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Introduction The EUR/CAD Pair

Professor FX | February 26 | Fundamental | No Comments

The EUR/CAD (Euro/Canadian dollar) is the relation of the Euro against the Canadian dollar. The EUR/CAD cross currency gives one the possibility to convert Euro’s directly into Canadian dollar’s (1 EUR per x CAD).

Forex Knowledge: Trading the Euro/New Zealand dollar

Typical broker spread: 3-9 pips
Most active trading sessions: Euro and US session / EUR & CAD economic events
Most active trading hours: 6:00 GMT -17:30 GMT
Average daily range (high-low): 203 pips
Trading strategies to trade EUR/CAD: Click here
Recommended level of trading experience: Expert
Value of one pip EUR/CAD: Variable

Economic Events That Move EUR/CAD

A. EURO-ZONE

Trade Balance (Euro Zone)
Gross Domestic Product (Euro Zone)
Consumer Price Index (CPI) (Euro Zone)
ZEW Survey (Euro Zone)
ECB Rate Announcement and Press Conference
Current Account (Germany)
Trade Balance (Germany)

B. CANADA

International Merchandise Trade
Gross Domestic Product Quarterly (GDP)
Ivey Purchasing Managers Index (PMI)
Leading Indicators
Consumer Price Index (CPI)
Retail Sales
Bank of Canada Rate Decision
Bank of Canada Governor Speaks
Net Change in Employment