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Old 01-27-2007, 05:58 AM
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Re: The Euro FX (EC) Contract
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brownsfan019
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Well, there's plenty of discussions about the ES, YM, ER2 and NQ, so why should this be any different? This is a futures contract, posted in the futures forum; therefore, I assumed the discussion could revolve around the EC futures contract.

As for your comments, the EC does in fact have a life of its own. Every day about 150,000 contracts trade through it. Traders like myself trade the EC and don't touch the spot, so it does appear to have a life of its own.

I apologize for taking time to write up a post about this contract and trying to discuss it. It was purely done to help educate and stimulate discussion on this futures contract that many traders overlook. That's it. As I said, if you want to start a futures vs. forex thread, go for it and I'm sure people will chime in.
What I meant was, the moves in EC are identical to the moves in EUR/USD so any discussion of technical or fundamental influences on EUR/USD apply equally to EC. There are even CME "e-quivalents" which convert their EC price to the EUR/USD spot price. EC is just another way of trading EUR/USD. What sort of discussions did you have in mind?

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