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U.S. Dollar/Canadian Dollar (^USDCAD)
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U.S. Dollar/Canadian Dollar Futures Market News and Commentary

Dollar Relinquishes Most of its Gains on Yen Strength

The dollar index (DXY00) on Thursday gave up an early advance and finished little changed, up only +0.01%.  The dollar Thursday initially climbed to a 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected the fed funds rate next year +50 bp higher than they projected back in June. Also, Thursday’s slump in stocks boosted liquidity demand for the dollar.  In addition, soaring T-note yields Thursday strengthened the dollar’s interest rate differentials.  The dollar gave back most of its gains as the yen strengthened ahead of the results of Friday’s BOJ meeting.

Thursday’s U.S. economic news was mixed for the dollar.  On the positive side, weekly initial unemployment claims unexpectedly fell -20,000 to a 7-1/2 month low of 201,000, showing a stronger labor market than expectations of an increase to 225,000.  Also, Aug leading indicators fell -0.4% m/m, a smaller decline than expectations of -0.5% m/m.

O... Read more

Commitment of Traders Positions as of Sep 12, 2023

View Chart Details
Commercials - Long / Short
82,701 (+8,203)
131,976 (+28,017)
Non-Commercials - Long / Short
82,181 (+11,457)
40,298 (-5,463)
Dealers / Intermediary - Long / Short
7,734 (-4,268)
83,253 (+23,357)
Asset / Manager - Long / Short
100,728 (+16,812)
26,309 (-2,319)
Leveraged Funds - Long / Short
41,961 (+1,474)
45,839 (-4,941)
Other Reportables - Long / Short
1,499 (-1,027)
3,913 (-212)

Price Performance

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Period Period Low Period High Performance
1-Month
1.33814 +0.63%
on 09/19/23
1.36945 -1.67%
on 09/07/23
-0.00871 (-0.64%)
since 08/22/23
3-Month
1.30928 +2.85%
on 07/14/23
1.36945 -1.67%
on 09/07/23
+0.03148 (+2.39%)
since 06/22/23
52-Week
1.30928 +2.85%
on 07/14/23
1.39767 -3.66%
on 10/13/22
-0.00188 (-0.14%)
since 09/22/22

Most Recent Stories

More News
Why Japanese Yen Keeps Falling

The Japanese Yen continues to fall, and is now near the level that triggered government intervention last year. Why is Yen so weak and will it keep falling? In this episode, we talked to Clive Ponsonby,...

Bond Breakdown (week of 9/19)

Treasury Futures are beginning to trend sideways potentially indicating an end to the interest rate hike cycle, as T-Bonds continue to correct.

FX Rundown (week of 9/19)

Major Central Bank decisions this week will impact all Currencies

British Pound Turns Bearish on Daily Chart

3 potential support zones approaching between 1.2320 and 1.2025.

$TNX (10-Year Treasury Bond Yields) New Bullish Market

The 10-year Treasury Bond shows an interesting pattern since the all-time lows. A trader or investor needs to understand bonds market, especially the 10 Years. Due to the ten years maturity, this makes...

The Return of Commodity Currencies

Commodity currencies like the Australian dollar and the Norwegian krone are returning to traditional correlations with gold and oil after falling in 2022.

Can Russia Evade US Sanctions With a New CBDC?

How might the introduction of digital ruble and other CBDCs impact the effectiveness of US sanctions and the position of USD as global reserve currency? To unpack these themes, we spoke to David Andolfatto,...

Is Government Debt Default Inevitable?

There has been a surge in government debt in the US and other countries around the world. US government debt now accounts for over 120% of the country's GDP. This raises concerns about the potential for...

Bond Breakdown (week of 9/6)

Treasuries Rebounded Overnight as Yields Hovered at 4.24%. The market will keep an eye on data releases early this morning and Beige Book this afternoon.

USDJPY Elliott Wave Calling The Rally From The Equal Legs Area

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of (USDJPY) , published in members area of the website. As our members know the pair is showing...

^USDJPY : 147.998 (+0.30%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 24% Buy with a Weakening short term outlook on maintaining the current direction.

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Key Turning Points

3rd Resistance Point 1.35914
2nd Resistance Point 1.35575
1st Resistance Point 1.35208
Last Price 1.34644
1st Support Level 1.34502
2nd Support Level 1.34163
3rd Support Level 1.33796

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52-Week High 1.39767
Fibonacci 61.8% 1.36390
Fibonacci 50% 1.35348
Last Price 1.34644
Fibonacci 38.2% 1.34304
52-Week Low 1.30928

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