful position globally.</li></ul><ul><li>Here’s a quick example on who trades EUR/USD. An importer or exporter may want to hedge their foreign exchange payments/revenues that they will receive in the future by using an instrument, such as CFDs. For example, if the importer was paying a large dollar amount in a month’s time, they would be harmed by a weaker EUR/USD exchange rate. So, to avoid this risk, they could sell EUR/USD CFDs in the same exposure as their future import payments. Therefore, if the pair weakens, then the profits from the CFD position will net-off with the higher import payments.</li></ul></td></tr></tbody></table>

Why invest in EUR/USD?

<table><tbody><tr><td><h3>The health of the EU and US economies</h3><p>This can be measured by key economic data releases, such as GDP, retail sales, Purchasing Managers’ Indices, consumer confidence, inflation, employment numbers, etc. Divergences on these metrics can lead to an increase or decrease in the currency pair.</p><h3><strong>Fiscal policy</strong></h3><p>That is, an increase in spend or taxes being raised. This affects the competitiveness of the economies in question.</p><h3>Monetary policy divergence</h3><p>Monetary policy divergence between the European Central Bank (ECB) and the Federal Reserve. The speed and timing at which interest rates are raised or lowered. For example, If the US has been hiking rates at a faster pace than the EU, the Dollar could experience higher demand given the higher interest rate present and the potential for people to earn it.</p><h3>Sentiment indicators</h3><p>Sentiment based indicators such as: correlation to risk assets like equity markets, options markets in the form of 25 delta risk reversals and Commitment of Traders positioning data (net speculators positioning in particular). If net speculators are extremely skewed long or short, then this could indicate a tipping point for the pair.</p><h3>Appetite for EU and US shares</h3><p>If one region sees large demand relative to the other, this would affect the exchange rate.</p><h3>Major political events</h3><p>Any political or geopolitical event that affects the US or the EU could lead to drastic changes to the exchange rate. For example, elections in the US could have a temporary or long lasting effect on the Dollar, depending on the economic policies of whichever political party wins.</p></td></tr></tbody></table>

What factors move EUR/USD?

<table><tbody><tr><td><ul><li>Traders who seek to profit from short-term price moves.</li><li>Investors who have a long-term view on the currency pair.</li><li>Commercial hedgers - importers and exporters.</li><li>Central banks intervening in the FX markets or adding to their FX reserves.</li><li>Pension funds during monthly and quarterly rebalancing.</li></ul></td></tr></tbody></table>

Who invests in EUR/USD?

<table><tbody><tr><td><strong>Currency</strong></td><td>EUR</td></tr><tr><td><strong>Base margin</strong></td><td>3.33%<sup>✝</sup></td></tr><tr><td><strong>Contract size</strong></td><td>100,000</td></tr><tr><td><strong>Swap type</strong></td><td>Points</td></tr><tr><td><strong>3-day swap</strong></td><td>Wednesday</td></tr><tr><td><strong>Minimum average spread (pips)</strong></td><td>0.09*</td></tr><tr><td><strong>Trading hours</strong></td><td>Instrument available from 00:01 - 23:59. Market opens at 01:00 on Mondays, closes at 23:55 on Fridays.</td></tr></tbody></table>
<p><sub>*Average spreads updated April 2021.&nbsp;</sub></p>

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<h2>Commodities</h2>
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<h2>Why trade EURUSD with Pepperstone?</h2>

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<p>EUR/USD is a major currency pair, where USD is the quoted currency (the currency you're selling) and EUR is the base currency (the currency you're buying). The base currency will always be displayed on the left and the quote currency on the right. This exchange, conversion or transfer of currencies occurs on the foreign exchange (Forex) market at an agreed price between buyers and sellers.</p>

What does EURUSD mean?

<p>EUR/USD is available to trade from 00:01 - 23:59. Market opens at 01:00 on Mondays, closes at 23:55 on Fridays.</p>

When can I trade EURUSD?

<p>Start trading the EUR/USD today by following these simple steps:</p><ol><li>Login to your account. If you're not already a Pepperstone client, <a href="https://secure.pepperstone.com/register" target="_blank">open an account</a>. (Complete our short application form and fund your account)</li><li>Connect on your preferred trading platform (MT4, MT5 or cTrader)</li><li>Select 'EUR/USD' and place your trade</li><li>Monitor your position and close your trade when you’ve achieved the desired outcome</li></ol>

How can I start trading EURUSD with Pepperstone?

<p>You never have to wonder about what is happening in the Forex world.</p><p>Access all of our <a href="https://pepperstone.com/en-au/market-analysis" target="_blank">market news</a> and analysis, which is updated on a regular basis by our global research team. You can also subscribe to receive our <a href="https://pepperstone.com/en-au/market-analysis/daily-fix" target="_blank">Daily Fix</a>, written by our Head of Research Chris Weston.</p>

Where can I find EURUSD news?

<h3 style="text-align: center;">Ready to trade?</h3>
<p style="text-align: center;">It's quick and easy to get started. Apply in minutes with our simple application process.</p>

EUR/USD Trading

Why is trading EUR/USD so popular?

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Why trade EURUSD with Pepperstone?

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