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Canadian Dollar Oct '17 (D6V17)

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Canadian Dollar Futures Market News and Commentary

Hawkish Fed Comments Boost the Dollar

The dollar index (DXY00) Monday rose by +0.12%.  Higher T-note yields Monday supported moderate gains in the dollar.  Also, hawkish comments from several Fed presidents were bullish for the dollar.  However, the upside in the dollar was contained as Monday’s rally in stocks curbed liquidity demand for the dollar.

Cleveland Fed President Mester said she doesn't think inflation will come down quickly and doesn't believe three rate cuts in 2024 are still appropriate.

San Francisco Fed President Daly said she's "not yet confident" inflation is coming down sustainably to 2%.

Fed Vice Chair Jefferson said the US April inflation data were "encouraging," but "it is too early to tell whether the recent slowdown in the disinflationary process will be long lasting."

Atlanta Fed President Bostic said "nothing has changed" regarding his view that maybe only one rate cut will be appropriate in 2024.

The markets are discounting the chances for a -25 bp rate cut at 5%... 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
10/16/17
Expiration Date
10/17/17 (expired)

Seasonal Chart

Canadian Dollar Oct '17
Average Price Chart for 5 Prior Oct Contracts

Commitment of Traders Positions as of May 14, 2024

View Chart Details
Commercials - Long / Short
147,626 (-764)
69,406 (-7,139)
Non-Commercials - Long / Short
34,286 (+1,341)
114,589 (+12,423)
Dealers / Intermediary - Long / Short
106,492 (+2,258)
3,507 (-5,996)
Asset / Manager - Long / Short
41,790 (+1,798)
105,163 (+5,616)
Leveraged Funds - Long / Short
12,493 (-2,117)
67,398 (+5,853)
Other Reportables - Long / Short
15,269 (-1,173)
2,059 (unch)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.79415 +0.28%
on 10/06/17
0.82165 -3.08%
on 09/18/17
-0.02485 (-3.03%)
since 09/15/17
3-Month
0.78325 +1.67%
on 08/15/17
0.82915 -3.96%
on 09/08/17
+0.00725 (+0.92%)
since 07/17/17

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Most Recent Stories

More News
Hawkish Fed Comments Boost the Dollar

The dollar index (DXY00 ) Monday rose by +0.12%. Higher T-note yields Monday supported moderate gains in the dollar. Also, hawkish comments from several Fed presidents were bullish for the dollar. However,...

DXY00 : 104.537 (-0.03%)
^EURUSD : 1.08648 (+0.07%)
^USDJPY : 156.162 (-0.06%)
GCM24 : 2,423.5 (-0.62%)
SIN24 : 31.905 (-1.61%)
Stocks are Mixed in Afternoon Trade

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.64%. US stock indexes today are mixed,...

$SPX : 5,308.13 (+0.09%)
SPY : 530.06 (+0.12%)
$DOWI : 39,806.77 (-0.49%)
DIA : 398.10 (-0.46%)
$IUXX : 18,674.19 (+0.69%)
QQQ : 454.91 (+0.70%)
ZNM24 : 109-030 (unch)
NCLH : 16.94 (+7.56%)
CCL : 16.09 (+7.27%)
RCL : 147.70 (+4.07%)
TER : 139.51 (+5.76%)
MU : 129.00 (+2.96%)
Dollar Firms with Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.09%. Higher T-note yields today are supporting moderate gains in the dollar. However, the upside in the dollar is contained as strength in stocks today has...

DXY00 : 104.537 (-0.03%)
^EURUSD : 1.08648 (+0.07%)
^USDJPY : 156.162 (-0.06%)
GCM24 : 2,423.5 (-0.62%)
SIN24 : 31.905 (-1.61%)
Stocks Mixed on M&A Activity and Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.38%. US stock indexes today are mixed....

$SPX : 5,308.13 (+0.09%)
SPY : 530.06 (+0.12%)
$DOWI : 39,806.77 (-0.49%)
DIA : 398.10 (-0.46%)
$IUXX : 18,674.19 (+0.69%)
QQQ : 454.91 (+0.70%)
ZNM24 : 109-030 (unch)
NCLH : 16.94 (+7.56%)
CCL : 16.09 (+7.27%)
RCL : 147.70 (+4.07%)
TER : 139.51 (+5.76%)
NVDA : 947.80 (+2.49%)
Elliott Wave Webinar: Metals Breaking Out

We can be headed into potentially another volatile week, based on the significant movements we observed last week, particularly in the metals market. Both gold and silver surged, largely due to a drop...

Dollar Little Changed on Mixed Fed Comments

The dollar index (DXY00 ) on Friday fell by -0.01%. The dollar was under pressure Friday on dovish comments from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, “it will...

DXY00 : 104.537 (-0.03%)
^EURUSD : 1.08648 (+0.07%)
^USDJPY : 156.162 (-0.06%)
GCM24 : 2,423.5 (-0.62%)
SIN24 : 31.905 (-1.61%)
Stock Indexes Mixed as They Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. US stock indexes today are...

$SPX : 5,308.13 (+0.09%)
SPY : 530.06 (+0.12%)
$DOWI : 39,806.77 (-0.49%)
DIA : 398.10 (-0.46%)
$IUXX : 18,674.19 (+0.69%)
QQQ : 454.91 (+0.70%)
ZNM24 : 109-030 (unch)
TTWO : 150.90 (+2.07%)
AMD : 166.33 (+1.13%)
DD : 79.87 (-0.05%)
FCX : 54.86 (+1.16%)
DOCS : 28.96 (+3.32%)
Dollar Finds Support from Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.12%. Higher T-note yields today are supportive of the dollar. The dollar also garnered some support today from mixed economic news from China, which showed...

DXY00 : 104.537 (-0.03%)
^EURUSD : 1.08648 (+0.07%)
^USDJPY : 156.162 (-0.06%)
GCM24 : 2,423.5 (-0.62%)
SIN24 : 31.905 (-1.61%)
Dollar Ends Higher and Gold Falls on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday recovered from an early 5-week low and finished up +0.12%. The dollar found support Thursday from higher T-note yields. Also, comments from Cleveland Fed President...

DXY00 : 104.537 (-0.03%)
^EURUSD : 1.08648 (+0.07%)
^USDJPY : 156.162 (-0.06%)
GCM24 : 2,423.5 (-0.62%)
SIN24 : 31.905 (-1.61%)
How is the Dollar Index Declining Even Though it is Slightly Higher?

The dollar index has edged higher from the level in late February 2024. However, other markets are screaming the dollar index is losing value even though it has posted a slight gain.

$DXY : 104.53 (-0.07%)
GCM24 : 2,423.5 (-0.62%)
UUP : 28.60 (+0.14%)
UDN : 18.05 (-0.11%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 16% Sell with a Strengthening short term outlook on maintaining the current direction.

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 0.79635
1st Resistance Point 0.79635
Last Price 0.79635s
1st Support Level 0.79635
2nd Support Level 0.79635
3rd Support Level N/A

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52-Week High 0.82915
Last Price 0.79635s
Fibonacci 61.8% 0.79070
Fibonacci 50% 0.77883
Fibonacci 38.2% 0.76695
52-Week Low 0.72850

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