Currency Futures | 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


Currency Futures

  #6 (permalink)

Trading Experience: None
Platform: T4, NinjaTrader
Favorite Futures: All!
patbateman's Avatar
Posts: 235 since Mar 2012
Thanks: 113 given, 197 received

Fat Tails View Post
If you convert the contracts with today's exchange rate you will find

62,500 GBP = 101,425 $
125,000 EUR = 162,225 $
100,000 CAD = 102,432 $
100,000 AUD = 104,480 $

This shows that the 6E contract is oversized, if you compare them to the other contracts, which come all very close to a nominal value of 100,000 $.

As you may expect this has historical reasons. The Euro has gradually been gaining strength against the US dollar over the last decade, which has increased its value. The Aussie has gained even more, but probably the contract size to start with was smaller than today.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Quick correction, everything in bold should be 6B, 6E, 6C and 6A to be clear great work fattails!

"A Jedi's strength flows from the force."
Reply With Quote