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


Sideways Trading Through End of 2017 Looks Likely for Euro

Clear signs that the ECB's normalization process is underway may be good long-term, but for the foreseeable future, supersaturated net-long positioning in the futures market may be a handicap for the Euro.
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Optimism over ECB’s Growth and Inflation Forecasts Could Give Euro a Lift


Euro Fundamentals Remain Strong, but Heavy Positioning a Clear Burden


Euro Has Chance to Build on Gains as Liquidity Returns; CPI on Thursday


Euro Looks to Hold onto Gains During US Holiday Week


Real Time News


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


Pivot Points data provided by IG

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