EURO vs US Dollar
EUR USD is the most liquid and popular trading asset of the currency market - it has more than one third of the whole volume of operations. Besides spot market, highly liquid derivative financial instruments with regard to EUR USD - futures, options, CFD - are in active circulation on the market (see EUR USD chart on-line).
Euro is the main financial opponent of the basic currency - US dollar, and, jointly with it, makes the largest part of the global currency supply that is in circulation. This currency pair is a reliable indicator of the market condition regarding most of trading assets. A large volume of information and current statistics regarding Euro US dollar rate provides the basis for multi-factor analysis and allows to make a full-fledged forecast of Euro US dollar. In the periods of political instability, forex EUR USD exchange rate declines, since US dollar, at such moments, is considered as a protective asset.
EUR USD forex forecast must take into account the following: the main economic indicators of Eurozone and the USA (discount rate, GDP, inflation, unemployment level, CPI, PMI, etc.); Statements made by officials and financial structures of those countries, by European and American financial regulators, and by key market participants;
Euro US dollar forecast is impossible without a thorough assessment of global political events, especially those of Eurozone and the USA; ECB's and FRS statements and monetary policy events; European stock market indexes FTSE 100, DAX, CAC 40.
Euro US dollar Forex forecast is carried out on the basis of the analysis of the Eurozone's and American economic statistics; the results of large corporations' reports; dynamics of raw material and commodity markets. In this regard, the pair is suitable for use by beginners and professionals practically in any trading strategy. Euro US dollar chart takes technical analysis well, and, in general, work off any fundamental EUR USD forecast.
The largest players of the market provide high liquidity to the asset. Main volume: exchange operations of ECB, large companies, bank hedging, commercial and long-term option contracts (see rate chart EUR USD on-line).