The XPDUSD pair represents the exchange rate between palladium XPD and the US dollar USD. Palladium is a precious metal widely used in the automotive industry, especially in catalytic converters.
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Annual change
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All time High / Low
450 / 3440.36
Buy
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Sell
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Daily price range:
Low
952.58
High
965.21
XPDUSD Contract Specifications
Minimum Spreads, points: 0
Contract Size per Lot: 100
Swap type: Points
Swap Long: -28.87
Swap Short: 4.89
Margin Group: FX Majors
Margin Currency: USD
Tick size: 0
Trading Platform: MetaTrader 4
Minimum Volume: 0.01
Maximum Volume: 0
Trading Schedule EET: 00:00 - 23:59 Mon - Fri
Hedged Margin: 1
Days Swap: FX Wednesday, metals-indices-oil friday
History of XPDUSD
The history of XPDUSD dates back to the introduction of palladium as a trading asset. Palladium was first discovered in 1803 and its commercial usage began in the early 20th century. However, it was only in the late 1980s that palladium futures contracts were introduced, allowing investors and traders to speculate on its price movements. The pairing of palladium with the US dollar as XPDUSD gained popularity due to the significant role of the US dollar as a global reserve currency. Over the years, the price of palladium and the value of the US dollar have been influenced by various factors, including changes in supply and demand, economic indicators, geopolitical tensions, and market sentiment. This pairing offers traders and investors the opportunity to profit from the fluctuations in the price of palladium against the US dollar.
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XPDUSD refers to the exchange rate between palladium XPD and the US dollar USD. It represents the value of one unit of palladium in terms of US dollars. The XPDUSD exchange rate is used in forex trading as traders speculate on the price movements and fluctuations of palladium against the US dollar. This pairing is important for investors and traders who are interested in trading or investing in palladium as it allows them to assess the relative strength or weakness of palladium compared to the US dollar. Changes in the XPDUSD exchange rate can be influenced by various factors, such as shifts in global demand and supply for palladium, economic indicators, geopolitical events, and market sentiment.
To trade the XPDUSD pair, you can open an account. Once your account is set up, you can use the broker’s trading platform to execute your trades. Traders can employ various strategies when trading XPDUSD, including technical analysis, fundamental analysis, or a combination of both. Technical traders often use chart patterns, technical indicators, and support/resistance levels to make trading decisions, while fundamental traders analyze factors such as supply and demand dynamics, economic indicators, and geopolitical events. Regardless of your chosen approach, it’s essential to have a solid risk management strategy in place and to stay informed about news and events that could impact the palladium market and the US dollar.
Some popular trading strategies for the XPDUSD pair include trend following, breakout trading, range trading, news trading, and carry trade. Trend following aims to profit from the prevailing trend, breakout trading focuses on entering trades when the price breaks key levels of support or resistance, range trading takes advantage of price oscillations within a defined range, news trading capitalizes on short-term volatility from significant news releases, and carry trade aims to benefit from interest rate differentials between the currencies in the pair. Each strategy has its own advantages and risks, so it’s important to thoroughly understand and test a strategy before applying it to live trading, while also implementing proper risk management techniques.
When trading the XPDUSD pair, consider several key factors. Firstly, closely monitor the supply and demand dynamics for palladium, as changes in industrial demand or supply disruptions can significantly affect prices. Secondly, keep an eye on economic indicators and events related to the US dollar, such as interest rate decisions, economic data releases, and geopolitical developments, as they can influence the exchange rate. Additionally, stay informed about global economic conditions and factors that impact palladium’s industrial and investment uses. Employ a well-defined trading strategy, whether based on technical or fundamental analysis, and always prioritize risk management with appropriate stop-loss orders to protect your capital in this potentially volatile market.
