The EUR/USD (euro/ US dollar) is the most widely traded currency pair and is the relation of the euro against the US dollar.
Forex Knowledge: Trading the Euro/US Dollar
- Typical broker spread: 0.2-3 pips
- Common used nicknames: Euro or Fiber
- Most active trading sessions: Euro and US session
- Most active trading hours: 6:30 GMT – 16:30 GMT
- Average daily range (high-low): 115 pips
- Trading strategies to trade EUR/USD: Click here
- Recommended level of trading experience: New
- Value of one pip EUR/USD: $10 (standard), $1 (mini) and $0.1 (mirco)
Economic Events That Move The Euro/Dollar
A. EURO-ZONE
- Trade Balance (Euro Zone)
- Gross Domestic Product (Euro Zone)
- Consumer Price Index (CPI) (Euro Zone)
- ZEW Survey (Euro Zone)
- ECB Rate Announcement and Press Conference
- Current Account (Germany)
- Trade Balance (Germany)
B. United States
- Employment – (Non-Farm Payrolls and Unemployment Rate)
- FOMC Rate Decision
- Trade Balance
- Current Account Balance
- Net Foreign Security Purchases (TIC)
- Gross Domestic Product (GDP)
- Consumer Confidence
- ISM Manufacturing
- Philadelphia Fed Survey
- Durable Goods Orders
- University of Michigan Consumer Sentiment Index
- Consumer Price Index
- Producer Price Index (PPI)
- Advance Retail Sales
- Fed President Speaks
