This page on Forex TraderNova includes some of the major trading pairs around the world, such as EUR / USD, USD / JPY and GBP / USD, and a list of Forex currency pairs for further information. Forex market offers. Keep reading to get acquainted with the major Forex pairs and find out what factors affect their price movements.
What are the main Forex currency pairs?
There is disagreement in the definition of the major Forex pairs, but most traders agree on the Eurodollar, the Yen, the Pound and the Dollar. Some also see the currencies of one side of the US dollar, the euro and the British pound as one of the major currencies. But the ones we mentioned represent the largest volume of trading in this market:
- EUR / USD
- USD / JPY
- GBP / USD
- USD / CHF
EUR / USD
The Euro / US dollar, the “Forex King”, is the most traded currency pair in the world, ordering 23% of FX trading in 2016. The euro and the US dollar represent the two major world economies, the US economy and the US economy. European Union.
The popularity of the EUR / USD guarantees a wide trading volume. The large volume reduces the price difference between the purchase price and the selling price and ultimately the spread.
USD / JPY
The USD / JPY is also known as the “Ninja” and is the second currency pair to be traded. The yen is often used by shipping traders who borrow the yen and invest it in higher-yielding currencies. The Bank of Japan has had to fight inflation and low growth for years, resulting in very low interest rates.
USD / JPY is also trading at a very high volume, leading to low spreads and high liquidity. The yen is also known among traders as the forex safe margin.
GBP / USD
GBP / USD (GBP / USD) has been named “cable” because of the submarine cables previously used for trading between the US and European continents across the Atlantic.
This Forex currency pair is similar to EUR / USD. Both are highly correlated due to the solidarity of the British economy with the EU. Traders have very good spreads in GBP / USD due to their high liquidity.
USD / CHF
USD / CHF (US Swiss / Swiss Franc), nicknamed “Swissy”, derives its popularity from the safe haven situation in Switzerland. When risk / volatility enters the market, traders use the Swiss franc because the Swiss economy has less risk.
Complete Forex Currency List
In the table below you can read the complete list of Forex currency pairs along with the spreads and trading conditions that Forex offers and compare with other Forex brokers.
|Currency Pair||Spread||Bid / Ask (at the time of writing)|