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Canadian Dollar Sep '24 (D6U24)

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Canadian Dollar Futures Market News and Commentary

Dollar Falls Sharply on Dovish US PCE Inflation Report

The dollar index (DXY00) on Friday edged to a new 2-year high but then fell back and ended the day down -0.72%.  The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused weaker US interest rate differentials with the 10-year T-note yield down -4 bp.  In addition, Friday’s US personal spending and consumer sentiment reports were slightly weaker than expected.

The dollar was also undercut by US political uncertainty as the US government faced a shutdown at midnight Friday if Congress does pass a stop-gap spending bill.

Friday’s PCE price index report was a bit weaker than expected, which could give the FOMC a bit more leeway to cut interest rates.  The Nov PCE price index rose +0.1% m/m and +2.4% y/y, a bit weaker than expectations of +0.2% m/m and +2.5% y/y.  The Nov core PCE price index rose +0.1% m/m and +2.8% y/y, a bit weaker than expectations of +0.2% m/m and +2.9% y/y.

Friday’s headline Nov PCE price index report of +2.... 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
09/17/24
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 Dec 17, 2024

View Chart Details
Commercials - Long / Short
430,972 (+97,466)
235,515 (+97,945)
Non-Commercials - Long / Short
19,170 (-9,864)
201,225 (-9,363)
Dealers / Intermediary - Long / Short
262,725 (+8,312)
18,354 (+5,807)
Asset / Manager - Long / Short
26,356 (-2,362)
182,847 (+10,564)
Leveraged Funds - Long / Short
15,303 (-3,672)
89,196 (-9,227)
Other Reportables - Long / Short
18,526 (-1,486)
19,111 (-5,372)
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 Falls Sharply on Dovish US PCE Inflation Report

The dollar index (DXY00 ) on Friday edged to a new 2-year high but then fell back and ended the day down -0.72%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Dollar Falls on Dovish US PCE Inflation Report

The dollar index (DXY00 ) today edged to a new 2-year high but then fell back and is currently down -0.32%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused...

DXY00 : 107.621s (-0.73%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
GBP/USD Volatility Persists Amid Diverging Monetary Policies

The Bank of England (BoE) and the U.S. Federal Reserve (Fed) continue to implement divergent monetary policies, which has resulted in an increase in volatility for the GBP/USD pair. The market's cautious...

Dollar Climbs on Reduced Fed Rate Cut Expectations

The dollar index (DXY00 ) Thursday rose by +0.36% and posted a 2-year high. The dollar recovered from early losses Thursday and moved higher on better-than-expected US economic news. The dollar also had...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Dollar Jumps to a 2-Year High on a Hawkish Fed

The dollar index (DXY00 ) Wednesday rose by +1.04% and posted a 2-year high. The dollar rallied Wednesday after the FOMC signaled only 50 bp of interest rate cuts next year, down from a September projection...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Dollar Slightly Higher Before Fed Rate Decision

The dollar index (DXY00 ) today is trading slightly higher on speculation the Fed will signal a pause in its rate-cutting cycle after cutting rates by -25 bp today. Higher T-note yields today are also...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Kiwi Is Nearing Strong Support; Bullish Reversal in 2025?

Kiwi Is Nearing Strong Support which may cause a bullish reversal in 2025 from technical and Elliott wave perspective.

Dollar Edges Higher Ahead of Wednesday’s FOMC Decision

The dollar index (DXY00 ) on Tuesday rose by +0.08%. The dollar posted modest gains on Tuesday after US Nov retail sales rose more than expected. Also, the weakness in stocks Tuesday boosted liquidity...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Dollar Boosted by Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.03%. The dollar today is posting modest gains after US Nov retail sales rose more than expected. Also, today’s jump in the 10-year T-note yield to a 3-1/2...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)
Dollar Weakens as Stocks Rally

The dollar index (DXY00 ) Monday fell by -0.14%. Strength in stocks on Monday curbed liquidity demand for the dollar. Losses in the dollar were contained after T-note yields moved higher and strengthened...

DXY00 : 107.621s (-0.73%)
GCG25 : 2,645.1s (+1.42%)
SIH25 : 29.958s (+1.86%)
^USDJPY : 156.413 (-0.65%)
^EURUSD : 1.04292 (+0.64%)

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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