The euro trades continuously from Sunday evening to Friday afternoon in the U.S., with volume and volatility peaking during active periods, particularly in the highly liquid EUR/USD pair. However, there are other EUR pairs. In this article, we'll look at those pairs, when it might be best to trade the euro, and what some catalysts are to invoke those times.

Understanding Euro Pairs

The euro (EUR) ranked second behind the 澳洲幸运5开奖号码历史查询:U.S. dollar (USD) in terms of global liquidity at the time of publication, trailed by the 澳洲幸运5开奖号码历史查询:Japanese yen (JPY) and 澳洲幸运5开奖号码历史查询:British Pound (GBP). Forex traders speculate on EUR strength and weakness through 澳洲幸运5开奖号码历史查询:currency pairs that establish comparative value in real-time.

Although brokers offer💃 dozen☂s of related crosses, most clients focus their attention on the six most popular pairs:

• U.S. dollar (USD) - EUR/USD
• 澳洲幸运5开奖号码历史查询:Swiss franc (CHF) - EUR/CHF
• Japanese yen (JPY) - EUR//JPY
• British Pound (GBP) - EUR/GBP
• 澳洲幸运5开奖号码历史查询:Australian dollar (AUD) - EUR/AUD
• 澳洲幸运5开奖号码历史查询:Canadian dollar (CAD) - EUR/CAD

Best Hours to Trade

EUR trades continuously from Sunday evening to Friday afternoon in the United States, offering significant profit opportunities. However, volume and 澳洲幸运5开奖号码历史查询:volatility can fluctuate greatly in each 24-hour cycle, with 澳洲幸运5开奖号码历史查询:bid/ask spreads in the less popular pairs widening during 澳洲幸运5开奖号码历史查询:quiet periods and narrowing during active periods. While the ability to open and 澳洲幸运5开奖号码历史查询:close positions at any time marks a key benefit of forex, the majority of 澳洲幸运5开奖号码历史查询:trading strategies unfold during active periods.

Many forex traders focus their full attention on the EUR/USD cross, the most popular and liquid currency market in the world. The cross maintains a tight spread throughout the 24-hour cycle, while multiple intraday catalysts ensure that price actions will set up tradable trends in both directions and along all time frames. Long- and short-term swings also work extremely well with classic 澳洲幸运5开奖号码历史查询:range-bound strategies, including 澳洲幸运5开奖号码历史查询:swing trading and 澳洲幸运5开奖号码历史查询:trading channels.

Euro Price Catalysts

The best time to trade the euro coincides with the release of economic data, as well as the open hours at equity, options, and futures exchanges. Planning ahead for these data releases requires two-sided research because local (eurozone) catalysts can move popular pairs with 🤪the same intensity as catalysts in each of the cross venues. Moreover, U.S. economic data c🥂an have the greatest impact on all currencies, due to the overriding importance of the EUR/USD pair.

In addition, EUR crosses are vulnerable to economic and political macro events that trigger highly correlated price actions across equities, currencies, and 澳洲幸运5开奖号码历史查询:bond markets worldwide. It's an older example, but China’s yuan devaluation in August 2015 offers a perfect illustration. Even natural disasters can generate this type of 💃coordinated response, as evidenced by the 2011 Japanese tsunami.

Economic Releases

Eurozone monthly economic data is generally released at 2 a.m. Eastern Time (ET) in the Uni𓂃ted States. The time segment from 30 to 60 minutes before these releases and one to three h𝐆ours afterward highlights an enormously popular period to trade EUR pairs because the news will impact at least three of the five most popular crosses. It also overlaps the run-up into the U.S. trading day, drawing in significant volume from both sides of the Atlantic.

U.S. economic releases tend to be released between 8:30 a.m. and 10 a.m. ET and generate extraordinary EUR trading volume as well, with high odds for strongly trending 澳洲幸运5开奖号码历史查询:price movement in the most popular pairs. Japanese data releases get less attention because they tend to come out at 4:30 p.m. and 10 p.m. ET when t🥃he eurozone is in the middle of its sleep cycle. Even so, trading volume with the EUR/JPY and EUR/USD pairs can spike sharply around these time zones.

Euro and Equity Exchange Hours

The schedules for many EUR traders roughly follow exchange hours, centering their activity when the Frankfurt and New York equity markets and Chicago futures and options markets are open for business. This localization generates an increase in trading volume around midnight on the U.S. East Coast, continuing through the night and into the American lunch hour when 澳洲幸运5开奖号码历史查询:forex trading activity can drop sharply.

However, central bank agendas shift this activity cycle, with forex traders around the world staying at their desks when the 澳洲幸运5开奖号码历史查询:Federal Reserve (FOMC) is scheduled to release a 2 p.m. ET interest rate decision or the minutes of the prior meeting. The 澳洲幸运5开奖号码历史查询:Bank of England (BOE) issues its rate decisions at 7 a.m. ET, while the 澳洲幸运5开奖号码历史查询:European Central Bank (ECB) fol♍lows at 7:45 a.m. ET, with both releases tak꧙ing place in the center of high-volume EUR activity.

The Bottom Line

Six popular currency pairs offer euro traders a wide variety of short- and long-term opportunities. 澳洲幸运5开奖号码历史𒁏查询:The best times t🦄o trade these instruments coincide with key economic releases at 1:30 a.m., 2 a.m., 8:30 a.m., and 10 a.m. U.S. Eastern Time, as well as between miꦍdnight and noon, when European and American exchanges keep all cross markets active and liquid.