Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
71% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
70.41% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 all your money. Read full risk warning.
EU Session Analysis for CFD Instruments 25/01/2021
Fundamental analysis
25 January, 2021
The USD/CAD pair traded lower this morning to 1.2699 The pair rallied off of yesterday’s two year lows on Friday. Canada reported Core Retail Sales for November rose 2.1%, Month-over-Month, beating the analysts’ forecast of 0.3%. PMI’s beat their estimates in the United States. The Services came in at 57.5 vs. 53.6 expected, and the Manufacturing was 59.1 vs. 56.5 expected. Existing Home Sales in the United States for December rose 0.7%. The consensus forecast was a decline of 2.0%.
