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Canadian Dollar Sep '24 (D6U24)

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Canadian Dollar Futures Market News and Commentary

Dollar Climbs on Weak Stocks and Hawkish Fed Comments

The dollar index (DXY00) Friday rose by +0.21% and posted a 2-week high. The weakness in stocks Friday boosted liquidity demand for the dollar.  Hawkish comments Friday from New York Fed President Williams and Chicago Fed President Goolsbee were also positive for the dollar when they signaled their support for steady Fed policy. 

New York Fed President Williams said, "The current modestly restrictive stance of the Fed's monetary policy is entirely appropriate given the solid labor market and inflation still running somewhat above our 2% goal."

Chicago Fed President Goolsbee signaled he favors steady Fed policy when he said there's a lot of strength in the hard economic data and the Fed needs to be a steady hand and take the long view.

The markets are discounting the chances at 18% for a -25 bp rate cut after the May 6-7 FOMC meeting.

EUR/USD (^EURUSD) Friday fell by -0.30% and posted a 2-week low.  The euro retreated on Friday due to a stronger dollar and dov... 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
$1,265/1,150
First Notice Date
09/17/24
Expiration Date
09/17/24 (expired)

Seasonal Chart

Canadian Dollar Sep '24
Average Price Chart for 5 Prior Sep Contracts

Commitment of Traders Positions as of Mar 18, 2025

View Chart Details
Commercials - Long / Short
300,798 (+23,847)
153,639 (+32,836)
Non-Commercials - Long / Short
18,089 (-1,108)
154,671 (-6,936)
Dealers / Intermediary - Long / Short
211,949 (-8,896)
20,801 (+3,831)
Asset / Manager - Long / Short
31,120 (+609)
169,724 (-7,879)
Leveraged Funds - Long / Short
10,823 (+3,877)
74,345 (+3,938)
Other Reportables - Long / Short
23,931 (+71)
2,376 (-1,068)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.73140 +0.61%
on 08/19/24
0.74455 -1.17%
on 08/28/24
+0.00465 (+0.64%)
since 08/16/24
3-Month
0.71790 +2.50%
on 08/05/24
0.74455 -1.17%
on 08/28/24
+0.00550 (+0.75%)
since 06/17/24
52-Week
0.71790 +2.50%
on 08/05/24
0.76045 -3.23%
on 12/27/23
-0.00720 (-0.97%)
since 09/15/23

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Most Recent Stories

More News
Dollar Climbs on Weak Stocks and Hawkish Fed Comments

The dollar index (DXY00 ) Friday rose by +0.21% and posted a 2-week high. The weakness in stocks Friday boosted liquidity demand for the dollar. Hawkish comments Friday from New York Fed President Williams...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Weak Stocks and Fed Comments Boost the Dollar

The dollar index (DXY00 ) today is up by +0.14% and climbed to a 2-week high. The weakness in stocks today has boosted liquidity demand for the dollar. Hawkish comments today from New York Fed President...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Strong US Economic Reports Boost the Dollar

The dollar index (DXY00 ) Thursday rose by +0.41% and posted a 1-1/2 week high. The dollar rose Thursday on concerns that US trade policies will keep inflation elevated and dissuade the Fed from lowering...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Dollar Gains on Solid US Economic News

The dollar index (DXY00 ) today is up by +0.52%. The dollar is climbing today on concerns that US trade policies will keep inflation elevated and dissuade the Fed from lowering interest rates. The dollar...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Dollar Moves Higher as FOMC Keeps Interest Rates Unchanged

The dollar index (DXY00 ) Wednesday rose by +0.25%. The dollar rose moderately on Wednesday after the FOMC kept interest rates unchanged as expected. The dollar also found support after the FOMC raised...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Gold's Technical Warning Signs Point to 2011-Style Decline

This is NOT like it was in 2017-2018 - when Trump started his previous presidency.

June British Pound Futures Just Hit a 5-Month High. Here Are the Levels to Watch for a Buying Opportunity.

Currency traders are betting that the U.K. economy will fare better than the U.S. economy.

$DXY : 104.08 (+0.28%)
B6M25 : 1.2925s (-0.26%)
Dollar Moves Higher Ahead of FOMC Results

The dollar index (DXY00 ) today is up by +0.41%. The dollar is moderately higher ahead of the results of today's FOMC meeting, which is expected to show the Fed keeping interest rates unchanged. Also,...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
Dollar Falls With T-note Yields

The dollar index (DXY00 ) Tuesday fell by -0.14%. The dollar on Tuesday gave up early gains and fell to a 5-month low after T-note yields gave up an early advance and turned lower, weakening the dollar’s...

DXY00 : 104.088s (+0.23%)
GCJ25 : 3,021.4s (-0.74%)
SIK25 : 33.486s (-1.49%)
^USDJPY : 149.311 (+0.35%)
^EURUSD : 1.08160 (-0.34%)
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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 24% Buy with a Weakest 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 0.73855
2nd Resistance Point 0.73745
1st Resistance Point 0.73665
Last Price 0.73585s
1st Support Level 0.73475
2nd Support Level 0.73365
3rd Support Level 0.73285

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52-Week High 0.76045
Fibonacci 61.8% 0.74420
Fibonacci 50% 0.73918
Last Price 0.73585s
Fibonacci 38.2% 0.73415
52-Week Low 0.71790

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