Author
Author Chris Cammack

Euro [EUR] / US Dollar [USD]

Discover the latest movements and expert technical analysis on the EUR/USD currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.

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EUR/USD Background

The EUR/USD is the most commonly traded Forex pair in the world. Representing about 25% of all Forex trades, or somewhere in the region of 1.5 trillion USD every day, the EUR/USD is underpinned by the massive trade interaction between the United States and Europe.

Because of the sheer quantity of EUR/USD traded, this is the most liquid of the currency pairs, so volatility is limited, trade execution is usually very fast, and spreads are tight – often below 1 pip. The best time to trade the EUR/USD is when both the New York and European markets are open as this is when price movement is more pronounced.

Common events that affect the price movement of the EUR/USD are major announcements on interest rates by the European Central Bank and the Federal Reserve and the release of economic data that measures the economic health of the Eurozone and the USA. The most-watched data include employment rates, GDP growth and business confidence levels. The USD is also the world’s foremost haven currency, so the USD tends to strengthen against the EUR during economic downturns and times of financial instability.

The table below shows the Forex brokers with the lowest trading costs for EUR/USD, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/USD.

Best EUR/USD Forex Brokers

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Overall Rating
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
4.69
/ 5
0.60 pips
USD 0
USD 6
1 pips
USD 15.09
200:1
FCA Regulated Forex BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersFinancial Services Agency
Commodity Futures Trading AssociationFinancial Markets Authority of New ZealandBundesanstalt für FinanzdienstleistungsaufsichtBermuda Monetary Authority
Market Maker
Yes
Yes
4.68
/ 5
1.90 pips
USD 0
USD 19
1 pips
USD 15.09
30:1
FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersFinancial Services Conduct Authority
British Virgin Islands Financial Services Commission
Market Maker
Yes
Yes
4.62
/ 5
0.60 pips
USD 0
USD 6
1 pips
USD 15.09
200:1
FCA Regulated Forex BrokersASIC Regulated BrokersMonetary Authority of SingaporeCySEC Regulated Brokers
Cayman Islands Monetary Authority
Market Maker
Yes
Yes
4.61
/ 5
0.60 pips
USD 0
USD 6
1 pips
USD 15.09
30:1
FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex Brokers
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
NDD
Yes
Yes
4.59
/ 5
0.90 pips
USD 0
USD 9
1 pips
USD 15.09
400:1
ASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
Market Maker
Yes
Yes
4.58
/ 5
0.10 pips
USD 4
USD 5
1 pips
USD 15.09
30:1
CySEC Regulated BrokersFCA Regulated Forex BrokersLabuan Financial Services AuthorityFinancial Services Conduct Authority
The Seychelles Financial Services AuthorityDFSA Regulated Forex Brokers
STP
Yes
Yes
4.53
/ 5
0.06 pips
USD 7
USD 7.60
1 pips
USD 15.09
500:1
ASIC Regulated BrokersSecurities Commission of the BahamasFCA Regulated Forex BrokersCySEC Regulated Brokers
Market Maker NDD
Yes
Yes
4.53
/ 5
1.20 pips
USD 0
USD 12
1 pips
USD 15.09
500:1
CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex Brokers
Financial Services CommissionThe Seychelles Financial Services Authority
STP
Yes
Yes
4.49
/ 5
0 pips
USD 0
USD 0
0 pips
USD 0
30:1
CySEC Regulated BrokersFCA Regulated Forex BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
Market Maker NDD
Yes
Yes
4.46
/ 5
0.62 pips
USD 0
USD 6.20
1 pips
USD 15.09
30:1
CySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas
ECN/DMA
Yes
Yes

Latest Forex Market News

Middle East conflict roils the markets (again), but oil and gold held in check by fundamentals elsewhere

If we see a continuation or escalation of hostilities, expect gold, oil, and the USD to push even higher

Chinese dragon

Stocks up and dollar under pressure as Chinese stimulus gains politburo support

EM currencies are all already seeing a lift, with the South African Rand hitting 20-month highs against the USD.

US Federal Reserve

Fed cuts rates by 50bps, market response subdued… for now

We can now expect a relatively rapid reduction in interest rates for all major currencies and a period of increased volatility.

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