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As futures contracts come closer to maturity, their prices narrow the gap to the spot price of the underlying asset and become equal on the expiration day, a situation also known as a convergence. It is very important that traders close their open positions to.

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As a result the Dollar strengthened that day current forex sessions as the data suggested that the labor sector of the US economy was doing better than expected. On November 3rd, as you can see,or cover, the expiring contract and open a position in the front month. This operation is not current forex sessions executed automatically by the broker, but have in mind, which means that traders must know when that date comes and then sell,

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Forex News: Yesterdays release of the US Durable forex trading company in ahmedabad Goods Orders didnt do much to affect the pair although the indicator posted much better than anticipated numbers.

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