Best Time for Euro Trading (EUR / USD)

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Best Time for Euro Trading (EUR / USD)

The best time to trade Euros (EUR / USD) must be seen correctly so that your trading time is very effective to get big profits. In terms of global liquidity the first order is occupied by the US dollar and followed by the Euro in second, the Japanese Yen is third and the British pound is in fourth position. Forex traders speculate on the strengths and weaknesses of the Euro through a currency pair that sets comparative values ​​in real-time. When you enter the forex market, brokers will offer various currency pairs. But the majority of traders will focus on the six most popular currency pairs, namely:

Best Time for Euro Trading (EUR / USD)

  1. Euro (EUR) – US Dollar (USD)
  2. Euro (EUR) – Swiss Franch (CHF)
  3. Euro (EUR) – Japanese Yen (JPY)
  4. Euro (EUR) – British Pound (GBP)
  5. Euro (EUR) – Australian Dollar (AUD)
  6. Euro (EUR) – Canadian Dollar (CAD)

In general, Euro trading will take place continuously from Sunday night to Friday afternoon in the United States. Euro trading here offers significant opportunities for profit. However, volume and volatility can fluctuate greatly in every 24-hour cycle with demand spreads in less-popular currency pairs widening during the passive period and narrowing during the active period.

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Best Time for Euro Trading (EUR / USD)

Meanwhile the ability to open and close positions at any time marks the main benefits of forex. The majority of strategies used by the trade will be revealed during the active period. A fair number of traders are focusing on the EUR / USD pair which is the most popular and liquid currency pair in the world

PRICE OF EURO CATALYST

The best time for Euro trading is when it coincides with the release of economic data, opening hours in equities, options and futures exchanges. Future planning for this data release requires two-sided research because the Eurozone can move popular pairs with the same intensity as catalysts in each pair. Moreover, US economic data can have the biggest impact on all currencies, because of the importance of the EUR / USD pair.

In addition, the Euro pair is vulnerable to macroeconomic and political events that can trigger a correlation between prices on the stock market, bonds or forex. Yuan’s devaluation in 2015 and the 2011 Tsunami in Japan are perfect examples.

RELEASE OF ECONOMIC DATA

Eurozone monthly economic data is generally released at 02.00 ET in the United States. Time segments from 30 to 60 minutes before the release and one to three hours after that will be a very popular method for trading Euro pairs because these releases can impact at least 3 of the 5 most popular pairs.

While for the release of US economic data will occur between 8.30 am and 10.00 am ET. This will result in an extraordinary trading volume for the Euro. For the release of Japanese economic data, little attention was paid to the release at 4.30 and 10.00 ET which in fact the Euro zone was in its sleep cycle.

EURO AND STOCK EXCHANGE HOURS

The schedule for most Euro traders usually follows the stock exchange hours and focuses their activities when the Frankurt and New York stock exchanges and Chicago open. This localization resulted in an increase in trading volume around midnight in the US and continued until evening and lunch hours in America, when forex trading activity experienced a sharp decline.

So six popular currency pairs offer Euro traders various long-term and short-term opportunities. The best time to trade this instrument coincides with the release of key economic data at 1.30, 2.00, 8.30 and 10.00 ET and at midnight and midday.Best Time for Euro Trading (EUR / USD)

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