What Are Australian Dollar Futures?
Australian Dollar Futures (6A) are futures contracts based on the value of the Australian Dollar (AUD) relative to the U.S. Dollar (USD). These contracts are widely used by traders and investors to hedge or speculate on fluctuations in the value of the Australian Dollar against the U.S. Dollar. Factors such as commodity prices, interest rate differentials, and economic data from both countries influence the Australian Dollar market.
Contract Size
- Contract Size: 100,000 Australian Dollars.
Trading Hours
The Australian Dollar Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global currency markets.
- Sunday to Friday: 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.0001 (1 tick = 1 basis point).
- Tick Value: $10.00 per tick.
- Minimum Price Fluctuation: $0.0001 per AUD/USD.
This makes Australian Dollar Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the foreign exchange market.
Trading Symbol
- Platform Symbol: 6A
Margins
To trade Australian Dollar Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Australian Dollar Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Australian Dollar Futures are used by businesses and investors to hedge against foreign exchange risk.
- Global Influence: The value of the Australian Dollar is influenced by factors such as commodity prices, trade balances, and interest rate differentials between Australia and the U.S.
- Diversification: Add exposure to the foreign exchange market to complement equity or commodity investments.
- Price Discovery: Futures markets provide a key mechanism for determining the fair price of the Australian Dollar.
Start Trading 6A with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Australian Dollar Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.