Big discrepancy 6E/@EU# vs. EURUSD spot | Currency Futures - futures trading strategies, market news, trading charts and platforms

Currency Futures

This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section


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

  #3 (permalink)

Market Wizard
Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
Fat Tails's Avatar
Posts: 9,794 since Mar 2010
Thanks: 4,235 given, 26,376 received

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,

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.

Reply With Quote
The following 5 users say Thank You to Fat Tails for this post: