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Inside the Currency Market: Mechanics, Valuation, and Strategies by Brian Twomey

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CME Group Equivalents

An extraordinarily useful tool to traders is Equivalents, offered by the Chicago Mercantile Exchange (CME). Equivalents operates 23 hours a day from Sunday to Friday and can be viewed by anyone around the world from any computer at cmegroup.com/equivalents. Equivalents allows traders to view currency-pair futures prices live in any contract month, and view live volume and notional amounts. More useful is the ability to determine spot prices, cash positions, and a four-time daily update of forward points.

First, view high, lows, and last trades to determine the parameters of the market. Then determine market bids and offer prices, important because these prices can represent major support and resistance; more important is ...

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