Thinking of trading EUR/AUD?
- 1. Classified as a "cross currency pairing," also known as simply a "cross pair," EUR/AUD exists in isolation from the United States dollar (USD), which gives traders a good pair to add to their portfolio in order to have diversity among them. Having currency pairs that are not related in neither events or monetary policies tied to the dollar will give those traders an advantage in stability and will reduce the potential volatility related to the USD. 2. Due to AUD's dependance on Gold production and exportation, the AUD is considered a commodity currency, and hence, the pair EUR/AUD is subjected to export/import economic data. It is also known for showing that the EUR/AUD will show a negative correlation to the pricing of Gold (as the AUD will increase in value when Gold does).
Trading CFDs involves significant risk of loss
How would you like to trade EUR/AUD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade EUR/AUD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. The EUR/AUD can serve as a diversification pair against risk, it is also prone to see substantial periodic swings in prices, which can be seen in the volatility present in 2008. Traders should keep this in mind in the event they decide to trade this pair. 2. The proximity with New Zealand, Japan and China can help out traders when making their trading decisions. As their main exporter their economic health depend on their trade relationships. Keep a close eye to the surrounding countries in order to gauge a market sentiment.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'