- What factors influence the EUR/USD exchange rate?
EUR/USD is driven by ECB and Federal Reserve policy, interest rate differentials, inflation, economic growth, and geopolitical developments. High-impact data, such as Non-Farm Payrolls, CPI, GDP, and central bank statements, often trigger significant price movements.
- Why is EUR/USD the most traded currency pair?
It represents the world's two largest economies and accounts for approximately 24% of global foreign exchange volume. High liquidity delivers tight spreads, low slippage, and reliable technical behaviour, making it popular with both retail and institutional traders.
- What are the best trading hours for EUR/USD?
Liquidity peaks during the London–New York overlap (13:00–17:00 GMT). The London open and New York open frequently produce strong directional moves as markets react to fresh data.
- What spreads does TMGM offer on the EUR/USD pair?
Spreads start from 0.0 pips on Edge accounts (commission-based) and from 1.0 pips on Classic accounts (commission-free). Live spreads are available via TMGM's platform and Trading Calculator.
- What is a pip in EUR/USD trading?
A pip is the fourth decimal place (0.0001). A move from 1.1000 to 1.1001 equals one pip and is used to measure price movement, profit, and risk.
- Can I use EAs to trade EUR/USD on TMGM?
Yes. TMGM fully supports Expert Advisors on MT4 and MT5, with free VPS access for eligible accounts to ensure uninterrupted automated trading.