EURUSD Spread Bets





Also see Live EURUSD chart below.



Where Can I Spread Bet on EURUSD?

You can speculate on EURUSD by using an account with the following spread betting providers:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live EURUSD Chart




Live EURUSD Chart




Where Can I Get Live Spread Betting Prices and Charts for EURUSD?

The chart above offers a valuable look at the current market trends.

Still, for investors that are spread trading EURUSD, the firms listed above give users access to real-time price updates and more advanced charts.

Typical spread betting chart from FinancialSpreads:

EURUSD Spread Bets - Example Chart



EURUSD Spread Betting Example

EURUSD Spread Bets
If you are interested in spread betting on an FX rate like EURUSD then, looking at a firm like InterTrader, you might get a quote of $1.34481 – $1.34491.

Therefore, you could bet on EURUSD to move higher than $1.34491 or to move lower than $1.34481.

When spread trading, investors speculate on every unit the market moves up or down. In the case of the EURUSD market a unit is $0.00010 of the currency pair’s price movement.

Let’s say, for this instance, you choose to stake £3 for every $0.00010 EURUSD rises or falls.


Spread Betting on the Market to Go Up

If you were to buy EURUSD at $1.34491 and the currency pair went up then you might see the price move to $1.34989 – $1.34999. If so, you might want to close your trade for a profit by selling at $1.34989.

Profits (or Losses) = (closing price of the market – initial price of the market) x stake per $0.00010
Profits (or Losses) = ($1.34989 – $1.34491) x £3 per $0.00010 stake
Profits (or Losses) = $0.00498 x £3 per $0.00010
Profits (or Losses) = £149.40 profit

However, if the currency pair were to fall to $1.34034 – $1.34044, you could choose to close your bet to prevent further losses. If this were the case, you would sell back at $1.34034.

With the same £3 per $0.00010 stake:

Profits (or Losses) = (closing price of the market – initial price of the market) x stake per $0.00010
Profits (or Losses) = ($1.34034 – $1.34491) x £3 per $0.00010 stake
Profits (or Losses) = -$0.00457 x £3 per $0.00010
Profits (or Losses) = -£137.10 loss


Spread Betting on the Market to Go Down

A useful benefit of placing a spread bet is that you can go short of the markets, i.e. bet that the markets are going to go down.

When we began this example, the market was priced at $1.34481 – $1.34491.

If you went short of EURUSD at $1.34481 and the currency pair went down then the market might be re-priced at $1.33924 – $1.33934. In that case, you might want to close your position for a profit by buying at $1.33934.

Profits (or Losses) = (initial price of the market – closing price of the market) x stake per $0.00010
Profits (or Losses) = ($1.34481 – $1.33934) x £3 per $0.00010 stake
Profits (or Losses) = $0.00547 x £3 per $0.00010
Profits (or Losses) = £164.10 profit

Markets do of course rise, if the currency pair had moved up to $1.34974 – $1.34984, you might decide to close your position to restrict your losses. Therefore, you’d buy at $1.34984.

Therefore, with the same £3 per $0.00010 stake:

Profits (or Losses) = (initial price of the market – closing price of the market) x stake per $0.00010
Profits (or Losses) = ($1.34481 – $1.34984) x £3 per $0.00010 stake
Profits (or Losses) = -$0.00503 x £3 per $0.00010
Profits (or Losses) = -£150.90 loss


EURUSD Rolling Daily market taken as of 25-Jul-14.

Be aware that this is a ‘Rolling Daily’ trade. These trades don’t have a fixed settlement date and will just rollover to the next trading day. If it does roll, then you may incur a small charge or receive a small credit. Also see rolling daily spread trading.



EURUSD Demo Accounts

But what if you just want to practice? The firms listed below provide practice accounts, i.e. accounts that you can use to have a go at spread betting on EURUSD without putting your money at risk.


5-Sep-2014 Update: No Floor for GBPUSD

With EUR/USD at $1.311 we’re now at the lowest level for a year and just off the lowest level since July 2013.

EURUSD is by far the most popular FX market in spread betting and according to the BIS (Bank of International Settlements) it’s also the most traded FX market.



User Questions and Answers on EURUSD

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