EURUSD is the most active and liquid pair in the whole Forex Market. The aggregate economic size of these two areas (US and Eurozone) is huge and that is reflected on the daily market activity of the EURUSD pair. EURUSD accounts for 28.5% of the total Foreign Exchange market volume.
■ EURUSD TRADING
Note that the American and European sessions overlap accounts for 70-80% of the total average range of trading.
- Best Time to Trade: between 13:00 GMT and 16:00 GMT(as both European and US Markets are active)
- Best Months to go Long: JUNE | DECEMBER
- Best Months to go Short: MAY | OCTOBER
- Positive Correlations: GBPUSD | AUDUSD
- Negative Correlations: USDCHF
■ EURUSD STATISTICS
Important statistics regarding EURUSD.
Table: EURUSD statistics
| EURUSD AVERAGE MONTHLY STATISTICS | |||||
| (JANUARY 2000 - SEPTEMBER 2018) | |||||
| MONTH | MONTHLY RETURNS | BULLS TIMES (↑) | BEARS TIMES (↓) | VOLATILITY | MOMENTUM (ΔMP) |
| (1) JANUARY | -0.66% | 9 | 10 | 0.88% | -0.18% |
| (2) FEBRUARY | -0.36% | 8 | 11 | 0.82% | -0.07% |
| (3) MARCH | 0.32% | 10 | 9 | 0.83% | 0.06% |
| (4) APRIL | 0.78% | 11 | 8 | 0.78% | 0.53% |
| (5) MAY | -0.72% | 7 | 12 | 0.84% | -0.63% |
| (6) JUNE | 0.62% | 13 | 6 | 0.84% | 0.40% |
| (7) JULY | 0.11% | 8 | 11 | 0.75% | 0.16% |
| (8) AUGUST | -0.19% | 11 | 8 | 0.76% | -0.11% |
| (9) SEPTEMBER | 0.40% | 9 | 10 | 0.81% | -0.10% |
| (10) OCTOBER | -0.70% | 7 | 11 | 0.83% | -0.64% |
| (11) NOVEMBER | 0.12% | 9 | 9 | 0.84% | -0.44% |
| (12) DECEMBER | 1.40% | 11 | 7 | 0.77% | 0.41% |
Source: CurrenciesFx.com (G.P.)
- EURUSD Intraday Volatility = [(Daily High - Daily Low) / Daily Low] %
■ EURUSD TRADING
EURUSD trading conditions.
| EURUSD TRADING | ROBOFOREX | LQDFX | IC MARKETS |
| MINIMUM TRADING SPREAD | 0.1 pip (EURUSD) | 1.1 pip (EURUSD) | 0.1 pip (EURUSD) |
| TRADING COMMISSIONS | $4.0 / ROUNDED LOT | NO | $7.0 / ROUNDED LOT |
| PLATFORMS | MT4 / MT5 / cTrader / R Stocks Trader | MT4 | MT4 / MT5 / cTrader |
| AUTOMATED TRADING | YES | YES | YES | FIX/API |
| PAMM ACCOUNTS | YES | YES | YES |
| TRADING LEVERAGE | 30:1 (EU) to 500:1 | 30:1 (EU) to 500:1 | 30:1 |
| ORDER EXECUTION MODEL | ECN | STP | ECN/STP |
| MINIMUM DEPOSIT & FUNDING OPTIONS |
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Researched and Edited by G. P. for CurrenciesFx.com (c)