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Canadian Dollar Dec '23 (D6Z23)
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Canadian Dollar Futures Market News and Commentary

Dollar Falls on Dovish Fed Comments and Euro Strength

The dollar index (DXY00) on Tuesday fell by -0.34% and posted a 3-1/2 month low. The dollar Tuesday was under pressure on dovish comments from Fed Governor Waller, who said that Fed policy is well-positioned, signaling he favors a continued pause to Fed rate hikes. Also, hawkish ECB comments Tuesday boosted EUR/USD to a 3-1/2 month high and undercut the dollar.  The dollar recovered from its worst levels after U.S. Nov consumer confidence rose more than expected. 

Tuesday’s U.S. economic news was mixed for the dollar.  On the bearish side, the Nov Richmond Fed manufacturing survey fell -8 to -5, weaker than expectations of 1.  Conversely, the Sep CoreLogic composite-20 home price index rose +3.92% y/y, stronger than expectations of +3.90% and the largest increase in 9 months.  Also, the Conference Board U.S. Nov consumer confidence index rose +2.9 to 102.0, stronger than expectations of 101.0.

Tuesday’s Comments from Fed Governor Waller suggest he favors pausing Fed rate... 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 (20 days)
Expiration Date
12/19/23 (20 days)

Seasonal Chart

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

Commitment of Traders Positions as of Nov 21, 2023

View Chart Details
Commercials - Long / Short
145,080 (-6,963)
74,997 (+652)
Non-Commercials - Long / Short
19,407 (+729)
84,847 (-4,234)
Dealers / Intermediary - Long / Short
104,910 (-6,955)
19,393 (+1,179)
Asset / Manager - Long / Short
30,695 (+1,665)
83,589 (-865)
Leveraged Funds - Long / Short
14,296 (-549)
50,917 (-3,750)
Other Reportables - Long / Short
10,306 (-383)
1,665 (-134)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.71985 +2.39%
on 11/01/23
0.73865 -0.22%
on 11/29/23
+0.01605 (+2.23%)
since 10/27/23
3-Month
0.71985 +2.39%
on 11/01/23
0.74850 -1.53%
on 09/19/23
-0.00130 (-0.18%)
since 08/29/23
52-Week
0.71985 +2.39%
on 11/01/23
0.76520 -3.68%
on 07/14/23
-0.00935 (-1.25%)
since 11/28/22

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 32% Buy with a Average short term outlook on maintaining the current direction.

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

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Key Turning Points

3rd Resistance Point 0.74160
2nd Resistance Point 0.73965
1st Resistance Point 0.73850
Last Price 0.73700
1st Support Level 0.73540
2nd Support Level 0.73345
3rd Support Level 0.73230

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52-Week High 0.76520
Fibonacci 61.8% 0.74788
Fibonacci 50% 0.74252
Fibonacci 38.2% 0.73717
Last Price 0.73700
52-Week Low 0.71985

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