A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. We keep the prices updated by checking the exchange rate margins and fees for each provider, and then apply them to the currency interbank rate; our best projection of their price to customers. Mon, 7 January, Market Data figures are provided for the trading day.
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The US Dollar is the most traded currency on the forex market, and the Euro is the second most traded currency. Designed to facilitate cross-border trade between EU nations, the Euro was launched on December 31, at a rate of 1. Initially a digital accounting currency, it entered circulation within 11 EU countries on January 1, and ended that day of trading at a rate of 0.
However, it fell significantly as a result of the financial crisis — hitting 1. Since then, Euro-Dollar has traded roughly between 1. For live analysis, view our news and technical analysis articles below.
The Euro-Dollar is attractive to forex traders because it offers high liquidity — a factor that often results in low spreads. It can also be a highly volatile pair, which creates opportunities for speculation. When you see the price increasing on the chart, it could mean one of three things. It could mean that the Euro is strengthening, that the US Dollar is weakening, or that both are happening simultaneously.
Whether you look at price patterns or fundamental news events, the chart can give you a sense of current trends. Find out the fundamentals that look likely to drive future price action. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias. David Song Currency Analyst. But don't just read our analysis - put it to the rest.
Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Click here to contact us. Eurozone Inflation Rate Revised Down to 1. Eurozone Jobless Rate Above Forecasts. Euro Area Jobless Rate Steady at 8. Eurozone September Inflation Rate Confirmed at 2. Australia Trade Balance Narrows in November. US Jobless Rate Rises to 3. Italy Inflation Rate at 7-Month Low of 1.
Portugal Inflation Rate Lowest in 8 Months. Malaysia Trade Surplus Smallest in 3 Months.