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.
IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.18%, while traders in US 500 are at opposite extremes with 75.10%.
See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/32vkxKLXCI
Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule:
Oil - US Crude: 4.53%
View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NYy8Z7mJ6l
Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/POghhbQYMl
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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