Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
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.
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'.
Although it is not widely traded, the EUR/AUD currency combination has still a significant global following and is particularly popular with Australian investors. Its performance depends on the relationship between two of the world’s largest and most influential economies: EU and Australia. These countries’ financial statuses are influenced by a number of divergent factors but the pair is less volatile than many of the more exotic cross-courses. If you’re looking to take your first foray away from the four majors, then this could be an ideal choice for you.
Australia has a self-owned continental territory and a variety of minerals on it. Over the past decades, the country's economy has changed dramatically and has reached a fairly high level of development. Nevertheless, the mining industry still plays a main role, and the Australian dollar is still considered as a commodity currency.
If you are interested in trading the EUR/AUD currency pair, contact TNXTrade today and open trading account in several minutes.
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