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EURUSD trading is available 24 hours a day from Monday to Friday, aligning with the global forex market hours. The most active trading periods are during the overlap of the London and New York sessions.
Please see the EURUSD contract details for spread, swap, and other specifics.
Taking a short position in EURUSD means you're selling the Euro and buying the US Dollar. This means you expect the value of the Euro to decrease relative to the USD. For example, if you short EURUSD at 1.2000 and the price falls to 1.1950, you profit from the 50 pip decrease. However, if the price rises, you incur a loss.
Conversely, taking a long position in EURUSD means you're buying the Euro and selling the US Dollar. This means you expect the value of the Euro to increase relative to the USD. For example, if you long EURUSD at 1.2000 and the price rises to 1.2050, you profit from the 50 pip increase. However, if the price falls, you incur a loss.
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The EURUSD pair represents the exchange rate between the Euro and the US Dollar. It shows how many US Dollars are needed to purchase one Euro.
EURUSD prices are influenced by several factors, including interest rate differentials between the Eurozone and the United States, economic data releases, and geopolitical events.
For example, if the European Central Bank (ECB) announces an interest rate hike while the Federal Reserve maintains its rates, the Euro may strengthen against the Dollar, driving the EURUSD pair higher. Conversely, if the US releases strong economic data, such as higher GDP growth, it could boost the Dollar, causing EURUSD to fall.
An example scenario:
If you take a long position in EURUSD at 1.2000, anticipating the ECB will raise interest rates, and the rate increases as expected, the price might rise to 1.2050. You would then profit from the 50 pip increase. However, if the ECB does not raise rates and the price falls to 1.1950, you would incur a loss.
EUR/USD dropped to a two-week low near 1.1300 despite soft U.S. data, as hopes of potential trade deals lifted the dollar.
Detail Markets Steady as Tariff Hopes Offset Dovish Signals (04.30.2025)The euro rebounded toward 1.1375 but remained range-bound as dovish ECB rhetoric capped the upside. The yen fell to 142.4 after weak Japanese data, while the pound slipped to 1.338, still near a two-year high, supported by limited UK tariff exposure.
Detail Markets Eye ECB and BOE Cuts as Trade Optimism Lifts Dollar (04.29.2025)The euro slipped to 1.1415 as ECB rate cut bets strengthened, while the pound fell on growing BoE easing expectations.
Detail Dollar Pressures Currencies, GBP Holds Steady (04.28.2025)EUR/USD slipped near 1.1360 as dollar strength and expectations of a dovish ECB weighed on the euro. The Japanese yen neared 144 against the dollar, pressured by improving global trade sentiment and ahead of renewed U.S.-Japan trade talks.
Detail Markets Steady as Trump Eases Trade and Fed Concerns (04.25.2025)The U.S. dollar rebounded on Friday as President Trump reassured markets that U.S.-China trade talks continue and clarified his support for Fed Chair Powell.
Detail Markets Keep Steady During Fed Reassures, Tariff Fears (04.24.2025)The euro held near $1.1350 on Thursday as concerns over Fed independence eased but skepticism toward the U.S. dollar lingered.
Detail Markets Stabilize as Trump Calms Fed Concerns (04.23.2025)Global markets stabilized on Wednesday after President Trump confirmed he would not remove Fed Chair Powell, easing fears over central bank independence.
Detail Risk Aversion Rises on Trade (04.22.2025)The dollar weakened further on Tuesday as concerns over the Fed’s independence and mounting U.S.-China trade tensions rattled investors.
Detail Dollar's Dip Impacts Currencies and Gold (04.21.2025)The financial markets experienced significant fluctuations, driven by a weakening U.S. dollar and escalating trade tensions.
Detail Markets Pause After ECB Cut, Yen CPI Data, and Trade Jitters (04.18.2025)The euro eased slightly after the ECB delivered a widely expected rate cut but retained strong monthly gains. The yen held firm following Japan’s CPI data, while gold and silver pulled back from recent highs as traders booked profits ahead of the Easter holiday.
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