Brent Crude Oil vs Euro - Brent Euro Trading
Brent Crude Oil vs Euro Investing
Type:
PCIInstrument : &BRENT/EUR
Brent EUR Description
The personal composite trading instrument «&BRENT/EUR» reflects the price dynamics of Oil against Euro. The base part of this instrument is composed of 1 barrel of crude oil of the Brent grade, and the quoted part – 1 euro. The oil is represented by #C-BRENT - a continuous CFD on Brent oil futures.
The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.
The trading instrument &BRENT/EUR is used for the analysis and trade of oil quoted against the main European currency.
Structure
Parameters
Trading hours
Application field
Structure
| &BRENT/EUR | № | Asset | Volume / 1 PCI | Percentage | Volume (USD) / 1 PCI | Unit of measurеment |
|---|---|---|---|---|---|---|
| Base part | 1 | #C-BRENT | 1.0000 | 9.240 | 92.4400 | barrels |
| Quoted part | 1 | EUR | 1.000 | 0.1300 | 1.2600 | EUR |
Parameters
| Standard | Beginner | Demo | |
|---|---|---|---|
| Fixed spread, pip | 578 | 578 | 578 |
| Floating Spread, pip | 578 | 578 | 578 |
| Order distance, pip | - | - | - |
| Swap (long/short) in pips on Vol | -18.021 / -18.281 | -18.021 / -18.281 | -18.021 / -18.281 |
|
Available volumes | >=260.02 | 10.00 – 1000.00 | >=10.00 |
| The value of 1 pip in USD for the Vol | 0 | 0 | 0 |
Trading hours
| Week day | Trading hours (CET) | Local trading hours |
| Monday | 01:00 — 23:00 | 01:00 — 23:00 |
| Tuesday | 01:00 — 23:00 | 01:00 — 23:00 |
| Wednesday | 01:00 — 23:00 | 01:00 — 23:00 |
| Thursday | 01:00 — 23:00 | 01:00 — 23:00 |
| Friday | 01:00 — 21:00 | 01:00 — 21:00 |
Application field
The personal composite trading instrument &BRENT/EUR is used for trade and dynamics analysis of Brent Oil vs Euro, as well as multi-year comparative analysis of various popular investment assets quoted against euro. For example, by building a percentage chart in the NetTradeX terminal for three instruments &BRENT/EUR, XAUEUR и DE30 (German stock index in eurо ) (Рict. 1), it is evident that two periods stand out in the last five years: from October 2009 to April 2013 the investments in gold and oil yielded approximately equal returns (up to 80-100%); but from the summer of 2013 to the autumn of 2014 the investments in stock market and oil provided equal returns (about 70%), while investments in gold yielded considerably lower return of 40%.
Traders, whose main assets and investments are denominated in euro, 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.