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Canadian Dollar Dec '23 (D6Z23)

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Canadian Dollar Futures Market News and Commentary

Dollar Tumbles as Bond Yields Fall on Weak US Manufacturing News

The dollar index (DXY00) today is down by -0.41% at a 2-week low on pressure from lower T-note yields.  Also, the strength in stocks today has reduced liquidity demand for the dollar. Losses in the dollar accelerated after today’s news that the US ISM manufacturing index and Apr construction spending unexpectedly declined.

The US May ISM manufacturing index unexpectedly fell -0.5 to 48.7, weaker than expectations of an increase to 49.5.  The May ISM price paid sub-index fell -3.9 to 57.0, weaker than expectations of 59.0.

US Apr construction spending unexpectedly fell -0.1% m/m, weaker than expectations of +0.2% m/m.

Comments from Minneapolis Fed President Kashkari were slightly hawkish and supportive of the dollar when he said the Federal Reserve would likely keep interest rates on hold for an "extended period of time" until new economic data convinces policymakers that inflation is on the way down.

The markets are discounting the chances for a -25 bp rate c... 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 May 28, 2024

View Chart Details
Commercials - Long / Short
189,745 (+25,454)
99,392 (+26,958)
Non-Commercials - Long / Short
37,299 (+1,900)
123,884 (-2,339)
Dealers / Intermediary - Long / Short
110,570 (-9,550)
29,868 (+25,795)
Asset / Manager - Long / Short
78,163 (+33,939)
111,802 (-3,049)
Leveraged Funds - Long / Short
15,583 (+1,752)
67,302 (-4,126)
Other Reportables - Long / Short
14,041 (-1,492)
5,617 (+3,294)
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 Tumbles as Bond Yields Fall on Weak US Manufacturing News

The dollar index (DXY00 ) today is down by -0.41% at a 2-week low on pressure from lower T-note yields. Also, the strength in stocks today has reduced liquidity demand for the dollar. Losses in the dollar...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
^USDJPY : 156.217 (-0.68%)
GCQ24 : 2,363.0 (+0.73%)
SIN24 : 30.570 (+0.43%)
Traders Need To Be Cautiously Optimistic About The Big ECB Event Taking Place This Week. Here Is Why

This is an important week for the European Central Bank (ECB, and also for traders and investors who are highly focused on the bank’s monetary policy. The bank, for the first time in nearly 20 years,...

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Dollar Drops as Bond Yields Fall on US Inflation and Personal Spending Reports

The dollar index (DXY00 ) on Friday fell slightly by -0.04%. The dollar was undercut by Friday’s -5 bp decline in the US 10-year T-note yield after the US PCE deflator report was in line with market...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
Dollar Drops as Bond Yields Fall on Hopeful US Inflation Report

The dollar index (DXY00 ) today is down -0.21%. The dollar is being undercut by today’s -5 bp decline in the US 10-year T-note yield after the US PCE deflator report was in line with market expectations...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
^USDJPY : 156.217 (-0.68%)
GCQ24 : 2,363.0 (+0.73%)
SIN24 : 30.570 (+0.43%)
Dollar Drops as Bond Yields Fall on Weak US Economic News

The dollar index (DXY00 ) Thursday fell back from a 2-week high and finished down -0.37%. Thursday’s dovish US economic reports knocked T-note yields lower and weighed on the dollar. The dollar remained...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
^USDJPY : 156.217 (-0.68%)
GCQ24 : 2,363.0 (+0.73%)
SIN24 : 30.570 (+0.43%)
Dollar Falls on Dovish US Economic News and Lower Bond Yields

The dollar index (DXY00 ) today fell back from a 2-week high and is down -0.33%. Today’s dovish US economic reports knocked T-note yields lower and are weighing on the dollar. Also, dovish comments...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
^USDJPY : 156.217 (-0.68%)
GCQ24 : 2,363.0 (+0.73%)
SIN24 : 30.570 (+0.43%)
The Kiwi Is Finally On The Rise

The Kiwi Is Finally On The Rise, as we see it turning sharply and impulsively up away from the support by Elliott wave theory.

Elliott Wave Analysis Expects a Flat Correction as Wave 2 in EURUSD

Short Term Elliott Wave in (EURUSD) suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii))...

^EURUSD : 1.08686 (+0.19%)
Dollar Rallies as Bond Yields Rise and Stocks Retreat

The dollar index (DXY00 ) Wednesday rose by +0.48% and posted a 2-week high. The dollar rallied Wednesday on the rise in the 10-year T-note yield to a 4-week high. The dollar also garnered some support...

DXY00 : 104.332 (-0.32%)
^EURUSD : 1.08686 (+0.19%)
^USDJPY : 156.217 (-0.68%)
GCQ24 : 2,363.0 (+0.73%)
SIN24 : 30.570 (+0.43%)

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.

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

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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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