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Wheat vs Canadian dollar - Wheat vs Canadian dollar Trading
Wheat vs Canadian dollar Investing
Type:
PCIInstrument : &WHEAT/CAD
Wheat vs Canadian dollar Description
The personal composite instrument «&WHEAT/CAD» reflects the price dynamics of Wheat against the Canadian dollar. The base part of this instrument is composed of 100 bushels of Wheat, and the quoted part - 1 Canadian dollar. Wheat is represented by a continuous CFD on wheat futures. The asset percentage content of the instrument is estimated on the basis of asset prices on the PCI creation date.
The personal composite instrument &WHEAT/CAD is used for the analysis and trade of wheat quoted against one of the main commodity currencies – Canadian dollar. Exports and imports of grains are important for countries where commodities comprise a significant part of their balance of trade.
Structure
Parameters
Trading hours
Application field
Structure
| &WHEAT/CAD | № | Asset | Volume / 1 PCI | Percentage | Volume (USD) / 1 PCI | Unit of measurеment |
|---|---|---|---|---|---|---|
| Base part | 1 | #C-WHEAT | 1.0000 | 0.500 | 504.4000 | 100 bushels |
| Quoted part | 1 | CAD | 1.000 | 0.0000 | 0.8100 | CAD |
Parameters
| Standard | Beginner | Demo | |
|---|---|---|---|
| Fixed spread, pip | |||
| Floating Spread, pip | |||
| Order distance, pip | |||
| Swap (long/short) in pips on Vol | |||
|
Available volumes | |||
| The value of 1 pip in USD for the Vol |
Trading hours
| Week day | Trading hours (CET) | Local trading hours |
| Monday | 02:00 — 14:45, 15:30 — 20:20 | 02:00 — 14:45, 15:30 — 20:20 |
| Tuesday | 02:00 — 14:45, 15:30 — 20:20 | 02:00 — 14:45, 15:30 — 20:20 |
| Wednesday | 02:00 — 14:45, 15:30 — 20:20 | 02:00 — 14:45, 15:30 — 20:20 |
| Thursday | 02:00 — 14:45, 15:30 — 20:20 | 02:00 — 14:45, 15:30 — 20:20 |
| Friday | 02:00 — 14:45, 15:30 — 20:20 | 02:00 — 14:45, 15:30 — 20:20 |
| Saturday | — | — |
| Sunday | — | — |
Application field
The personal trading instrument &WHEAT/CAD is used for trade and dynamics analysis of wheat vs the Canadian dollar, as well as multi-year comparative analysis of the dynamics of assets quoted in Canadian dollars. For example, by building a percentage chart in the NetTradeX terminal for two instruments &WHEAT/CAD и OIL/CAD (the latter is the crude oil of WTI brand quoted against the Canadian dollar) (Fig. 1), it is evident that in the last two year period (2013-2014) wheat didn’t decline very much (-7%) while oil fell 32.5%.
Fig.1
Traders, whose main assets and investments are denominated in Canadian dollars, will be comfortable trading this PCI.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.
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