Frequently Asked Questions
What is the pip value for EUR/CAD?
One standard lot (100,000 units) on EUR/CAD has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is EUR/CAD most active?
EUR/CAD sees its highest trading volume during the London and New York sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect EUR/CAD most?
The most impactful events for EUR/CAD come from the EUR and CAD economies. ECB interest rate decisions and President Lagarde's press conferences are the euro's biggest volatility events. Eurozone flash PMIs and German Ifo business climate data also drive significant intraday moves. Canadian employment data and Bank of Canada rate decisions are the domestic catalysts. Crude oil inventory reports (EIA weekly) often move CAD pairs because of Canada's large energy export sector. The upcoming events section above lists the specific releases scheduled in the next two weeks.