Understanding Major Currency Pairs (The Majors)
The seven most frequently traded currency pairs in the forex market are collectively known as The Majors. These pairs share specific characteristics that make them highly popular among traders, accounting for approximately 80% of the total traded volume.
The Seven Major Currency Pairs
The pairs are listed below by their formal name, along with their common market nickname:
- Euro / US Dollar (EUR/USD)
- US Dollar / Japanese Yen (USD/JPY) — Nickname: The Yen
- Pound Sterling / US Dollar (GBP/USD) — Nickname: The Cable
- Australian Dollar / US Dollar (AUD/USD) — Nickname: The Aussie
- US Dollar / Swiss Franc (USD/CHF) — Nickname: The Swissy
- US Dollar / Canadian Dollar (USD/CAD) — Nickname: The Loonie
- New Zealand Dollar / US Dollar (NZD/USD) — Nickname: The Kiwi
Detailed Summary
The text identifies the seven most actively traded currency pairs in the forex market, grouping them under the title "The Majors." These pairs are exceptionally popular among traders due to shared characteristics and represent approximately 80% of the market's total trading volume. The summary lists these seven pairs along with their formal names and common market nicknames, such as EUR/USD, USD/JPY (The Yen), and GBP/USD (The Cable).
Key Takeaways
- "The Majors" refers to the seven most frequently traded currency pairs in the forex market.
- These seven pairs account for roughly 80% of the total forex traded volume.
- The Major currency pairs include:
- Euro / US Dollar (EUR/USD)
- US Dollar / Japanese Yen (USD/JPY) — Nickname: The Yen
- Pound Sterling / US Dollar (GBP/USD) — Nickname: The Cable
- Australian Dollar / US Dollar (AUD/USD) — Nickname: The Aussie
- US Dollar / Swiss Franc (USD/CHF) — Nickname: The Swissy
- US Dollar / Canadian Dollar (USD/CAD) — Nickname: The Loonie
- New Zealand Dollar / US Dollar (NZD/USD) — Nickname: The Kiwi