Thinking of trading AUD/CAD?
- 1. Its correlations with their respective commodities made of this pair something relatively easy to follow. Whereas Canada is an oil producer, the Australian dollar's main driver is not the oil market but the metals. If you closely monitor the AUD pair along with the price of gold, silver, platinum or palladium, you will find many correlations. 2. Something particularly interesting about this pair, is its positive Swap (special interest rates that come when a trader holds a position overnight).Unlike negative swap, which is the one you have to pay for holding this pair, AUD/CAD has a positive swap, which means you will receive a % from your investment merely for holding a trade overnight.
Trading CFDs involves significant risk of loss
How would you like to trade AUD/CAD?
- 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 AUD/CAD 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 Australian economy is heavily dependent on the trade in and out with China. One third of their exports go to China, so whenever the Chinese economy shows fragility, the AUD may fall in relation to other pairs, including the Canadian dollar. Subsequently, a strong Chinese economy will support the AUD. 2. In sum, some of the economic reports you will want to watch out for if you are trading the AUD/CAD are: Chinese PMI index, Chinese GDP and the RBA's meetings and minutes, the Australian CPI or inflation report, the Australian PMI and their related commodity prices. 3. For the CAD, you should monitor the OPEC meetings decisions, US rigs weekly data and number of inventories. An increase in oil price helps the Canadian dollar to get strength. It is also worth mentioning that Canada has only one purchasing managers Index, the Ivey PMI, that is considered to be a direct reflection of the country's economic health.
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'