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Canadian Dollar Jun '23 (D6M23)

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Canadian Dollar Futures Market News and Commentary

Dollar Firms on Higher US T-Note Yields

The dollar index (DXY00) dollar today recovered from an early 5-week low and is up +0.25%.  The dollar is seeing support from a rebound in T-note yields.  Today’s US economic reports were mixed for the dollar.  The dollar was undercut by dovish comments from New York Fed President Williams, who said he doesn't "see any need to tighten monetary policy today." 

US weekly initial unemployment claims fell -10,000 to 222,000, showing a weaker labor market than expectations of 220,000.

US Apr housing starts rose +5.7% m/m to 1.36 million, weaker than expectations of 1.421 million.  Apr building permits (a proxy for future construction) unexpectedly fell -3.0% m/m to a 15-month low of 1.44 million, weaker than expectations of 1.48 million.

The US May Philadelphia Fed business outlook survey fell -11.0 to 4.5, weaker than expectations of 7.8.

The US Apr import price index ex-petroleum rose +0.7% m/m, stronger than expectations of +0.1% m/m and the largest increase in... Read more

Contract Specifications

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Contract
Canadian Dollar
Contract Size
CAD 100,000
Tick Size
0.00005 points ($5.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 2:00p.m.) CST
Exchange
CME
Point Value
$100,000
Margin/Maintenance
$1,100/1,000
First Notice Date
06/20/23
Expiration Date
06/20/23 (expired)

Seasonal Chart

Canadian Dollar Jun '23
Average Price Chart for 5 Prior Jun Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
148,390 (+4,031)
76,545 (+2,676)
Non-Commercials - Long / Short
32,945 (-848)
102,166 (+5,172)
Dealers / Intermediary - Long / Short
104,234 (+2,153)
9,503 (+4,347)
Asset / Manager - Long / Short
39,992 (-1,371)
99,547 (+1,544)
Leveraged Funds - Long / Short
14,610 (+3,431)
61,545 (+850)
Other Reportables - Long / Short
16,442 (-509)
2,059 (+1,628)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.73265 +3.02%
on 05/26/23
0.75885 -0.54%
on 06/16/23
+0.01400 (+1.89%)
since 05/19/23
3-Month
0.72540 +4.05%
on 03/24/23
0.75885 -0.54%
on 06/16/23
+0.02175 (+2.97%)
since 03/20/23
52-Week
0.71850 +5.05%
on 10/13/22
0.78625 -4.01%
on 08/11/22
-0.01385 (-1.80%)
since 06/17/22

More Canadian Dollar Quotes

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Most Recent Stories

More News
Dollar Firms on Higher US T-Note Yields

The dollar index (DXY00 ) dollar today recovered from an early 5-week low and is up +0.25%. The dollar is seeing support from a rebound in T-note yields. Today’s US economic reports were mixed for...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Falls and Gold Rallies on Dovish US Economic Reports

The dollar index (DXY00 ) on Wednesday fell by -0.64% and posted a 5-week low. Wednesday’s US economic reports were dovish for the Fed and weighed on the dollar. Also, Wednesday’s rally in the S&P...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes

The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
GBPCAD advances bullish sequence from equal leg

Hello traders. In this blog post, we will look at how (GBPCAD) advances bullish sequence from late 2023 after it bounced from an equal leg area. As you know, we analyze and trade 78 instruments with members...

^GBPCAD : 1.72468 (-0.05%)
USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended...

Dollar Falls on Euro Strength and Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) on Tuesday fell by -0.20% and posted a 1-week low. The dollar retreated Tuesday due to strength in the euro. The dollar extended its losses Tuesday morning after Fed Chair Powell...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Slips and Gold Gains on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) this morning is down -0.14% at a 1-week low. The dollar today is mildly lower, weighed down by the strength of the euro. The dollar extended its losses after Fed Chair Powell...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Falls Slightly on Lower Bond Yields

The dollar index (DXY00 ) on Monday fell by -0.06%. The dollar was under pressure Monday from lower T-note yields, which weakened the dollar’s interest rate differentials. The dollar was also undercut...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Slips on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) this morning is down by -0.17%. The dollar is under pressure today from lower T-note yields and strength in stocks, which reduces liquidity demand for the dollar. The dollar...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)
Dollar Sees Support from Hawkish Fed Comments

The dollar index (DXY00 ) Friday rose slightly by +0.07%. The dollar saw support from hawkish Fed comments and negative inflation news, which sparked a +4.9 bp rise in the 10-year T-note yield to 4.502%...

DXY00 : 104.474 (+0.12%)
^EURUSD : 1.08694 (-0.14%)
^USDJPY : 155.314 (+0.28%)
GCM24 : 2,378.2 (-0.70%)
SIN24 : 29.675 (-0.18%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

The market is in highly overbought territory. Beware of a trend reversal.

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Key Turning Points

3rd Resistance Point 0.76155
2nd Resistance Point 0.76015
1st Resistance Point 0.75745
Last Price 0.75475s
1st Support Level 0.75335
2nd Support Level 0.75195
3rd Support Level 0.74925

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52-Week High 0.78625
Fibonacci 61.8% 0.76037
Last Price 0.75475s
Fibonacci 50% 0.75238
Fibonacci 38.2% 0.74438
52-Week Low 0.71850

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