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Home » » Fundamental Analysis of the EUR/USD Pair

Fundamental Analysis of the EUR/USD Pair

As we enter the third quarter of 2021, we begin to feel the economic recovery following the COVID-19 pandemic. It’s time to enrich our knowledge, particularly in forex trading. In this article, we will discuss the fundamental analysis affecting the EUR/USD pair.

  1. About EUR/USD
    EUR/USD (EU) represents the exchange rate between the United States Dollar (USD) and the Euro (EUR). This pair is not only favored by retail traders but also by major banks. When EUR/USD rises, it means the Euro strengthens against the USD, and vice versa. Currently, 17 out of 26 European Union countries use the Euro as their official currency.
    This pair is most actively traded during the Euro session and the overlap with the American session (14:00 – 22:00 WIB), with daily movements ranging from 75 to 150 pips.

  2. The Journey of EUR/USD in the Market
    The EUR/USD pair is one of the most popular in the world. Since it began trading in 2000, its value and volume have consistently increased, despite experiencing corrections in 2005. The Euro reached an all-time high of 1.6 against the USD in mid-2008 but has since faced declines, particularly from 2015 onward.

  3. News Impacting the EUR/USD Pair
    Here are some fundamental factors that can influence the movement of EUR/USD:

    • FOMC Rate Decision: The Federal Reserve's interest rate decision. An interest rate hike typically strengthens the USD.
    • Non-Farm Payrolls (NFP): Employment data in the non-agricultural sector. If actual releases exceed predictions, the USD tends to strengthen.
    • FOMC Meeting Minutes: Minutes from the FOMC meetings that provide insight into future interest rate policies. Expectations of rate hikes usually bolster the USD.
    • ECB Rate Decision: The European Central Bank's interest rate decision. Releases that exceed expectations can strengthen the Euro.
    • IFO Business Climate Survey: An index reflecting the economic situation in Germany. Better-than-expected releases will support Euro strengthening.
    • European Trade Balance: The Eurozone's trade balance. A surplus strengthens the Euro, while a deficit may weaken it.
    • German Unemployment: Unemployment data in Germany that provides insights into unemployment in the Eurozone. Releases lower than predictions are generally positive for the Euro.
    • Gross Domestic Product (GDP): An indicator of economic growth. Releases exceeding predictions will strengthen the Euro.

    Additionally, pay attention to speeches from central bank officials, both from the Federal Reserve and the ECB, as these can directly impact the values of the Euro and USD.

Fundamental analysis of the EUR/USD pair is crucial for helping traders make informed decisions. By understanding the news and economic data that affect this pair, you can capitalize on trading opportunities. We hope this analysis is beneficial for your trading strategy!

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