💱 EURCAD INFO & STATISTICS
ℹ️ The Euro versus the Canadian Dollar. The Canadian economy is closely tied to the US, with 85% of exports going to the United States and about half of imports coming from there. EURCAD represents roughly 0.34% of the foreign exchange market volume.
✅ Canada is a major exporter of oil, gas, and metals, and the Canadian dollar is closely linked to crude prices. 🔗 Information About Crude Oil Trading
✅ The euro makes up 57.6% of the US Dollar Index, while the Canadian dollar accounts for 9.1%.
✅ Canada is a member of both the G7 and the G20. The G7 includes the United States, France, Germany, Italy, Japan, Canada, and the United Kingdom.
📅 EURCAD Seasonal Patterns
Here are the statistics for the EURCAD pair (Research 2000-2018):
🔺 BEST MONTHS FOR LONG TRADES (↑)
- JUNE, average returns +0.43%, times (12-7), and +0.33% momentum
RECENT 5 PERIODS: 2 bullish out of 5
RELIABILITY: NOT a very reliable seasonal pattern, after 2013 (☆☆)
- DECEMBER, average returns +1.53%, times (11-7), and +0.89% momentum
RECENT 5 PERIODS: 2 bullish out of 5
RELIABILITY: NOT a very reliable seasonal pattern, after 2013 (☆☆)
🔻 BEST MONTHS FOR SHORT TRADES (↓)
- MAY, average negative returns -1.02%, times (9-10), and -0.86% momentum
RECENT 5 PERIODS: 2 bearish out of 5
RELIABILITY: NOT a very reliable seasonal pattern after 2013 (☆☆)
The full statistics of the pair are presented in the book (licensed by G. Protonotarios): 🔗 The Hidden Patterns Behind 15 Forex Pairs: Revealing Momentum and Seasonal Patterns Based on 18.5 Years of Daily Exchange Rates
⚖️ Compare EUR/CAD Forex Brokers
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EURCAD FOREX BROKER |
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□ EURCAD SPREAD |
2.1 pip on EURCAD (without trading commissions) |
0.74-1.0 pip on EURCAD |
1.4 pip on EURCAD |
0.74-1.0 pip on EURCAD |
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□ TRADING COMMISSIONS |
NO |
YES $7/full traded lot |
YES $7/full traded lot |
YES $7/full traded lot |
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□ PLATFORMS |
MT4/MT5 RStocks Trader |
MT4/MT5 Ctrader |
MT4/MT5 |
MT4/MT5 Ctrader |
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□ AUTO-TRADING |
Fully Allowed Free VPS |
Fully Allowed
Free VPS |
Fully Allowed Free VPS NY4 and LD5 IBX Equinix |
Fully Allowed Free VPS |
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□ REGULATION |
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□ ACCOUNT INFO |
35 Forex pairs Min. Deposit: 200 USD Funding Methods: Cards | Bank Wire | Skrill PerfectMoney | Neteller » Review RoboForex |
65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller |
61 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | UnionPay | Neteller |
65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller |
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□ WEBSITE
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» IC Markets Website (Non-EU) |
🏦 EUR/CAD Central Banks
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☑️ The ECB was founded in 1998 and is based in Frankfurt, Germany. ☑️ It is governed by its Executive Board and the governors of the euro area’s national central banks. ☑️ Its main goals are financial stability and keeping inflation close to or below 2%. ☑️ The ECB uses a range of monetary tools, including interest rates, open market operations, and non-traditional measures like TLTROs and Quantitative Easing (QE). ☑️ The ECB’s foreign reserves are about 100 billion USD (as of 2025) and include major currencies, gold, and Special Drawing Rights (SDRs). |
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☑️ The Bank of Canada was founded in 1934. ☑️ It has an inflation target of 1–3% and works with the Department of Finance on fiscal and economic policies. ☑️ The Bank of Canada no longer holds any gold reserves, having sold its last holdings in the early 2000s. ☑️ Canada’s foreign exchange reserves are about 125 billion USD (as of 2025). |
■ EURCAD Forex Statistics
Source: TradingCenter.org (c)
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» EURUSD | » GBPUSD | » USDJPY | » USDCHF | » USDCAD | » AUDUSD |
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