Instrument : &XAUAUD
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.
|&XAUAUD||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
|Fixed spread, pip||80||80||80|
|Floating Spread, pip||80||80||80|
|Order distance, pip||-||-||-|
|Swap (long/short) in pips on Vol||-13.801 / -4.189||-13.801 / -4.189||-13.801 / -4.189|
|>=10.00||1.00 – 61.61||>=1.00|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||00:00 — 22:15||00:00 — 22:15|
|Tuesday||00:00 — 22:15||00:00 — 22:15|
|Wednesday||00:00 — 22:15||00:00 — 22:15|
|Thursday||00:00 — 22:15||00:00 — 22:15|
|Friday||00:00 — 22:00||00:00 — 22:00|
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.
Traders, whose main assets and investments are denominated in Australian dollars, will be comfortable trading this PCI.