Instrument : &BRENT/EUR
The personal composite trading instrument «&BRENT/EUR» reflects the price dynamics of Oil against Euro. The base part of this instrument is composed of 1 barrel of crude oil of the Brent grade, and the quoted part – 1 euro. The oil is represented by #C-BRENT - a continuous CFD on Brent oil futures.
The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.
The trading instrument &BRENT/EUR is used for the analysis and trade of oil quoted against the main European currency.
|&BRENT/EUR||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
|Fixed spread, pip||578||578||578|
|Floating Spread, pip||578||578||578|
|Order distance, pip||-||-||-|
|Swap (long/short) in pips on Vol||-15.199 / -33.536||-15.199 / -33.536||-15.199 / -33.536|
|>=184.19||10.00 – 1000.00||>=10.00|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||01:00 — 23:00||01:00 — 23:00|
|Tuesday||01:00 — 23:00||01:00 — 23:00|
|Wednesday||01:00 — 23:00||01:00 — 23:00|
|Thursday||01:00 — 23:00||01:00 — 23:00|
|Friday||01:00 — 21:00||01:00 — 21:00|
The personal composite trading instrument &BRENT/EUR is used for trade and dynamics analysis of Brent Oil vs Euro, as well as multi-year comparative analysis of various popular investment assets quoted against euro. For example, by building a percentage chart in the NetTradeX terminal for three instruments &BRENT/EUR, XAUEUR и DE30 (German stock index in eurо ) (Рict. 1), it is evident that two periods stand out in the last five years: from October 2009 to April 2013 the investments in gold and oil yielded approximately equal returns (up to 80-100%); but from the summer of 2013 to the autumn of 2014 the investments in stock market and oil provided equal returns (about 70%), while investments in gold yielded considerably lower return of 40%.
Traders, whose main assets and investments are denominated in euro, will be comfortable trading this PCI.