Reklāma
Canada Economy
Jun 09, 2017 at 06:47
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11 Replies
Biedrs kopš
20 ieraksti
Jun 09, 2017 at 06:47
What do you think will happen in the economy of Canada as I have read in this article: Ups and Downs of Canadian Economy (http://www.fmfxreviews.com/canadian-economy/) that Trump administration, however, may hurt the Canadian economy with its “putting America first” campaign.
Biedrs kopš
659 ieraksti
Jul 03, 2017 at 12:40
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!
Biedrs kopš
15 ieraksti
Jul 04, 2017 at 10:06
US action may hurt Canada but the demand for Canadian oil is likely to remain strong and Oil is a strong driver of the Canadian economy (especially the export market)
Biedrs kopš
394 ieraksti
Jul 07, 2017 at 05:44
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"
Accept the loss as experience
Biedrs kopš
1462 ieraksti
Jul 07, 2017 at 12:31
MyNewBank posted:
US action may hurt Canada but the demand for Canadian oil is likely to remain strong and Oil is a strong driver of the Canadian economy (especially the export market)
My thoughts exactly. The CAD is tied to the price of oil. As long as that remains so the Canadians will be okay, I think.
Biedrs kopš
20 ieraksti
Jul 26, 2017 at 09:26
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
forex_trader_445428
Biedrs kopš
83 ieraksti
Jul 26, 2017 at 13:46
USDCAD has fall too much is really less time I am sure many traders got trapped.
forex_trader_445428
Biedrs kopš
83 ieraksti
Jul 27, 2017 at 06:12
oil inventories were reduced by 7,2 mill barrels and oil will continiue to rise
Biedrs kopš
12 ieraksti
Jul 27, 2017 at 11:44
How closely correlated with oil do you think CAD is?
Biedrs kopš
394 ieraksti
Aug 03, 2017 at 11:21
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 :)
Accept the loss as experience
Biedrs kopš
33 ieraksti
Aug 04, 2017 at 11:44
BrownTie posted:
How closely correlated with oil do you think CAD is?
to understand this well, read this article titled "Canadian Dollar and Oil Prices" (http://itrader-reviews.com/canadian-dollar-oil-prices/) it shows that oil prices has something to do or correlates with the value of exchange rate between the CAD and the USD.
Biedrs kopš
33 ieraksti
Aug 04, 2017 at 11:44
BrownTie posted:
How closely correlated with oil do you think CAD is?
to understand this well, read the whole article here entitled "Canadian dollar and Oil prices" (http://itrader-reviews.com/canadian-dollar-oil-prices/). it shows that the oil prices has correlation between the value of the exchange rate of USD and CAD.
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