What do you think will happen in the economy of Canada as I have read in this article: Ups and Downs of Canadian Economy (https://www.fmfxreviews.com/canadian-economy/) that Trump administration, however, may hurt the Canadian economy with its “putting America first” campaign.
In my trading, I never used CAD even USD/CAD trading pair! So, I am not concern about economic status of Canada! Actually, my personal trading system works on only GBP/USD and USD/JPY that’s way in my trading I use only these 2 trading pairs!
I don't think Canada will be damaged by Trump's plans or campaigns.. It's publicly known that he is not a fan of Canada, but their economy is really good. Also US won't be interested in loosing their 2nd largest supplier of goods. I would suggest this article is lacking facts. It may be some sort of 'speculation'
Oh okay then, I am just looking for some advices as I need it for my future trading. I am really in the agony last moneth about this. I am fan of USD and CAD though, tried it for one time. Anyway all your advices matter
Well the connection of both should be close because oil affects Canada's economy -> Canada's economy affects CAD so -> Oil affects CAD. This is just basic knowledge mixed with little logic. I am not 100% sure how close is the connection between oil and CAD but I am quite sure there is a connection. Hope that helps :)
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