EURCAD chart by TradingView

EUR/CAD

The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.


News


Euro Awaits CPI Release as Last Pit Stop Before ECB Next Week

The economic calendar has been light thus far in October, and for most of the coming week, it will be too. However, traders will be paying attention to the Euro-Zone inflation data on Tuesday before the October ECB rate decision the following week.
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Euro’s Quiet Calendar Means Other Currencies are in Control


Euro Left to Whims of Other Major Currencies Until CPI Report on Friday


Euro Turns to CPI, PMI Data Ahead of German Elections


What Matters Most for the ECB Meeting this Week is the Euro Itself


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Analyst Picks

Michael Boutros

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in DXY, AUD/USD, EUR/USD, NZD/USD & EUR/CAD
Expertise: Short-term Technical
Average Time Frame of Trades: 1-3 Days


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Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous