The Expiration Of Futures

The start of a new week promises to be serious. The expiration of futures takes a large number of companies. The S&P 500 continues to trade on platforms, but we can notice that it is starting to shift into a new futures contract. 

A more open interest comes out from December volumes, it begins to appear in March volumes.

As for currency futures, we can observe similar processes in the Euro / Dollar pair. March futures contracts will be the main ones.

Today is the last trading day of currency futures on the exchange.

Delivery will begin on December 18th. And on December 20, the process of expiration of the S&P 500 index will be held.

Today we will consider the USD instrument.

The US currency should weaken in relation to other currencies, with rare exceptions. The Fed has repeatedly announced that they are ready to conduct repo transactions. This was discussed at the last meeting last week.

The Fed promised to block everything needed with repo deals. This is confirmed by the document issued by FRS where the schedule of these transactions and volumes is approved.

These processes tell us that a significant strengthening of the dollar’s ​​position on the market can’t be expected. We can expect a fall in positions to 1. 1125