The Euro against the Canadian Dollar is a cross currency instrument of the Forex market, characterized by sufficient volatility - 130-200 points, exceeding the average values for most majors like EUR/USD, USD/CHF or USD/CAD.EUR/CAD forecast for today onlineSignals and trading forecasts for EUR/CADThe forecast for today for EUR/CAD is based on technical analysis indicators produced on different timeframes. The best forecast will be when there is the same signal with the prefix Active on all timeframes.Since this tool is considered quite difficult to predict, independent study and forecasting of this asset is recommended only for experienced traders, those who have been on the foreign exchange market recently, it is better to choose another pair for trading or use ready-made analytics.EURCAD exchange rate on a Live Chart with indicatorsWhen opening the chart, the pair's technicality immediately catches the eye, here and there clearly worked-out presets are perfectly noticeable: "head and shoulders", "double bottom", "triangle" - they are all present in sufficient quantities, which will greatly please fans of trading on technical analysis figures. However, fundamentalists should not be upset either, since the commodity orientation of the Canadian dollar makes the pair quite sensitive to the situation on the world market of oil and minerals.In any case, before opening transactions involving the Canadian currency, it would not hurt to first look at the charts of the main commodities (oil, timber, wheat, etc.), as well as read reports on sales of industrial goods and cars.If you look at the dynamics of EUR/CAD, you can see that the price often changes its direction of movement, trends are rarely long and unexpectedly change each other, so it makes no sense to delve too deeply into history.According to the volatility calculator for 20 weeks, EUR/CAD reaches its highest volatility on Wednesday, when it can pass 150 points or more per day, and behaves calmest on Tuesday. Among the intraday periods of activity, for objective reasons, the time when the European and American trading sessions intersect is leading, and a particularly volatile pair is at the opening of the London and New York stock exchanges. During the Asian and Pacific sessions, price fluctuations subside, and trading becomes ineffective, but such a time seems ideal for studying analytics and thinking about a plan for further actions.Read more: EUR/CHF: exchange rate, online quotes, signals and forecast for todayGeneral characteristicsThe euro against the Canadian Dollar, as it is clear from the absence of the US dollar symbol in the pair, is nothing more than a cross-pair, nevertheless, as in other similar instruments of the foreign exchange market, the conversion of one asset into another occurs only through USD, and not directly. The single European currency acts as the base currency here, and the quoted one is Canadian dollars, the exchange rate shows how much CAD you need to pay for one EUR. The accuracy of the output of characters after the separator is usually four (1.4270), but there are also charts with a more detailed five-digit quote, taking into account tick fluctuations (1.42641).The pair is not the most common, but it is not exotic either, since many traders in America and Europe are happy to trade it and make a good profit. However, although there is sufficient demand, the average spreads nevertheless reach 7-11 points, which is quite a lot and seriously complicates the life of scalpers.Factors influencing EUR/CAD and what the exchange rate depends onThe forecast of the Euro and the Canadian dollar Canada is a fairly large country on the North American continent, bordering on the south and west with the United States, which is the country's main trading partner in the NAFTA free trade zone, along with Mexico.When analyzing the Canadian economy by sector, the following data are revealed:Trade and services bring the country about 59.3% of GDP;40.4% of GDP received from industry directly confirms the commodity orientation;Only 0.3% of income is accounted for by the agricultural sector.The European Union is not an ordinary country, but an economic and political union of 28 states at once, different in their composition, development and territory. The common currency for all members of the confederation is the euro. As for the analysis of the EU economy by sector, today the data looks like this:Trade and services account for about 70.5% of GDP;Mining and manufacturing industries provide 27.3% of income;2.1% of GDP remains for agriculture.Read more: EUR/AUD: exchange rate, online quotes, signals, forecasts & analyticsHowever, the data presented are an average value for the entire Union, while some of its participants may have significant deviations in favor of a particular sector.Most of all, compliance with the Euro/The Canadian Dollar is observed with: EUR/HUF- 75%, USD/CAD - 74.6%, EUR/NZD- 63.6%, EUR/GBP- 59.6%, EUR/NOK - 57.5%, EUR/CHF- 51.1%, SPA35 index - 46.2%, USD/HKD – 44.7%, IT40 - 44.6% EUR/TRY - 43.5%.The inverse correlation of EUR/CAD with other financial instruments in descending order looks like this: CAD/CHF - -93.5%, XTI/USD - -70.9%, XBR/USD - -68.3%, platinum chart - -59.2%, NZD/CHF – -58.7%, CAD/JPY - -58.7%, as well as the US2000 index -55.3%, GBP/CHF -52.4% and NOK/SEK - 49.2%.Read more: EUR/TRY: online quotes, signals and forecasts for todayAmong the main reasons affecting the change in the exchange rate of this currency pair, it is necessary to name:World prices for oil, raw materials and manufactured goods (very important for Canada, but quite relevant for the EU);Speeches by important European and Canadian officials and officials, as well as chairmen of international commodity organizations;Trade balances of both countries and their main export partners;Central Bank rates and monetary policy (for both countries);Economic indicators (Canada, EU and USA);The level of business activity, inflation, the situation on the labor market;Global demand for dollars and euros;Climatic and socio-political conditions (strongly affect tourism, as well as the mood of investors in some areas of the economy).Features of EUR CAD currency pairStrange as it may sound, but this pair trades well on small and medium timeframes, such as: M15, M30, H1, H4. Short- and medium-term trends in these segments are very clearly visible and last long enough for the selected time periods, which is perfect for scalping enthusiasts and "intradeyschikov".Read more: EUR/ZAR: exchange rate, signals, forecast for today and chartHowever, on D1, W1 and MN1, price movements often become even more broken and chaotic (not always) than on smaller timeframes, and it can be much more difficult to predict them. In addition, long-term positional trading on this pair requires sufficient funds on deposit, and also brings significant losses on swaps when holding open positions for a long time. But on large charts, technical figures that appear abundantly on the chart of this pair are very well worked ...
The unemployment rate in Spain fell at a record pace in July, as the labor market began to recover from the impact of the coronavirus pandemic, data from the Labor Ministry showed.In July, exceeding the record figures of the previous two months, unemployment fell sharply by 197,841 people. Unemployment fell by 166,911 people in June and by 129,378 people in May.Seasonally adjusted, registered unemployment fell by 191,756 people in July.Unemployment fell by 133,658 in the service sector and by 13,158 in industry. In the construction sector, unemployment fell by 10,154 people and by 8,880 people in the agricultural sector.Unemployment among young people under the age of 25 fell by 36,926 people or 12.34 percent in July compared to the previous ...
