Thinking of trading EUR/CAD?
- 1. By simply following economic calendars you can find an important amount of information regarding events that will influence the price of the CAD. For example, the release of oil inventories, in which higher inventories indicate a drop in oil prices, would automatically mean that the EUR/CAD will also drop. Another event worth checking out would be the OPEC meetings and of course, interest rate changes on both sides of the pair. 2. Unlike the EU, USA and Australia, Canada has only one index (Ivey PMI). The release of this index is basically a direct representation of the Canadian economy.
Trading CFDs involves significant risk of loss
How would you like to trade EUR/CAD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade EUR/CAD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. Trading the pairs that involve the CAD is not an easy task. Canada is a major commodity exporter would traders need to see that the fact that many commodities are priced in USD adds a layer to the pair's complexity. When you weigh in the changes in exports and imports, prices of petroleum, wheat, barley etc, do not forget to also have in mind how they directly affect the USD. 2. Due to its physical proximity to Canada, the US has been an important player in Canada's export economy as it takes ¾ of Canada's goods and they are the main supplier of energy, including oil and gas. Hence, Donald Trump's proposed renegotiations of NAFTA are something to look out for.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'