Frequently Asked Questions
What is the pip value for EUR/AUD?
One standard lot (100,000 units) on EUR/AUD has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is EUR/AUD most active?
EUR/AUD sees its highest trading volume during the London and Sydney sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect EUR/AUD most?
The most impactful events for EUR/AUD come from the EUR and AUD economies. ECB interest rate decisions and President Lagarde's press conferences are the euro's biggest volatility events. Eurozone flash PMIs and German Ifo business climate data also drive significant intraday moves. RBA cash rate decisions and the accompanying statement drive AUD pairs. Chinese economic data — PMIs and industrial production — often have an outsized effect since China is Australia's largest trading partner. The upcoming events section above lists the specific releases scheduled in the next two weeks.