EURGBP ANALYSIS
The European Currency (Euro) against the British Pound Sterling
|
CENTRAL BANK |
ECB |
BoE |
|
FOREIGN CURRENCY RESERVES |
51.373 Million USD |
10.135 Million USD (Only BoE) |
◙ EURGBP Preface:
EURGBP is a Euro cross and one of the 8 most traded currency pairs in the world. EURGBP is considered as the 8th Major by Forex traders. Statistically, EURGBP is correlated to EURUSD.
◙ EURGBP Monthly Statistics:
These are the monthly average returns of EURGBP based on 15 years of daily data.
|
CALENDAR MONTH |
AVERAGE MONTHLY RETURNS |
TIMES (↑) |
TIMES (↓) |
AVERAGE DAILY VOLATILITY |
|
JANUARY |
-0.79% |
4 |
11 |
0.770% |
|
FEBRUARY |
0.79% |
10 |
5 |
0.752% |
|
MARCH |
0.57% |
10 |
5 |
0.695% |
|
APRIL |
-0.66% |
7 |
8 |
0.662% |
|
MAY |
-0.13% |
5 |
10 |
0.724% |
|
JUNE |
-0.29% |
9 |
6 |
0.700% |
|
JULY |
-0.32% |
8 |
7 |
0.620% |
|
AUGUST |
0.51% |
8 |
7 |
0.620% |
|
SEPTEMBER |
0.12% |
7 |
8 |
0.682% |
|
OCTOBER |
-0.39% |
6 |
9 |
0.730% |
|
NOVEMBER |
0.99% |
11 |
4 |
0.701% |
|
DECEMBER |
1.34% |
11 |
4 |
0.696% |
◙ Best Months to Trade the EURGBP:
(↑)-LONG TRADES
According to data during 2000-2014, the best months to go long on EURGBP are:
→ DECEMBER, with positive average returns of +1.34%
→ NOVEMBER, with positive average returns +0.99%
→ FEBRUARY, with positive average returns +0.79%
(↓)-SHORT TRADES
According to 2000-2014 data the best months to go short on EURGBP are:
→ JANUARY, with negative average returns -0.79%
→ APRIL, with negative average returns -0.66%
→ OCTOBER, with negative average returns -0.39%
◙ EURGBP Monthly Statistics Chart:
This is the EURGBP Monthly Performance Chart.
Chart: EURGBP Average Returns (%) per Calendar Month
◙ Most Volatile Days of the Week to Trade the EURGBP
These are the most volatile days to trade EURGBP based on the average pip range of each day of the week.
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
75 pips |
85 pips |
80 pips |
75 pips |
90 pips |
◙ Best Intraday Times to Trade the EURGBP:
In general, the best time to trade EURGBP is during the London session, especially from 8:00 GMT to 16.00 GMT.
◙ Forex Brokers and EURGBP Trading
These are some EURGBP Forex Brokers.
|
FOREX BROKER |
EURGBP SPREADS |
PLATFORMS |
ACCOUNT |
INFORMATION |
|
REGULATED BY:
US TRADERS: NO |
EURGBP SPREADS: 0.27 pip on Raw Spread Account & $7 per lot commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 □ cTrader SCALPING: YES
|
$200 Minimum Account for all trading platforms FUNDING METHODS
|
Wide Asset Index and Fast Order Execution WEBSITE: |
|
» FXDD REGULATED:
US TRADERS: NO |
EURGBP SPREADS: 0.8 pip on ECN Account & $7 per lot trade commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 SCALPING: YES FREE VPS: NO PAMM ACCOUNT: YES |
$100 Minimum Deposit Amount FUNDING METHODS
|
WEBSITE:
|
PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURJPY | » AUDUSD | » NZDUSD
◙ EURGBP ANALYSIS
CarryTrader.com
