Trade Gold / Australian Dollar - &XAUAUD


Status:Closed Trading
Change: during the current or most recent trading day

Description

Personal composite instrument called «&XAUAUD» reflects the price dynamics of gold against the Australian dollar. The base part of this instrument is composed of 1 ounce of Gold, and the quoted part – 1 Australian dollar. The asset percentage of the instrument is estimated based on the asset prices on the PCI creation day.

The trading instrument &XAUAUD is used for the analysis and trade of Gold quoted against one of the major commodity currencies – the Australian dollar. The Australian economy depends heavily on mining and export of precious metals, particularly gold.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

Please, choose the section:

Structure: PCI Components and their volume
Parameters: PCI main trading conditions
Trading Hours: PCI active trading hours
Application Field: How can PCI be applied in trading?

Structure

Parameters

Trading hours

Application field

&XAUAUDAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAU1.00001.2401236.0200oz
Quoted part1AUD1.0000.91000.9100AUD
  • The volume to calculate Swap and 1 pip value
  • The size of 1 pip
  • Margin in USD for the volume and leverage of 1:100
  • 100
  • 0.01
  • 24.74 USD

Creation date

2014-09-17
StandardBeginnerDemo
Spread
in pips
101101101
Order distance
in pips
---
Swap (long/short) in pips on Vol -14.667 / -2.173-14.667 / -2.173-14.667 / -2.173
Available
volumes
>=10.00 1.00 – 62.10 >=1.00
The value of 1 pip in USD for the Vol 0.7680.7680.768
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 23:0000:00 — 23:00
Wednesday00:00 — 23:0000:00 — 23:00
Thursday00:00 — 23:0000:00 — 23:00
Friday

The personal composite trading instrument &XAUAUD is used for multi-year dynamics analysis of Gold vs the Australian dollar, as well as for comparative analysis with another popular instrument – XAUUSD . For example, by building a percentage chart for two instruments &XAUAUD and XAUUSD (Рict. 1) on the trading platform NetTradeX, it can be seen that Gold exhibited significantly smaller growth dynamics in the 5-year period against the AUD compared with the growth against the USD, especially in the period from August 2010 to July 2013.

Currency portfolio “Gold vs. AUD”

Traders, whose main assets and investments are denominated in Australian dollars, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100.00.
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