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Canadian Dollar Dec '23 (D6Z23)

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Canadian Dollar Futures Market News and Commentary

Dollar Sinks and Precious Metals Soar as Greenland Crisis Escalates

The dollar index (DXY00) dropped to a 2-week low today and is down by -0.84%.  The dollar is falling today as President Trump's push to take over Greenland is reviving fears of trade confrontations between the US and its European allies, with little sign of de-escalation.  Overnight, President Trump threatened steep tariffs on French champagne after French President Macron ruled out joining a US-led peace initiative.  There are also fears that rising tensions in Greenland could prompt European investors to dump their dollar assets. 

The markets are discounting the odds at 5% for a -25 bp rate cut at the FOMC's next meeting on January 27-28.

The dollar continues to see underlying weakness as the FOMC is expected to cut interest rates by about -50 bp in 2026, while the BOJ is expected to raise rates by another +25 bp in 2026, and the ECB is expected to leave rates unchanged in 2026. 

The dollar is also under pressure as the Fed boosts liquidity in the financial syste... 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
12/19/23
Expiration Date
12/19/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jan 13, 2026

View Chart Details
Commercials - Long / Short
122,096 (-3,063)
76,281 (-12,816)
Non-Commercials - Long / Short
62,705 (+5,774)
104,955 (+7,439)
Dealers / Intermediary - Long / Short
71,205 (-5,295)
32,900 (-10,534)
Asset / Manager - Long / Short
71,451 (+392)
63,407 (+1,675)
Leveraged Funds - Long / Short
22,400 (+6,370)
78,099 (+4,973)
Other Reportables - Long / Short
12,915 (+978)
0 (-1,757)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.72670 +3.11%
on 11/22/23
0.74995 -0.09%
on 12/19/23
+0.02010 (+2.76%)
since 11/17/23
3-Month
0.71985 +4.09%
on 11/01/23
0.74995 -0.09%
on 12/19/23
+0.00455 (+0.61%)
since 09/19/23
52-Week
0.71985 +4.09%
on 11/01/23
0.76520 -2.08%
on 07/14/23
+0.01320 (+1.79%)
since 12/19/22

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Most Recent Stories

More News
Dollar Sinks and Precious Metals Soar as Greenland Crisis Escalates

The dollar index (DXY00 ) dropped to a 2-week low today and is down by -0.84%. The dollar is falling today as President Trump's push to take over Greenland is reviving fears of trade confrontations between...

DXY00 : 98.471 (-0.93%)
GCG26 : 4,770.2 (+3.80%)
SIH26 : 94.895 (+7.18%)
^USDJPY : 157.973 (-0.10%)
^EURUSD : 1.17339 (+0.76%)
Elliott Wave Live: Dollar Turns Down From Resistance, Big Move Coming?

It seems that markets are taking the response from European leaders seriously, who apparently are not willing to give up easily on Greenland, and this is clearly evident on the price charts. The USD is...

ONE44 Bitcoin Analysis

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

^BTCUSDT : 89,749.82 (-3.53%)
^BTCUSD : 89,701.38 (-3.55%)
EUR/USD (6E) at a Crossroad: Will Macro Forces Break the Range or Reinforce the Balance?

EUR/USD continues to trade within a well-defined range between 1.18 and 1.148, reflecting an ongoing tug-of-war between U.S. resilience and Eurozone fragility. Strong U.S. labor and spending data have...

Dollar Recovers on Fed Chair Speculation

The dollar index (DXY00 ) on Friday rose by +0.04%. The dollar recovered from early losses on Friday and moved higher after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair....

DXY00 : 98.471 (-0.93%)
GCG26 : 4,770.2 (+3.80%)
SIH26 : 94.895 (+7.18%)
^USDJPY : 157.973 (-0.10%)
^EURUSD : 1.17339 (+0.76%)
What the 2025 BIS Data Says About 2026 Trends in FX Markets

In 2025, the Bank for International Settlements updated its Triennial Central Bank Survey of FX markets. What are the five trends that could shape the FX landscape in 2026?

Dollar Drops as the Yen Gains on Verbal Warnings

The dollar index (DXY00 ) today is down by -0.14% as it consolidates modestly below Thursday's 6-week high. The strength in equity markets today has curbed some liquidity demand for the dollar. Also,...

DXY00 : 98.471 (-0.93%)
GCG26 : 4,770.2 (+3.80%)
SIH26 : 94.895 (+7.18%)
^USDJPY : 157.973 (-0.10%)
^EURUSD : 1.17339 (+0.76%)
6J: The Yen’s Make-or-Break Moment: Key Levels Every Trader Should Watch

Japanese Yen futures are trading near a critical long term support zone as persistent macro headwinds continue to pressure the currency. Wide rate differentials, ongoing carry trade dynamics, and cautious...

What Was "In" Market Discussions Friday Morning?

Much of Friday morning, the discussion of global financial markets had to do with words starting with "In": Independence, Interest (rates), Increasing, etc.

$DXY : 98.47 (-0.93%)
ZCH26 : 424-0 (-0.18%)
ZWH26 : 510-6 (-1.40%)
ZSH26 : 1057-4 (-0.02%)
ZQF26 : 96.3625 (unch)
Dollar Gains on Strong US Economic News and Hawkish Fed Comments

The dollar index (DXY00 ) climbed to a 6-week high on Thursday and finished up by +0.26%. The dollar is moving higher today on better-than-expected US economic news. Weekly jobless claims unexpectedly...

DXY00 : 98.471 (-0.93%)
GCG26 : 4,770.2 (+3.80%)
SIH26 : 94.895 (+7.18%)
^USDJPY : 157.973 (-0.10%)
^EURUSD : 1.17339 (+0.76%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.

Long term indicators mostly agree with the trend.

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Key Turning Points

3rd Resistance Point 0.75438
2nd Resistance Point 0.75217
1st Resistance Point 0.75073
Last Price 0.74930s
1st Support Level 0.74708
2nd Support Level 0.74487
3rd Support Level 0.74343

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52-Week High 0.76520
Last Price 0.74930s
Fibonacci 61.8% 0.74788
Fibonacci 50% 0.74252
Fibonacci 38.2% 0.73717
52-Week Low 0.71985

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