EUR/USD Spread Betting
Indicative EUR/USD prices:
Click on the tabs for key stock market indices, forex and equities markets.
|
Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
|
|
A forex comparison table covering EUR/USD and other popular markets:
| EUR / USD Daily - Spread Size |
1 |
1 |
1 |
2 |
0.8 |
1 |
1 |
1 |
| EUR / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| GBP / USD Daily - Spread Size |
2 |
2 |
2 |
3 |
0.8 |
2 |
2 |
2 |
| GBP / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| EUR / GBP Daily - Spread Size |
1 |
2 |
2 |
1 |
1 |
1 |
1 |
3 |
| EUR / GBP Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Daily - Spread Size |
0.8 |
2 |
1 |
2 |
0.8 |
0.8 |
0.8 |
3 |
| USD / JPY Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
Where Can I Spread Bet on EUR/USD? |
You can spread bet on EUR/USD, EUR/GBP, GBP/USD and a wide variety of other markets, with:
EUR/USD Market Analysis and Trading News
|
| 17-May-13 |
[4:14pm] A stronger US dollar has been given a boost by this talk of potential reductions in QE, and the broader dollar index now sits near a ten-month high.
This is good for imports to the US, allowing Americans to spend more, with today's Michigan index reflecting a steady rise in optimism.
If Ben Bernanke can manage the transition from ultra-loose to tighter monetary policy the 'almighty dollar' could be one of the themes of 2013.
Update by Chris Beauchamp, Market Analyst, 
|
| 17-May-13 |
[12:36pm] The European Central Bank’s avoidance of quantitative easing had been partly the result of improving market metrics relieving the stress off peripheral bond yields.
Spain was spared the sacrifice of imposing deeper austerity policies as a condition to get more from an ECB bailout after its 10-year bond yields tumbled 50% off their July highs.
With market metrics in better shape, the ECB is now occupied with deepening recessions throughout the bloc.
These come in the form of 6 consecutive quarterly GDP contractions in the Eurozone, 7 straight contractions in Italy and the second quarterly decline in France.
Chatter of negative ECB interest rates may end up being just that i.e. mere talk. With the euro we are increasingly seeing the ‘selling of the bounce’ rather than ‘buying the dip’.
Update by Ashraf Laidi, Chief Global Strategist, 
|
| 17-May-13 |
[7:34am] US Dollar was mixed against most of its major counterparts on Thursday.
On the US economic data front, consumer price index (CPI) declined 0.4% MoM in April (-0.3% expected and -0.2% in March), initial jobless claims for the week ended May 11th rose to 360K (330K expected) from 328K.
Also, Philly Fed Manufacturing Index decreased to -5.2 in May (2.0 expected) from 1.3 the previous month.
Finally, housing starts dropped 16.5% MoM in March (-6.4% expected) while building permits jumped 14.3% MoM (+3.8% expected) according to data released by the Commerce Department.
Update by 
|
| 17-May-13 |
[7:23am] US Dollar Index Rises
The dollar index, which measures the dollar's value against a basket of currencies, rose 0.4% to 83.927, nearing a 10-month high of 84.094 set earlier this week.
This comes after US Federal Reserve officials said the central bank may begin to taper its asset buying this summer.
Update by Max Cohen, Trader, 
|
| 17-May-13 |
[7:12am] The euro is continuing to look bearish against the dollar, as it fast approaches its initial target of $1.28.
This target is based on the size of the double top the pair broke below recently and the neckline of the head and shoulders on the weekly chart.
We saw a brief period of dollar selling yesterday, following the release of some woeful US figures.
However, this was only temporary, and the pair quickly recovered to trade slightly lower on the day.
Yesterday's candle could therefore be seen as a potential bullish signal, given that it looks like a textbook doji.
However, given the way the price action reacted to the temporary dollar weakness, I remain bearish.
This is highlighted perfectly on the four-hour chart, where the price action bounced aggressively off the middle Bollinger band as there was clearly a combination of profit taking and sell orders.
It is also worth paying attention to the death cross which we're seeing on the daily chart, 50 day SMA crossing below the 200 day SMA. This is quite a bearish signal.
Although looking back over the last five years or so, the price action immediately following the cross does quite often turn bullish briefly, before heading lower.
Update by Craig Erlam, Market Analyst, 
|
| 17-May-13 |
[6:35am] EUR/USD Technical Analysis:
The downward pressure on the euro continues to push it towards the twin lows at $1.2750, which we last saw in March and April, while below that we have broader support at $1.2680.
Any pullbacks are likely to find resistance at this week’s high of $1.3020 and the 200-day MA at $1.3000.
The $1.3200 level remains the key resistance level while we also have $1.3235 the 50% retracement of the $1.3710/1.2755.
Update by Michael Hewson, Senior Market Analyst, 
|
| 17-May-13 |
[6:23am] With two Fed members discussing a possible tapering of QE, the euro-dollar rate struggled for gains and slipped back below the $1.2900 level to $1.2880.
Despite the move, the pair did manage to finish unchanged on the day following some earlier strength.
Update by Jonathan Sudaria, Market Dealer, 
|
| 17-May-13 |
[4:22am] EUR/USD closed lower on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins trading. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends this month's rally, the 50% retracement level of the February-April's decline crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
Update by 
|
| 17-May-13 |
[4:00am] The GBP is trading 0.2% lower against the USD at $1.5248, slightly lower against the EUR at €1.1855, and 0.1% down against the JPY at ¥155.92.
The EUR is trading 0.2% lower against the USD at $1.2862 and marginally lower against the JPY at ¥131.53, as investors await the release of construction output data from the Eurozone to get further direction.
The USD is trading 0.1% higher against the JPY at ¥102.27, amid speculation that the Fed minutes next week will reveal a hawkish tone following the comments from San Francisco Fed President John Williams.
Yesterday, the USD ended lower against its major counterparts, following weaker-than-forecast reports on US unemployment claims, housing and inflation.
However, the greenback managed to claw back some of its losses, after San Francisco Fed President John Williams stated that the central bank might taper quantitative easing, possibly as early as the summer. This is based on whether the economy grows in line with his forecasts.
The EUR fell against the GBP, as investors speculated that the ECB might extend its monetary stimulus measures to revive growth in the region. The EUR also fell, as data indicated that region's annual inflation rate declined to 1.2% in April from 1.7% in March.
The AUD slipped against majority of its 16 counterparts, amid rising concerns that a slowdown in global growth would hurt commodity prices.
Update by Ishaq Siddiqi, Market Analyst, 
|
» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Advert:
EUR/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/USD with
Financial Spreads.
|
Where Can I Spread Bet on EUR/USD for Free? |
Trading the forex markets always involves an element of risk. However, if you want to try a completely free Demo Account, that lets you practice your spread trading, see below for further details.
When looking at which forex option is right for you, don't forget that financial spread betting in the UK is tax free*, i.e. it is exempt from capital gains tax, stamp duty and income tax.
If you are looking for a free forex website then note that you are able to financial spread bet on EUR/USD without having to pay any brokers' fees or commissions via:
If you'd like to open a virtual money Demo Account to get a feel for spread betting, and speculating on markets such as the DAX 30, gold and EUR/USD, then it's worth taking a closer look at:
The firms listed above provide a free Test Account which lets users gain experience with trading orders, study professional charts and try out new trading ideas.
Where Can I Find Live Spread Betting Prices and Charts for EUR/USD? |
If you are interested in the daily spread betting market then we do show reasonably accurate EUR/USD prices above.
The interactive CFD trading chart below will also offer you a handy guide to the EUR/USD FX rate.
The Plus 500 chart above typically tracks the EUR/USD futures price.
If you would like to analyse real-time spread betting prices and charts for EUR/USD, you will probably need a spread betting account.
A spreads account would also let you speculate on the shorter-term daily markets. Users should note that opening a spreads account is normally subject to status and suitability checks.
Should your new account be approved then, after logging in, you will be able to see the live prices and charts. These are usually provided as part of the service. So what's the catch? You are likely to receive the odd boring email or sales call from your spread betting provider.
Of course, if you do trade, remember that financial spread trading and contracts for difference carry a significant level of risk and can result in losses that exceed your initial deposit.
Professional Charting Packages for EUR/USD |
Despite the fact that the specific charting packages differ between firms, to help your EUR/USD analysis, the charts generally come with:
- A variety of intervals, for example, 5 minutes, 1 hour, 4 hours etc.
- Different display options, for example, candlestick charts and line charts
- Tools for adding features, for example, Fibonacci arcs, time zones and fans
- Technical indicators and chart overlays, for example, Moving Average, RSI, Williams %R etc.
The FinancialSpreads.com charts also come with other benefits:
- Back Testing functions
- Custom email notifications for when a market reaches a given level
Sample forex chart from FinancialSpreads.com
The spread trading firms below all offer their account holders real time trading prices and charts:
How to Spread Bet on EUR/USD? |
As with many global markets, you can speculate on forex pairs, like EUR/USD, to rise or fall.
If you log in to Financial Spreads, you can see they are currently pricing the EUR/USD Rolling Daily market at $1.28609 - $1.28619. Therefore, an investor could spread bet on the EUR/USD rate:
 Rising above $1.28619, or
 Falling below $1.28609
When placing a spread bet on EUR/USD, you trade in £x per point where a point is $0.00010 of the pairs movement. As a result, should you choose to risk £4 per point and EUR/USD moves 32.0 points then that would make a difference to your profits (or losses) of £128. £4 per point x $0.00320 = £4 per point x 32.0 points = £128.
Rolling Daily Foreign Exchange Markets
One thing to note is that this is a Rolling Daily Market which means that unlike a normal spread betting futures market, there is no closing date. If a trade is still open when the markets close at the end of the day, it will just roll over into the next trading session.
Should your forex spread bet roll over then you normally pay a small overnight financing fee. For more information, and a look at overnight charges, see Rolling Daily Spread Betting.
EUR/USD Rolling Daily - Forex Spread Trading Example |
If we think about the spread of $1.28609 - $1.28619 and assume that:
- You have completed your forex research, and
- You feel that the EUR/USD market will move higher than $1.28619
Then you may decide to go long of the market at $1.28619 for a stake of, let’s say, £3 per point.
This means that you make a profit of £3 for every point ($0.00010) that the EUR/USD rate rises above $1.28619. Nevertheless, such a trade also means that you will lose £3 for every point that the EUR/USD market falls below $1.28619.
Considering this from another angle, with spread betting if you ‘Buy’ a market then your P&L is calculated by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that price difference by your stake.
If after a few sessions the rate started to increase then you might think about closing your position in order to lock-in your profit.
Taking this a step further, if the market did go up then the spread, set by the spread trading company, might change to $1.29063 - $1.29073. In order to close your trade you would sell at $1.29063. So, with the same £3 stake your profit would be calculated as:
P&L = (Closing Price - Opening Price) x stake
P&L = ($1.29063 - $1.28619) x £3 per point stake
P&L = $0.00444 x £3 per point stake
P&L = 44.4 points x £3 per point stake
P&L = £133.20 profit
Speculating on the FX markets is rarely simple. In the above example, you wanted the currency pair to rise. Nevertheless, it can also fall.
If, against your expectations, the EUR/USD rate weakened, you might choose to close your spread bet to limit your losses.
Should the market fall back to $1.28233 - $1.28243 you would sell back your position at $1.28233. That would mean you would make a loss of:
P&L = (Closing Price - Opening Price) x stake
P&L = ($1.28233 - $1.28619) x £3 per point stake
P&L = -$0.00386 x £3 per point stake
P&L = -38.6 points x £3 per point stake
P&L = -£115.80 loss
Note - EUR/USD Rolling Daily spread betting price taken as of 11-Sep-12.
Advert:
EUR/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/USD with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'EUR/USD Spread Betting' by DB, updated 17-May-13
For related pages also see:
Forex Spread Betting, updated 17-May-13
Forex spread betting guide with live prices and charts. Plus a daily forex market review, forex spread betting comparison, where to trade forex commission-free and tax-free* as well as...read article: Forex Spread Betting.
Forex Trading, updated 16-May-13
Compare Forex spreads. Compare EUR / GBP / USD / YEN spreads. The latest forex trading news, where to find free Forex charts and...read article: Forex Trading.
Forex Spread Betting Guides, updated 26-Apr-13
Over 40 individual forex spread betting guides for EUR/USD, EUR/GBP, USD/JPY, GBP/USD etc. Each guide looks at live prices and charts, a trading example, where to spread bet on the market and...read article: Forex Spread Betting Guides.
GBP/USD Spread Betting, updated 17-May-13
GBP/USD spread betting guide with live GBP/USD prices and charts. Plus GBP/USD spread betting price comparison, how and where to trade GBP/USD commission-free and tax-free* as well as...read article: GBP/USD Spread Betting.
USD/JPY Spread Betting, updated 17-May-13
USD/JPY spread betting guide with live USD/JPY prices and charts. Plus USD/JPY spread betting price comparison, how and where to trade USD/JPY commission-free and tax-free* as well as...read article: USD/JPY Spread Betting.
EUR/USD Spread Betting, updated 17-May-13
EUR/USD spread betting guide with live EUR/USD prices and charts. Plus EUR/USD spread betting price comparison, how and where to trade EUR/USD commission-free and tax-free* as well as...read article: EUR/USD Spread Betting.
EUR/GBP Spread Betting, updated 17-May-13
EUR/GBP spread betting guide with live EUR/GBP prices and charts. Plus EUR/GBP spread betting price comparison, how and where to trade EUR/GBP commission-free and tax-free* as well as...read article: EUR/GBP Spread Betting.
AUD/USD Spread Betting, updated 17-May-13
AUD/USD spread betting guide - live AUD/USD prices and charts, a look at spread betting on AUD/USD commission-free and tax-free* as well as...read article: AUD/USD Spread Betting.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
