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[Vlad RF]

How to Trade USD/CAD Currency Pair?

Author: Victor Gryazin

Dear Clients and Partners,​

USD/CAD – US dollar vs Canadian dollar – is a major currency pair, popular in the Forex market. Let us see, what influences its quotations and what the main trading methods are.

Some history

Canada is a country with the largest territory in North America. The name of the country stands for “kanata”, which means “settlement, land” in the language of local Indian people. The history of Canada started in 1534 when a French seafarer Jacques Cartier explored the country. One of the first French colonies was founded on the territory of modern Quebec, initially populated by indigenous people.

Canada is a federative country that consists of ten provinces and three territories. As early as the 1850s, the country gave up the colonial Canadian pound and switched to the Canadian dollar. Traders also use a slang name “loony”, from “loon”, the name of the bird on the 1 dollar coin. This bird is a mascot o Canada. Since 1970, the CAD has been a free tradable currency; the monetary policy is regulated by the Bank of Canada, the Central Bank of the country.

The CAD is a popular currency that takes part in 3% of all trading operations of international trade. Many leading countries keep a part of their gold reserves in the CAD. Thanks to free conversion and good volatility, the CAD is one of the seven Forex majors.

Trading characteristics of USD/CAD

USD/CAD demonstrates the relation of the US dollar to the Canadian dollar. The quotation demonstrates how many Canadian dollars you will need to buy one Us dollar. The growth of USD/CAD means that the USD becomes stronger on the expense of the CAD. And when the USD/CAD falls, the CAD becomes stronger against the USD.

Here are several trading characteristics of the USD/CAD:

• Trading time: the pair trades 24/7 except weekends and holidays. Its trading volumes and volatility reach their peaks during the American trading session when important economic statistics from the USA and Canada is published, influencing the quotations of the pair.
• Volatility: USD/CAD is a quite volatile pair. Its average daily movements are about 80-100 points. Strong surges bring the volatility to 200-300 points a day for a short while.
• Spread: this pair is a major, popular and liquid enough for the spread to be small. On popular ECN accounts in normal market conditions it amounts to 1-1.5 points.

Trading USD/CAD

To trade the pair, you can use fundamental analysis, tech analysis, and indicators.

Fundamental analysis
This approach analyzes various fundamental factors: economic statistics, expectations of changes in the interest rate, or the current trend in global currency and commodity markets.

Example:

In 2020, when the stock market collapsed due to the pandemic, global oil prices were falling fast. At that time, two negative factors at once influenced the CAD: the US dollar was growing because investors were fleeting from risks, and oil prices were falling. As a result, the USD/CAD pair was growing fast; one could buy it and hold until its growth stopped with the end of the acute phase of the crisis and the beginning of economic recovery.

Closing thoughts

Thanks to good liquidity, volatility, and a small spread, USD/CAD is actively used by Forex traders. Trading decisions are based on various methods, including analysis of economic statistics, price charts, and indicator signals.

To get started, use a demo account so you could practice and only then switch to a real account with minimal risks.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

How to Profit from Growing Uranium Prices?

Author: Eugene Savitsky

Dear Clients and Partners,​

Market players already understand that in 2022, the QE monetary policy will be coming to an end, and the US Federal Reserve System will increase the interest rate.

This understanding makes investors every time less optimistic and sends stock indices down. For example, NASDAQ Composite (NAS100) has lost 4% since the beginning of the year, and S&P 500 (US500) – 1.5%. Dow Jones Industrial Average (US30) is the only one to withstand the troubles: its decline remains within 1%.

In such a market, do not hurry to buy even those shares that look promising. Their prices may fall even deeper down. However, we still need to look for efficient investment ideas. So, in this article I am driving your attention to the green energy sector and another one that is somewhat connected – the atomic energy sector.

Some history

Canada is a country with the largest territory in North America. The name of the country stands for “kanata”, which means “settlement, land” in the language of local Indian people. The history of Canada started in 1534 when a French seafarer Jacques Cartier explored the country. One of the first French colonies was founded on the territory of modern Quebec, initially populated by indigenous people.

Canada is a federative country that consists of ten provinces and three territories. As early as the 1850s, the country gave up the colonial Canadian pound and switched to the Canadian dollar. Traders also use a slang name “loony”, from “loon”, the name of the bird on the 1 dollar coin. This bird is a mascot o Canada. Since 1970, the CAD has been a free tradable currency; the monetary policy is regulated by the Bank of Canada, the Central Bank of the country.

The CAD is a popular currency that takes part in 3% of all trading operations of international trade. Many leading countries keep a part of their gold reserves in the CAD. Thanks to free conversion and good volatility, the CAD is one of the seven Forex majors.

Looking for clean energy

Renewable energy sources (sun and wind) cannot replace hydrocarbons yet because the humanity has not figured out how to store lots of energy for a long time.

Using solar and wind power, people become dependent on weather.
Meanwhile, hydrocarbons are more user-friendly and reliable, as well as economically efficient. However, it has a negative influence on the environment. Ecological concerns and the threat of global warming make people look for replacements for hydrocarbons.

Options are few:

• Solar energy
• Wind energy
• Sea wave energy
• Water energy
• Atomic energy
• Thermonuclear energy

Why we do not use thermonuclear energy

Thermonuclear energy is a dream of the humanity. First attempts to get electricity from thermonuclear reactions were made as long ago as in 1950. yet, scientists fail to achieve any satisfactory results: they still spend more energy on carrying out those processes than they get in the end.

This sector is developing actively anyway. A good example is the International Thermonuclear Experimental Reactor project, originating back in 1980. Nowadays, no one can confidently say when the dream will come true, while we need electricity every day, and the need for it is growing constantly.

The EU plans to consider atomic energy “green”

Some steps have already been made in this direction. On January 1st, the Euro Commission presented to member countries a draft bill where it is suggested to consider atomic energy ecologically clean. This means financing of nuclear energy plants construction at least until 2045.

Germany opposes constructing nuclear energy plants

Germany speaks against this project, referring to the consequences of nuclear power plants accidents. German government does not only speak against this project – it takes actions.

By January 1st, it had shut down three nuclear power plants, leaving just three more in the energy system of the country, that are also going to be shut down by the end of 2022.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, RoboForex's project called ContestFX will continue, as usual, with the following competitions:

The 130th competition of "Demo Forex" has crossed its "Equator".
The 345th competition of "Week with CFD" has started this morning.
At 12:00, January 26th, 2022, starts the 479th competition of "Trade Day".
At 20:00, January 27th, 2022, starts the 393rd competition of "KingSize MT5".

No complicated actions are required for participation in our competitions - all you have to do is to go through a quick registration procedure just once and then you'll be able to join any competition in just a couple of mouse clicks.

Good luck to all traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex improves Affiliate programme conditions

Dear Partners,​

We’ve updated our cooperation conditions – now the maximum profit you can earn as a RoboForex partner is 84% of the broker’s revenue.

Payout amounts have been increased from 50 to 70%

The Affiliate programme is now even more profitable: the rates for Cent Affiliate, ECN Affiliate and Pro Affiliate accounts have been increased up to 70% for all partners and the commission is on a daily basis.

We’ve also launched a dedicated server for Pro Affiliate accounts. It will help to distribute the load and increase the order execution speed.

The Loyalty programme conditions have also been improved

A greater number of partners can now join the programme – the minimum commission amount for receiving payouts is now 100 USD.

Earn more with RoboForex!

Advertising banners and other materials available in your Members Area will help to get the maximum commission of 84%. Do you want to calculate your potential profit? Use the interactive Affiliate calculator.

Sincerely,
RoboForex team

 

[Vlad RF]

The Most Anticipated IPOs of 2022

Author: Vadim Kovalenko

Dear Clients and Partners,​

Last week, we told you about the IPO of Justworks, the company that created the management accounting platform. Due to the current market situation, the underwriters decided to postpone the IPO to a more favourable period. The underwriters of other IPOs followed in their footsteps, that’s why today, we’ll talk about the most anticipated IPOs of 2022.

SDiscord, a messenger

The company was established in 2015 with headquarters in San Francisco, California. Developers decided to create a messenger for gamers with a wide range of free services – text, voice, and video chats. Users can communicate while playing without risking disconnecting. It’s particularly important for cyber athletes, who were indeed instrumental in the growth of Discord popularity.

The messenger is compatible with all operating systems, including Windows, macOS, and Linux. In addition to that, it can be installed on a mobile device. Discord’s key competitive advantage is that it can be used even with gaming consoles, such as Xbox and PlayStation. The messenger audience is over 140 million people all over the world.

Microsoft took interest in buying Discord but the acquisition didn’t happen. Now Discord intends to go public at the end of 2022. The preliminary estimate was made during the latest round of financing and amounted to about $15 billion.

Databricks, software for data analysis

In the last few years, large corporations tend to use data analysis for making management decisions. It resulted in the growth of demand for software intended for this purpose. In 2013, seven scientists from the University of California, Berkeley, founded Databricks. Its speciality is the development of software for BigData analysis.

According to BusinessWire, the global BigData analysis market is expected to reach $142.5 billion by 2024. As a result, the average annual growth rate could be 20%.

Databricks already has over 5,000 clients. Among them are such famous companies as Comcast and T Mobile. In 2020, the company’s revenue demonstrated 75% growth, up to $350 million. The revenue in 2021 is expected to pass $500 million. the company’s goal for 2022 is $1 billion in sales. Databricks capitalization is estimated at $28 billion. The exact IPO date hasn’t been announced yet.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFX project invites everyone to take part in the following competitions:

The 130th competition of "Demo Forex" is going to end.
The 346th competition of "Week with CFD" has just started.
480th competition of "Trade Day" will start on 02.02.2022 at 12:00.
394th competition of "KingSize MT5" will start on 03.02.2022 at 20:00.

We remind you that all winners of our demo competitions receive prize funds to their real trading accounts, so they can use them to perform trading operations on the Forex market without investing their own financial savings.

We're looking forward to your joining in and wish you good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex improves conditions of Cryptocurrency trading and Affiliate Programme

Dear Clients and Partners,​

Trading Cryptocurrencies at RoboForex is now even more profitable: we’ve reduced commissions on Prime accounts and brought our trading conditions as close to the ones offered by cryptoexchanges as possible.

• 24/7 access to 26 cryptoinstruments
  BTC, ETH, XRP, LTC, BCH, SOL, LINK, TRX, XMR, ADA, and others.
  
  
• A single account for all investments
  You won’t need another wallet or account at a cryptoexchange.
  
  
• Conditions at the level of cryptoexchanges
  Commission for cryptocurrencies on Prime accounts is 0.1%.

Invest in Cryptocurrencies on the best conditions

Up to 25% of the company’s revenue on Prime for partners

The conditions of the Affiliate VIP programme for Prime accounts have been improved. The partner commission for attracting new clients is now 25% of the company’s revenue instead of 20% before.

In addition to that, you can also receive up to 20% of your total partner commission within the frameworks of the Loyalty programme. To calculate your potential profit as a RoboForex partner, use the Calculator on our website.

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex is voted the Best Broker of the year by the Traders Union

Dear Clients and Partners,​

we are proud to announce that RoboForex has conquered a new peak – in 2021, the broker won new awards from the International Association of Forex Traders in several nominations:

We’re sincerely thankful to our clients for their trust and confidence, and want to meet their expectations by providing the most transparent and favourable trading conditions. Assess them yourself:

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, RoboForex's project called ContestFX will continue, as usual, with the following competitions::

The 131st competition of "Demo Forex" and 347th competition of "Week with CFD" have just started.
At 12:00, February 9th, 2022, starts the 481st competition of "Trade Day".
At 20:00, February 10th, 2022, starts the 395th competition of "KingSize MT5".

If you haven't participated in any of our trader contests on demo accounts yet, all you need to do is to go through a simple registration procedure and then any of the chosen competitions will be available to you in just a couple of mouse clicks.

Join us, it won't be boring!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Invest in Metaverse

Author: Eugene Savitsky

Dear Clients and Partners,​

The stock market expects that the Federal Reserve System will soon increase the interest rate, and this cause a lot of tension. The S&P 500 index has already lost 8% since the beginning of the year and remains in a downtrend. The tech sector is also suffering: over the last three months it has lost 9%, becoming one more outsider.

There is no crisis these days: the interest rate is being raised to cool down the economy a bit, i.e. slow down its growth and avoid forming of a bubble. Hence, the current decline of the indices can be looked upon as a correction.

The decline of stock prices and, consequently, the decline of the capitalization of companies can be used by corporations that manager to accumulate plenty of cash on their accounts during the pandemic. They will start engulfing other companies, so that 2022 can become a year of mergers.

Microsoft Corporation buys Activision Blizzard

The one to get started is Microsoft Corporation (NASDAQ: MSFT): on 18 January, it became known that the company was buying Activision Blizzard Inc. (NASDAQ: ATVI). After such news, the shares of the game company grew by 33%.

The purchase will cost 74 billion USD. Microsoft can afford such spending: according to its fresh financial report, it has about 130 billion USD on the balance.

However, what is important here is not the sum that the IT giant will pay but the direction it is going in. As the official press release goes, buying Activision Blizzard will speed up the development of the game business of the corporation and, most importantly, will provide building blocks for the metaverse.

This confirms the idea that the metaverse is developing, not just in the form of empty talks nowadays but as real mergers that aim at getting closer to the virtual reality.

I have already touched upon this topic in the article about the trends of 2022. Today, it is of exception interest to many — just look at the dynamics of the "metaverse" inquiry in Google.

Let us get acquainted with several other companies that can increase their revenue thanks to the growth of the virtual reality industry.

Autodesk

Autodesk Inc. (NASDAQ: ADSK) is the largest software provider for industrial and civil building, car industry and entertainment in the world. With Autodesk software, you can create 3D animation for virtual and augmented reality, which is great for the metaverse.

Hedge funds demonstrate vivid interest in the company. Autodesk shares are held in the portfolios of more than 50 investment companies.

According to the report for Q3, 2021 — we will see the results of Q4 only in March — the revenue of the company reached 1.1 billion USD. This was 14% more than in Q3, 2020. EPS grew from 1.04 to 1.33 USD. However, these results turned out more modest than experts had expected, so Autodesk shares dropped and are trading in a downtrend.

They are further pulled down by the general decline in the stock market. Hence, this investment should become a promising one, where you will be waiting for the negative influence to subside. Currently, the optimum purchase level for Autodesk shares will be the support level at 220 USD.

Adobe

Adobe Inc. (NASDAQ: ADBE) designs software and is well-known for such products as Acrobat, Photoshop, Creative Cloud, and Aero.

Aero is an instrument for designers meant for creating images in the augmented reality and requiring almost no programming skills. Director-general of Adobe Shantanu Narayen considers Aero the best product for metaverse development of these days.

Adobe shares, as well as those of Autodesk, dropped quite a deal after the quarterly report was published. However, the difference is that Adobe revenue lived up to the expectations of experts. Alas, they were unhappy about the forecast for the next year made by the management: EPS is expected to be 12.48-13.7 USD while now it is 10 USD.

With that, the shares lost 20% of the price and keep going in a downtrend. Nonetheless, not all investors support the idea that Adobe shares are to be get rid of. Laura Desmond, a member of the board of directors of the company, used the downtrend to increase the number of the shares in her portfolio. On 7 January she bought 973 shares for about 500 million USD.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team