future of euro, EUR/USD

future of euro, EUR/USD

future of euro traded on CME and, according to the exchange terminology, is called a futures contract Euro FX. Basic goods of the contract is Euro currency, the official monetary unit of the 17 countries of the European Union.
As a means of payment, the Euro was introduced on 1 January 1999, in eleven countries in Europe. The space, which has the currency, called the Euro zone. The European Central Bank, the Issuer determines the monetary policy for all the countries of the Eurozone. Residence of the ECB is in Germany, the city of Frankfurt am main.
The main economic indicators that affect the value of the future of the euro, otherwise the exchange rate of the Euro, are GDP, inflation, foreign exchange reserves, balance of trade, the volume of industrial production and the index of business and consumer confidence in the Eurozone.
Futures contract Euro FX has a stock Ticker 6E, to which are added the characters of the month and year of delivery. For trading available six nearby contracts with quarterly delivery for months: March, June, September, and December. That is, you can buy or sell a futures contract on EUR, starting from the next month of delivery up to one and a half years ahead. This contract is the most liquid among currency futures.
The size of a single future of euro is 125 000 Euro. For example, you bought one contract under the Ticker 6EZ2. This means that you make a commitment to take (buy) 19 December 2012 125 000 euros at the price of opening of the transaction, regardless of the exchange rate of the currency pair EUR/USD on the specified date. You can close the transaction at any time prior to the expiration of the futures contract, receiving profit or loss, depending on changes in asset prices. The minimum price change, one tick, is one thousandth ($0.0001), the price of one tick of a contract - $12.5.
Through the trade terminal for the trade are two of the closest in terms of delivery futures contract on EUR. As well as the ability to trade in fractional shares, up to 0.01 of a contract. Margin, or pledge, for the opening of 0.01 of the contract is $7, or the equivalent in the currency of your account, supporting margin - $3.5. This means that for the opening transaction on your account must be at least $7. After opening the transaction, the margin shall be equal to the $3.5. The Commission of the broker - $0.10.
Traders using short-term transactions, can profit from changes in the price of the futures contract on EUR. In this they take on the risk equivalent of losses from changes in the price on the opposite side of the opening transaction.
Long-term investors, wishing to minimize trading risks, I recommend you to consider the option of simultaneous opening of two transactions. If the core banking interest rate more than in the Euro area than in the United States, we sell a futures contract on EUR and is equivalent to the volume of change us dollars into Euros, that is, buy EUR/USD at Forex.
What does it give us? For an open position on the EUR/USD Forex us on a daily basis is calculated positive swap. This is equivalent to the fact that we took our dollars and put in a European Bank. The deal on the futures contract on EUR protects our trading account of the drawdown.
You have a question, is the price of futures on the Euro exchange rate of EUR/USD in the interbank market? It is in the day of expiration of the contract. At another time it may be in contango (above the spot price), and in бэквардации, бэквардейшн (lower than the price on the interbank market). The prices of contracts for different delivery months differ among themselves.

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