Big discrepancy 6E/@EU# vs. EURUSD spot | Currency Futures


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Big discrepancy 6E/@EU# vs. EURUSD spot

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Laurus12 View Post
Did anyone else get this in their charts?

The picture is showing a large discrepancy between the 6E and EURUSD spot forex. Feeds are IQFeed and FXCM.

Could anyone please give some advice and tell me what it means?

Thank you,
Laurus

Friday is rollover day for 6E. This means that IQ feed switches from the old front month contract 06-11 to the new front month contract 09-11 at the close of the session on Thursday, which is 5:00 PM EST.

The large down bar is simply the rollover gap. The June contract closed at 1.4510, the September contract closed at 1.4470, so you should see a gap of 40 pips.

It is obvious that the FOREX cash market does not show any rollover gaps.

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