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Canadian Dollar Jun '23 (D6M23)
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Canadian Dollar Futures Market News and Commentary

Dollar Slightly Lower on Expectations of a Fed Pause

The dollar index (DXY00) on Wednesday fell by -0.03%.  The dollar is under pressure from expectations the Fed will pause its rate-hike campaign at next week’s FOMC meeting.  The market expects only a 29% chance the Fed will raise its fed funds target range by +25 bp next week.  The dollar recovered from its worst levels after the 10-year T-note yield rose to a 1-1/2 week high of 3.799%.

Wednesday’s U.S. economic news was mixed for the dollar.  On the bearish side, the U.S Apr trade deficit widened to -$74.6 billion from -$64.2 billion in Mar, the largest deficit in 6 months but smaller than expectations of -$75.8 billion.  Conversely, Apr consumer credit rose +$23.01 billion, stronger than expectations of +$22.0 billion and the most in 5 months.

EUR/USD (^EURUSD) on Wednesday rose by +0.10%.  Central bank divergence is bullish for the euro on the prospects for the Fed to pause raising interest rates next week while the ECB raises rates.  Also, hawkish comments Wednesday... 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
$1,375/1,250
First Notice Date
06/20/23 (12 days)
Expiration Date
06/20/23 (12 days)

Seasonal Chart

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

Commitment of Traders Positions as of May 30, 2023

View Chart Details
Commercials - Long / Short
107,243 (+3,646)
68,206 (+13,749)
Non-Commercials - Long / Short
37,619 (+17,231)
67,533 (-1,381)
Dealers / Intermediary - Long / Short
65,945 (+1,611)
2,930 (unch)
Asset / Manager - Long / Short
30,598 (+2,793)
82,205 (+7,534)
Leveraged Funds - Long / Short
31,800 (+15,298)
41,723 (+5,282)
Other Reportables - Long / Short
9,874 (+1,203)
2,236 (-420)
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 +2.19%
on 05/26/23
0.75490 -0.82%
on 06/07/23
+0.00010 (+0.01%)
since 05/08/23
3-Month
0.72265 +3.60%
on 03/10/23
0.75490 -0.82%
on 06/07/23
+0.02280 (+3.14%)
since 03/08/23
52-Week
0.71850 +4.20%
on 10/13/22
0.79455 -5.77%
on 06/09/22
-0.04550 (-5.73%)
since 06/08/22

More Canadian Dollar Quotes

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Most Recent Stories

More News
Dollar Slightly Lower on Expectations of a Fed Pause

The dollar index (DXY00 ) on Wednesday fell by -0.03%. The dollar is under pressure from expectations the Fed will pause its rate-hike campaign at next week’s FOMC meeting. The market expects only...

DXY00 : 104.005 (-0.09%)
^EURUSD : 1.07112 (+0.12%)
^USDJPY : 139.862 (-0.21%)
GCQ23 : 1,959.9 (+0.08%)
SIN23 : 23.680 (+0.64%)
Stocks Pressured as Bond Yields Rise on Bank of Canada Rate Hike

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.68%. U.S....

$SPX : 4,267.52 (-0.38%)
SPY : 426.55 (-0.35%)
$DOWI : 33,665.02 (+0.27%)
DIA : 337.17 (+0.30%)
$IUXX : 14,303.29 (-1.75%)
QQQ : 348.82 (-1.70%)
MCHP : 80.99 (+4.50%)
GFS : 59.20 (+3.14%)
NXPI : 186.45 (+2.86%)
MRVL : 59.33 (+0.32%)
AMAT : 135.01 (+0.80%)
ADI : 180.37 (+1.35%)
Dollar Slightly Higher as Weak Eurozone News Pressures Euro

The dollar index (DXY00 ) on Tuesday rose by +0.13%. Higher T-note yields Tuesday strengthened the dollar’s interest rate differentials. Also, hawkish comments from former Fed Vice Chair Clarida were...

DXY00 : 104.005 (-0.09%)
^EURUSD : 1.07112 (+0.12%)
^USDJPY : 139.862 (-0.21%)
GCQ23 : 1,959.9 (+0.08%)
SIN23 : 23.680 (+0.64%)
Strength in Regional Bank Stocks Leads the Overall Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.04%. U.S. stocks...

$SPX : 4,267.52 (-0.38%)
SPY : 426.55 (-0.35%)
$DOWI : 33,665.02 (+0.27%)
DIA : 337.17 (+0.30%)
$IUXX : 14,303.29 (-1.75%)
QQQ : 348.82 (-1.70%)
ZION : 31.49 (+4.55%)
CMA : 43.84 (+1.43%)
KEY : 11.02 (+3.77%)
MTB : 129.97 (+2.26%)
USB : 33.26 (+1.93%)
FITB : 27.12 (+1.27%)
Stocks Slip in Afternoon Trade

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.2%. After...

$SPX : 4,267.52 (-0.38%)
SPY : 426.55 (-0.35%)
$DOWI : 33,665.02 (+0.27%)
DIA : 337.17 (+0.30%)
$IUXX : 14,303.29 (-1.75%)
QQQ : 348.82 (-1.70%)
DVN : 50.05 (+2.25%)
MRO : 24.31 (+4.87%)
FANG : 134.18 (+2.46%)
CVX : 159.83 (+2.59%)
COP : 104.81 (+2.82%)
XOM : 108.53 (+2.24%)
Dollar Pushes Higher on Strong U.S. Payrolls

The dollar index (DXY00 ) on Friday rose by +0.42%. The dollar Friday recovered from a 1-week low and posted moderate gains as T-note yields jumped on the larger-than-expected increase in U.S. May nonfarm...

DXY00 : 104.005 (-0.09%)
^EURUSD : 1.07112 (+0.12%)
^USDJPY : 139.862 (-0.21%)
GCQ23 : 1,959.9 (+0.08%)
SIN23 : 23.680 (+0.64%)
Stocks Rally as U.S. Default Concerns Recede and Wage Pressures Ease

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. U.S. stocks...

$SPX : 4,267.52 (-0.38%)
SPY : 426.55 (-0.35%)
$DOWI : 33,665.02 (+0.27%)
DIA : 337.17 (+0.30%)
$IUXX : 14,303.29 (-1.75%)
QQQ : 348.82 (-1.70%)
DISH : 7.78 (+3.18%)
CAT : 235.55 (+3.91%)
LULU : 353.93 (-0.59%)
DD : 71.03 (-0.01%)
ZS : 144.92 (-5.27%)
TCOM : 34.29 (-2.36%)
Dollar Falls on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) on Thursday fell -0.74% and posted a 1-week low. A decline in T-note yields Thursday undercut the dollar. The dollar also came under pressure after the May ISM manufacturing...

DXY00 : 104.005 (-0.09%)
^EURUSD : 1.07112 (+0.12%)
^USDJPY : 139.862 (-0.21%)
GCQ23 : 1,959.9 (+0.08%)
SIN23 : 23.680 (+0.64%)
Stocks Rally as Tech Climbs on a Decline in Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.94%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. The market...

$SPX : 4,267.52 (-0.38%)
SPY : 426.55 (-0.35%)
$DOWI : 33,665.02 (+0.27%)
DIA : 337.17 (+0.30%)
$IUXX : 14,303.29 (-1.75%)
QQQ : 348.82 (-1.70%)
NTAP : 70.97 (+1.30%)
HRL : 40.37 (-0.15%)
MTCH : 39.32 (-1.01%)
PSTG : 34.02 (-2.52%)
VEEV : 188.88 (-3.62%)
DPZ : 297.56 (-0.06%)
Dollar Gains on Yuan Weakness and a Slide in Stocks

The dollar index (DXY00 ) on Wednesday rose +0.14% and posted a 2-1/2 month high. The dollar saw support Wednesday as weakness in stocks boosted the liquidity demand for the dollar. However, dovish comments...

DXY00 : 104.005 (-0.09%)
^EURUSD : 1.07112 (+0.12%)
^USDJPY : 139.862 (-0.21%)
GCQ23 : 1,959.9 (+0.08%)
SIN23 : 23.680 (+0.64%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 80% Buy with a Strongest short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

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Key Turning Points

3rd Resistance Point 0.76350
2nd Resistance Point 0.75920
1st Resistance Point 0.75360
Last Price 0.74865
1st Support Level 0.74370
2nd Support Level 0.73940
3rd Support Level 0.73380

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52-Week High 0.79455
Fibonacci 61.8% 0.76550
Fibonacci 50% 0.75653
Last Price 0.74865
Fibonacci 38.2% 0.74755
52-Week Low 0.71850

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