for the past 2 months traded maximum at 150 pip ranges for each of the prior 8 weeks. Spot market EUR/USD Futures contracts since July traded 2 day highs at 300,000 contracts and a fairly normal 150,000 to 200,000 per day contracts. In days long past and never to return, EUR/USD traded 500,000 to 700,000 per day contracts regularly. No such concept as a 300,000 contract day existed.
Japan interest rate contracts in 1998 traded 9,000 per day and today contracts rose to 65,000 and at all time highs. EUR, JPY and DXY are most widely traded while JPY and USD market share account for 74.4% and 71.4%. Most popular are contracts with maturities at 1 year or less. Japan alone accounts for 87 trillion USD in Notional amounts.
Anchor currencies must be viewed in total as permanent 200 pip weeks at the maximum and 300 peaks for GBP/JPY and wide rangers, GBP/NZD, EUR/NZD, EUR/AUD and GBP/AUD.DXY is in the same position as the past 8 weeks as severely overbought at 105.00's and 200 pip ranges from 103.00's to 105.00's.