Introduction The EUR/CAD Pair

EURCAD Pairs

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
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