Chris and Pete start their first segment of the FX Futures market. They cover cross currencies, and the five majors in FX: Euro, Australian Dollar, Pound, Yen, and Canadian dollar.
A currency future is a futures contract that exchanges one currency for another at a specified date in the future. Typically, one of the two currencies is the US dollar. The price for this pair is then in terms of US dollar per unit of the other currency.
They also discuss the upcoming FOMC meeting and Chris’s new Corn future strangle.EURO Contract Specs
- Symbol: /6E
- Contract Size: 125,000 EUROFX
- Delta: 125000
- Minimum Tick: $0.00005
- Tick Value: $6.25
- Expiration: March, June, September, December