How to trade EUR/USD
EUR/USD is the most traded currency pair in the world. Its liquidity and tight spreads make it the best market to learn on.
What moves it
- Interest rates: decisions by the ECB and the Federal Reserve.
- Inflation: US and eurozone CPI releases.
- Employment: the US non-farm payrolls report.
- Global risk sentiment.
Practical facts
- One pip is 0.0001; on a standard lot it is worth about $10.
- Highest volatility during the London and New York sessions.
- Typical daily range of 50 to 100 pips, more on news days.
Frequently asked questions
Why is EUR/USD good for beginners?
Its liquidity, tight spreads and the huge amount of information available about it.