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EDM6

$--
--%
1d
1w
1m

Analysis and statistics

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About

EDM6.F represents the December 2024 Eurodollar futures contract traded on the CME (Chicago Mercantile Exchange). It's a standardized, exchange-traded contract based on a three-month Eurodollar time deposit rate expectation as of December 2024. Market participants use it to hedge against or speculate on changes in short-term U.S. dollar interest rates. The price reflects the implied forward rate, and settlements are made in cash based on the difference between the contract price and the actual Eurodollar rate at expiration.
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Factors

Underlying Index Performance: EDM6.F tracks the Solactive United States Technology 150 Index. Its price closely reflects the movements of this index, driven by the performance of the constituent tech companies.

Supply and Demand: Market dynamics influence EDM6.F's price. Increased demand pushes the price up, while higher supply can lower it. Trading volume impacts price volatility.

Expense Ratio and Trading Costs: The ETF's expense ratio reduces returns. Brokerage fees and bid-ask spreads affect the cost of buying and selling, impacting overall profitability.

Currency Fluctuations: While focused on US equities, currency exchange rates can affect returns for non-USD investors. Changes can either increase or decrease the value of the investment.

Market Sentiment: General investor optimism or pessimism towards technology stocks can influence the price. Positive sentiment leads to increased investment, driving prices upward, while negative sentiment has the opposite effect.

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