About Eurusd and Eurusd Trading
What type of currency pair is EUR/USD?
The EUR/USD is one of the major currency pairs, as it consists of two major currencies: the Euro and the U.S Dollar.
In this currency pair, the U.S Dollar is the quote currency, and the Euro is the base currency. The EUR/USD currency pair shows traders how much the EUR is worth when compared to the USD. EUR/USD is generally regarded as the most traded currency pair, and subsequently, it's also one of the most liquid ones.
Why is the EUR/USD currency pair crucial to traders?
There are many reasons why the EUR/USD is the most traded currency pair worldwide: the combination of volatility and liquidity, the huge amount of market data available on it, and the giant popularity of the pair, just to name a few. Last but not least, both the EUR and USD are two of the strongest currencies in the world.
The EUR/USD pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth. Additionally, reports such as Consumer's Price Index, Non-Farm Payrolls (NFP) or Unemployment Claims can impact the pair's quotations.
Also, monetary policy is one of the most important drivers that influence the EUR/USD pair, with both the European Central Bank and Federal Reserve having a big role in dictating interest rates and general economic outlook.
How can you trade the EUR/USD currency pair?
At CAPEX.com you can follow the EUR/USD live chart to trade on the price movements of this currency pair through CFDs. Whenever you believe prices will go up, you can open a long position (BUY). Should you believe prices will go down, you can open a short position (SELL).
Here at CAPEX.com, you can trade the EUR/USD pair from Sunday to Friday, between 21:05-20:55 GMT.