EUR/USD Live Rates and Charts, News, Signals & Analysis - FX Leaders

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A recent Reuters poll reveals that the Eurozone economy is likely to have avoided falling into recession in 2019, but could witness only
5 h
It's a day when the U.S. will release it's the last NFP of 2019, which is why the market is a bit muted during the Asian session, and the...
9 h
The U.S. dollar, which has dominated the currency market for the past couple of years, is likely to maintain its position of strength...
10 h
EUR/USD retraced lower yesterday in the afternoon, but the 200 SMA held as support and today it has run higher despite weak data
1 d
Gold continues to trade bullish, having test our previously suggested 1,484 level over safe haven appeal. On the 4 hour chart, gold is...
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The European Union as well as France have expressed their readiness to retaliate in case Trump goes ahead with these tariff hikes.
2 d
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About the EUR/USD (Euro/US Dollar)

The EUR/USD is the most frequently traded currency pair in forex, nicknamed the Fiber. Representing two of the largest economies in the world, the value of the EUR/USD depends significantly on the relative economic strength of each nation. It's not much of a surprise that the EUR/USD is the most popular traded currency pair in the world. But while strong volatility and volume bring day traders from all over the world to EUR/USD, producing substantial profits is no straightforward feat.

The currency pair indicates how many US dollars (the quote currency) are needed to purchase one Euro (the base currency). For example, if the pair is trading at 1.20, it means that it takes 1.20 US dollars to buy 1 Euro.

What Determines the EUR/USD Exchange Rate?

Several factors can impact the EUR/USD valuation, including:

ECB & US FED Monetary Policies:  The European Central Bank and the Federal Reserve control the supply of money in the market, to keep the economy on track. A dovish policy, which is also known as expansionary policy, weakens the currency. In contrast, a hawkish monetary policy (contractionary policy) strengthens the single currency Euro.

Economic Events:

Any movement in the US and Eurozone economic events determines the exchange rates. Top of the line economic events include GDP, Employment Change, Industrial Production, and Consumer Price Index. Better than forecast data increases the demand for the related currency and impacts the value of either the Euro or the US Dollar, causing fluctuations in the EUR/USD exchange rate.

Major Economic Events:

  • Gross Domestic Product – the Gross domestic product is the central measure of economic growth in the region.
  • Employment Change – The Euro is also sensitive to changes in employment, particularly in the Eurozone's largest economies like Germany and France.
  • Consumer Price Index – Since one of the goals of the ECB is to maintain price stability, they keep an eye on inflation indicators such as the CPI.
  • If the annual CPI deviates from the central bank target, the ECB could make use of its monetary policy tools to keep inflation in check
  • German Industrial Production – This measures a change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
  • Political Events - Another critical factor is the political aspect. Instability, as seen in the Brexit referendum, can entirely change the direction of the currencies. The real challenge begins in keeping an eye on the various countries within the Eurozone. So, stay up-to-date on the latest political and economic news.

EUR/USD Specifications

The EUR/USD is traded in amounts denominated in the US Dollar.
Standard lot Size: 100,000
Mini lot size: 10,000
One pip in decimals 0.0001
Pip Value: $10

Formula:

Pip Value Dollar  = Pip in decimal places * Trade Size