Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
** Abnormal market conditions refer to Section 10.5 in Order Execution Policy of TNXTrade Financial Services Ltd, in point 11.5 in Order Execution Policy of TNXTrade UK Limited and in point 9.6 in Order Execution Policy of TNXTrade Global Markets Ltd.
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
NZDUSD, AUDUSD spreads may fluctuate above the stated maximum every Wednesday, between the hours of 08:00 PM – 11:00 PM (GMT).
Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The AUD/USD currency combination has become increasingly popular with traders in recent years. For 10 years, the Central Bank of Australia maintains a high-interest rate, which makes it possible for long-term investments and deposits, as well as to make carry-trade transactions.
Thanks to Australia’s multi-decade commodity boom, this pair now marries two exponentially large and financially important economies, helping it to secure a place on the books of investors.
Australia's main export earnings are in gold and silver, so AUD/USD is considered the most commodity pair in the Asian region and has a good correlation with the numerous instruments, such as gold and silver. This allows you to use it as a tool for additional hedging of opening deals on other currency instruments.
One of the pair’s major draws is the interest differential between the two currencies, which makes it an ideal prospect for traders to go long and profit from rollovers. Ideally suited to the more experienced trader, it is nonetheless popular with everyone from the novice to a professional level.
If you are interested in trading the AUD/USD currency pair, contact TNXTrade today.
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