Metals and energies beyond gold and oil: what do you trade?
Silver, platinum, copper, natural gas, heating oil — the extended commodity list at brokers has its own spreads, rollovers and quirks. The niche traders' experiences are thin on the ground.
Share:
- the broker and the instrument
- the spreads and rollover you see
- why you trade it over the majors
The commodity currencies guide connects several of these to FX.
Background: Commodity currencies explained: the Australian, New Zealand and Canadian dollars and the Norwegian krone
Why the currencies of big commodity exporters move with iron ore, dairy and oil prices, what each country actually exports, and when the link weakens.
What are commodity currencies?
Currencies of countries where commodity exports are a large share of trade, such as the Australian dollar (iron ore), the New Zealand dollar (dairy), the Canadian dollar (oil) and the Norwegian krone (oil and gas).
Why does the Australian dollar follow China?
Iron ore is Australia's largest export and much of it is sold to China, so Chinese demand and data affect Australia's export income and its currency.
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