Trading Commodity Currencies – CAD Focus

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Trading Commodity Currencies – CAD Focus

Trading Commodity Currencies – CAD Focus

The term ‘commodity currencies’ is a very popular and accurate term to describe a group of currency pairs that every Forex trader needs to be aware of and understand as it will result in an increase in profits as you understand what impacts them. Today’s focus will be on strategies & set up when trading CAD crosses. We will also be exploring the impact of Economic Data releases on the CAD. For example, today we are expecting the raw material index, Industrial product price, and the GDP figures of Canada.

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Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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