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Canadian Dollar Sep '18 (D6U18)

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Canadian Dollar Futures Market News and Commentary

Dollar Gains on Hawkish Fed Comments and Higher Bond Yields

The dollar index (DXY00) on Wednesday rose by +0.13%.  Higher T-note yields Wednesday supported modest gains in the dollar.  Also, hawkish comments from Boston Fed President Collins were bullish for the dollar when she said interest rates will likely need to be held higher for longer to reduce price pressures.

US Mar wholesale trade sales unexpectedly fell -1.3% m/m, weaker than expectations of a +0.8% m/m increase.

Boston Fed President Collins said, "The recent upward surprises to activity and inflation suggest the likely need to keep policy at its current level until we have greater confidence that inflation is moving sustainably toward 2% and that the recent data lead me to believe this will take more time than previously thought."

The markets are discounting the chances for a -25 bp rate cut at 10% for the June 11-12 FOMC meeting and 34% for the following meeting on July 30-31.

EUR/USD (^EURUSD) Wednesday fell by -0.09%.  The euro finished slightly lower... 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
09/17/18
Expiration Date
09/18/18 (expired)

Seasonal Chart

Canadian Dollar Sep '18
Average Price Chart for 5 Prior Sep Contracts

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
144,359 (-12,658)
73,869 (+1,314)
Non-Commercials - Long / Short
33,793 (-2,080)
96,994 (-15,329)
Dealers / Intermediary - Long / Short
102,081 (-12,491)
5,156 (+2,816)
Asset / Manager - Long / Short
41,363 (-3)
98,003 (-15,346)
Leveraged Funds - Long / Short
11,179 (-4,721)
60,695 (-498)
Other Reportables - Long / Short
16,951 (+2,359)
431 (-1,105)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.75620 +1.79%
on 09/06/18
0.77630 -0.85%
on 08/28/18
+0.00325 (+0.42%)
since 08/17/18
3-Month
0.74805 +2.89%
on 06/27/18
0.77630 -0.85%
on 08/28/18
+0.01185 (+1.56%)
since 06/18/18
52-Week
0.74805 +2.89%
on 06/27/18
0.81695 -5.78%
on 02/01/18
-0.04255 (-5.24%)
since 09/18/17

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Most Recent Stories

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Stock Furtures Trade Higher While Traders Are Concnered About The BOE's Next Policy Move. Gold and Oil Prices Struggle For Direction

European markets and US futures are trading higher while investors wait for the two most important events to unfold, and one of them will very much shape trading activity for the rest of the month.

Dollar Gains on Hawkish Fed Comments and Higher Bond Yields

The dollar index (DXY00 ) on Wednesday rose by +0.13%. Higher T-note yields Wednesday supported modest gains in the dollar. Also, hawkish comments from Boston Fed President Collins were bullish for the...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Dollar Rises with Bond Yields

The dollar index (DXY00 ) this morning is up by +0.10% on support from higher T-note yields. Today’s stock weakness is also boosting some liquidity demand for the dollar. The dollar fell back from...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Dollar Climbs on Hawkish Fed Comments and a Weak Yen

The dollar index (DXY00 ) Tuesday rose by +0.31%. Hawkish comments Tuesday from Minneapolis Fed President Kashkari supported the dollar when he said it's likely the Fed will keep interest rates where...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Dollar Climbs on Hawkish Fed Comments

The dollar index (DXY00 ) this morning is up by +0.06%. Hawkish comments from Minneapolis Fed President Kashkari supported the dollar when he said he questions if Fed policy is restrictive enough given...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Five Things To Watch in Grain Markets in 2024

Find out what experts are watching for in the grain markets in the coming year with this article.

EURGBP Perfectly Reacting Lower From Blue Box Area

In this technical blog, we are going to take a look at the past performance of (EURGBP) 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as...

^EURGBP : 0.86032 (+0.04%)
Dollar Recovers on Hawkish Fed Comments

The dollar index (DXY00 ) on Monday rose by +0.03%. The dollar on Monday recovered from early losses and posted modest gains after hawkish Fed comments sparked short covering in the dollar. New York Fed...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Dollar Under Pressure and Gold Climbs on Fed Rate Cut Optimism

The dollar index (DXY00 ) this morning is down by -0.06% but is holding above last Friday’s 3-week low. The dollar has some negative carryover from last Friday’s weaker-than-expected US payroll and...

DXY00 : 105.688 (+0.13%)
^EURUSD : 1.07308 (-0.17%)
^USDJPY : 155.835 (+0.20%)
GCM24 : 2,315.6 (-0.29%)
SIN24 : 27.780 (+0.65%)
Elliott Wave Analysis on EURJPY Expects Support Soon

Short Term Elliott Wave View on (EURJPY) suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended...

^EURJPY : 167.225 (+0.02%)

Barchart Technical Opinion

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

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 0.77293
1st Resistance Point 0.77132
Last Price 0.76970s
1st Support Level 0.76677
2nd Support Level 0.76383
3rd Support Level N/A

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52-Week High 0.81695
Fibonacci 61.8% 0.79063
Fibonacci 50% 0.78250
Fibonacci 38.2% 0.77437
Last Price 0.76970s
52-Week Low 0.74805

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