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.
70.91% 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. 70.91% 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 12/07/2021
Fundamental analysis
12 July, 2021
The USD/CAD pair increased slightly this morning to trade at 1.2462 The pair fell on Friday, driven lower in part by rising oil prices. Canada’s Employment Change for June came in at 230,700. Analysts had only predicted 195,000. Canada’s Unemployment Rate for June printed at 7.8%. The consensus forecast was 7.7%. Economic data out of the United States was light. Wholesale Inventories for May climbed 1.3%, Month-over-Month. Its Wholesale Trade Sales for May rose 0.8%, Month-over-Month.