Thinking of trading NZD/CAD?
- 1. The NZD/CAD would be considered a cross-rate currency as it is not directly related to the USD, and hence it can be a breath of fresh air for traders that want to stay away from dollar related economic events. 2. Unlike other countries, the Bank of Canada believes that the CAD should raise or drop depending on its inherent value, and hence, it does not intervene in the foreign markets since 1998.
Trading CFDs involves significant risk of loss
How would you like to trade NZD/CAD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade NZD/CAD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. In order to be able to analyse what direction this pair can go, it is worth noting down the following economic events: Interest rate decision from the RBNZ, the GDP of both nations, CPI of both countries, the Producer Price Index, employment changes, trade balance and several political events such as trading news with Australia or China (as they are New Zealand's main trade partners)2. As Canada depends on their Oil trade, it is important to remember to keep an eye on OPEC meetings and oil inventories. Similarly, as New Zealand's main trade partners are both China and Australia it is a good idea to have their GDP closely examined.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'