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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.
The dollar index steadied around 108.4 on Friday, its highest since November 2022, as investors awaited the PCE price index.
Detail Monetary Policy Divergence Fuels Market Volatility (12.19.2024)Recently, divergences in monetary policies among major central banks and economic uncertainties have caused volatility in financial markets. The Fed's signal of limited rate cuts strengthened the dollar, putting pressure on other G10 currencies and commodities.
Detail Gold Trades Around $2,650 Before Fed Cut (12.18.2024)Markets remained cautious as the Fed prepared for a widely expected 25bps rate cut.
Detail Markets Grapple with Central Bank Policy, Geopolitical Risks, and Mixed Data (12.17.2024)Global markets faced a complex blend of central bank signals, political uncertainties, and mixed economic indicators on Tuesday.
Detail Gold Appeal Rises, Growth May Slow in 2025 (12.16.2024)The Federal Reserve is expected to implement another 25bps rate cut at its final meeting of the year.
Detail Global Markets Adjust to Fresh CB Cuts Among Geopolitical Risks (12.13.2024)Markets navigated a challenging environment as the euro slipped near a two-year low following another ECB rate cut and hints of further easing.
Gold paused after a three-day rally as investors analyzed US inflation data, which showed headline inflation rose as expected and core inflation remained steady.
Detail Precious Metals Rise on Fed and China Bets (12.11.2024)The US dollar maintained its strength as investors awaited the US inflation report that could influence Federal Reserve policy.
Detail Central Banks and Geopolitical Strains Steer Market Sentiment (12.10.2024)The euro hovered near $1.05 as traders braced for another ECB rate cut and grappled with Eurozone uncertainties, including political unrest and subdued economic indicators. Meanwhile, the yen remained steady as the BOJ weighed possible interest rate hikes, and gold gained ground amid Chinese policy shifts and tensions in the Middle East.
Detail Euro Steadies as Political Calm and CB Outlook Shape Market Sentiment (12.09.2024)The euro remained steady near $1.06 following renewed confidence in French political stability and clearer indications of policy easing from the European Central Bank. President Macron’s initiative to appoint a new prime minister and secure the 2025 budget calmed investor nerves, while markets anticipate a 25 bps ECB rate cut next week, bringing the total expected easing through mid-2025 to 125 bps. Meanwhile, strong US jobs data increased bets on a December Fed cut, underscoring resilient economic conditions and global monetary policy shifts that keep the currency markets on edge.
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