Euro FX Futures Open Interest in 2015
Euro FX Futures Open Interest opened 2015 at 406,624 and closed at 400,497, a -1.51% move for the year. The high of 496,465 was reached on March 10, and the low of 311,366 on September 15.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 406,624 | 449,726 | 450,262 | 406,624 | +10.60% |
| Feb | 457,209 | 431,217 | 457,209 | 431,217 | -5.68% |
| Mar | 440,733 | 459,746 | 496,465 | 440,733 | +4.31% |
| Apr | 441,624 | 456,919 | 457,610 | 441,624 | +3.46% |
| May | 449,254 | 431,927 | 449,254 | 428,580 | -3.86% |
| Jun | 428,403 | 346,115 | 436,540 | 345,427 | -19.21% |
| Jul | 354,885 | 357,940 | 366,892 | 354,885 | +0.86% |
| Aug | 367,885 | 374,977 | 374,977 | 356,952 | +1.93% |
| Sep | 363,980 | 322,721 | 383,187 | 311,366 | -11.34% |
| Oct | 337,606 | 380,564 | 380,564 | 337,606 | +12.72% |
| Nov | 405,462 | 444,626 | 444,626 | 405,462 | +9.66% |
| Dec | 462,447 | 400,497 | 474,921 | 400,497 | -13.40% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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