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Canadian Dollar Dec '23 (D6Z23)

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Canadian Dollar Futures Market News and Commentary

Dollar Rallies on a Strong US Payroll Report

The dollar index (DXY00) Friday rose by +0.51% and posted a 7-week high. The dollar has rallied every day this week as stronger-than-expected US economic news reduced the chances for a 50 bp Fed rate cut at next month’s FOMC meeting.  Friday’s US Sep payroll report added to recent hawkish news as nonfarm payrolls and average hourly earnings rose more than expected, hawkish factors for Fed policy.  According to the swaps market, the chances of a 50 bp rate cut by the Fed at the November 6-7 FOMC meeting fell to 0% Friday from 35% Thursday.  The dollar also has support on increased safe-haven demand from the escalation of hostilities in the Middle East.   

US Sep nonfarm payrolls rose +254,000, showing a stronger labor market than expectations of +150,000 and the largest increase in 6 months.  The Sep unemployment rate unexpectedly fell -0.1 to 4.1%, showing a stronger labor market than expectations of no change at 4.2%.

US Sep average hourly earnings rose +0.4% m/m and +4... 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 Oct 1, 2024

View Chart Details
Commercials - Long / Short
156,149 (+3,084)
95,981 (+2,662)
Non-Commercials - Long / Short
25,151 (-154)
95,154 (+4,260)
Dealers / Intermediary - Long / Short
108,359 (-6,198)
19,765 (+11,864)
Asset / Manager - Long / Short
37,876 (+9,295)
103,674 (-4,732)
Leveraged Funds - Long / Short
15,073 (-1,828)
59,545 (+79)
Other Reportables - Long / Short
15,622 (+1,720)
3,781 (-230)
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 Rallies on a Strong US Payroll Report

The dollar index (DXY00 ) Friday rose by +0.51% and posted a 7-week high. The dollar has rallied every day this week as stronger-than-expected US economic news reduced the chances for a 50 bp Fed rate...

DXY00 : 102.520s (+0.52%)
GCZ24 : 2,667.8s (-0.43%)
SIZ24 : 32.394s (-0.22%)
^USDJPY : 148.724 (+1.22%)
^EURUSD : 1.09757 (-0.50%)
Stock Market Reacts To US NFP, Traders Are Conerned About Fed's Next Policy Move

Stock futures are trading flat in the aftermath of the US NFP data. The data held great significance for traders and investors, providing a wealth of information about the US labor market, which the Fed...

The Dollar Soar! USDX’s Biggest Weekly Rally Since 2022

The mighty dollar's rally is about to shake the world. And GOLD.

Stocks Supported as US Payroll Report Underscores Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.52%. Stocks rallied today as...

CVS : 64.59 (+2.65%)
AZEK : 43.79 (-5.01%)
AVGO : 176.64 (+2.76%)
DHI : 184.64 (-2.93%)
VZ : 44.18 (-0.76%)
ADI : 228.23 (+0.74%)
RIVN : 10.44 (-3.15%)
TXN : 202.71 (+0.52%)
$IUXX : 20,035.02 (+1.22%)
ZNZ24 : 112-270s (-0.93%)
LNW : 93.39 (+4.39%)
PHM : 139.44 (-2.47%)
Dollar Soars as Bond Yields Jump on US Labor Market Strength

The dollar index (DXY00 ) today is up by +0.45% at a 7-week high. The dollar has rallied every day this week as stronger-than-expected US economic news has reduced the chances for a 50 bp Fed rate cut...

DXY00 : 102.520s (+0.52%)
GCZ24 : 2,667.8s (-0.43%)
SIZ24 : 32.394s (-0.22%)
^USDJPY : 148.724 (+1.22%)
^EURUSD : 1.09757 (-0.50%)
Crucial US Jobs Report Ahead: Fed Rate Cuts on the Line Amid Middle East Tensions and Dollar Strength

Its an important day as we await the US jobs report, which is crucial for the Fed’s next policy decisions.

Dollar Climbs on Safe-Haven Demand from Middle East Risks

The dollar index (DXY00 ) Thursday rose by +0.26% to a 6-week high. The dollar remains underpinned as heightened Middle East tensions are boosting safe-haven demand for the dollar. Also, higher T-note...

DXY00 : 102.520s (+0.52%)
GCZ24 : 2,667.8s (-0.43%)
SIZ24 : 32.394s (-0.22%)
^USDJPY : 148.724 (+1.22%)
^EURUSD : 1.09757 (-0.50%)
Stocks Tilt Lower as Oil Prices Spike

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is off by -0.51%. Stocks are struggling...

MPC : 171.98 (-1.64%)
CLX24 : 74.38s (+0.91%)
HIMS : 17.66 (+3.09%)
MRO : 28.99 (+1.58%)
TSCO : 294.97 (+1.07%)
$IUXX : 20,035.02 (+1.22%)
STM : 28.43 (+0.67%)
LEVI : 19.82 (+1.95%)
ZNZ24 : 112-270s (-0.93%)
OXY : 55.76 (+1.77%)
FANG : 194.61 (+3.35%)
STZ : 246.67 (+1.24%)
Dollar Gains on Middle East Tensions and Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.25% at a 6-week high. The dollar remains underpinned as heightened Middle East tensions are boosting safe-haven demand for the dollar. Also, higher T-note...

DXY00 : 102.520s (+0.52%)
GCZ24 : 2,667.8s (-0.43%)
SIZ24 : 32.394s (-0.22%)
^USDJPY : 148.724 (+1.22%)
^EURUSD : 1.09757 (-0.50%)
Stocks Pressured by Middle East Risks

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.15%. Stocks today are...

NVDA : 124.92 (+1.68%)
CEG : 285.52 (+2.94%)
RNA : 47.30 (+0.53%)
$SPX : 5,751.07 (+0.90%)
ADI : 228.23 (+0.74%)
HIMS : 17.66 (+3.09%)
NXPI : 234.24 (+0.43%)
TSCO : 294.97 (+1.07%)
LUV : 31.25 (+2.43%)
ACN : 362.24 (+0.28%)
$IUXX : 20,035.02 (+1.22%)
STM : 28.43 (+0.67%)

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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