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Canadian Dollar Dec '24 (D6Z24)

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Canadian Dollar Futures Market News and Commentary

Dollar Slips on Lower T-Note Yields and Dovish Williams

The dollar index (DXY00) today is down by -0.19%.  The dollar today is posting modest losses and is weighed down by lower T-note yields.  Also, dovish comments from New York Fed President Williams undercut the dollar when he said he expects the Fed to keep cutting interest rates.  Losses in the dollar were limited after US weekly initial unemployment claims unexpectedly fell to a 6-1/2 month low, a hawkish factor for Fed policy.

US weekly initial unemployment claims unexpectedly fell -6,000 to a 6-1/2 month low of 213,000, showing a stronger labor market than expectations of an increase to 220,000.

The US Nov Philadelphia Fed business outlook survey fell -15.8 to -5.5, weaker than expectations of 8.0.

US Oct leading indicators fell -0,4% m/m, weaker than expectations of -0.3% m/m.

US Oct existing home sales rose +3.4% m/m to 3.96 million, stronger than expectations of 3.95 million.

New York Fed President Williams said US economic growth has been "very g... 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
12/17/24 (26 days)
Expiration Date
12/17/24 (26 days)

Seasonal Chart

Canadian Dollar Dec '24
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Nov 12, 2024

View Chart Details
Commercials - Long / Short
283,278 (+10,340)
91,946 (-74)
Non-Commercials - Long / Short
22,011 (-4,805)
204,400 (+2,355)
Dealers / Intermediary - Long / Short
242,733 (+13,151)
9,422 (-2,262)
Asset / Manager - Long / Short
27,961 (+32)
171,213 (+4,678)
Leveraged Funds - Long / Short
7,940 (-8,789)
98,579 (-6,452)
Other Reportables - Long / Short
21,958 (+1,470)
12,435 (+6,646)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.70960 +1.16%
on 11/15/24
0.72520 -1.01%
on 10/24/24
-0.00585 (-0.81%)
since 10/21/24
3-Month
0.70960 +1.16%
on 11/15/24
0.74665 -3.86%
on 09/25/24
-0.02080 (-2.82%)
since 08/21/24
52-Week
0.70960 +1.16%
on 11/15/24
0.76135 -5.71%
on 12/27/23
-0.01615 (-2.20%)
since 11/21/23

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Most Recent Stories

More News
Dollar Slips on Lower T-Note Yields and Dovish Williams

The dollar index (DXY00 ) today is down by -0.19%. The dollar today is posting modest losses and is weighed down by lower T-note yields. Also, dovish comments from New York Fed President Williams undercut...

DXY00 : 106.552 (-0.12%)
GCZ24 : 2,668.9 (+0.65%)
SIZ24 : 30.910 (-0.31%)
^USDJPY : 153.999 (-0.93%)
^EURUSD : 1.05340 (-0.09%)
Stocks Mostly Lower as Alphabet and Nvidia Fall

The S&P 500 Index ($SPX ) (SPY ) today is down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.66%. Stocks today are mostly lower....

MSTR : 438.28 (-7.50%)
DE : 429.21 (+5.99%)
GOOGL : 165.28 (-6.08%)
SNOW : 168.27 (+30.32%)
$SPX : 5,906.18 (-0.18%)
DDOG : 142.10 (+4.91%)
DFH : 31.88 (+14.22%)
MDB : 315.64 (+12.02%)
$IUXX : 20,543.00 (-0.60%)
QQQ : 498.24 (-0.98%)
ZNZ24 : 109-265 (+0.13%)
WMG : 30.57 (-9.21%)
Dollar Supported by Weak Stocks and Higher T-Note Yields

The dollar index (DXY00 ) Wednesday rose by +0.47%. Higher T-note yields Wednesday and weakness in stocks supported moderate gains in the dollar. Also, weakness in EUR/USD benefitted the dollar on dovish...

DXY00 : 106.552 (-0.12%)
GCZ24 : 2,668.9 (+0.65%)
SIZ24 : 30.910 (-0.31%)
^USDJPY : 153.999 (-0.93%)
^EURUSD : 1.05340 (-0.09%)
Gold Price To Re-Test $2,700

Gold is likely to rally even higher in the near term.

Stocks Fall on Weakness in Retailers and Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is down -0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. Stocks today are moderately...

TGT : 122.85 (+0.93%)
CVS : 56.58 (-0.44%)
APP : 312.24 (-3.99%)
DG : 73.91 (+0.87%)
AVGO : 161.17 (-1.27%)
JPM : 242.84 (+0.86%)
WIX : 216.36 (+2.90%)
FN : 226.15 (-0.07%)
TXN : 196.71 (-0.75%)
$IUXX : 20,543.00 (-0.60%)
UNH : 601.10 (+0.10%)
ASML : 652.50 (-0.90%)
Dollar Grinds Higher on Weak Stocks and Stronger T-Note Yields

The dollar index (DXY00 ) today is up by +0.53%. Higher T-note yields today and weakness in stocks support moderate gains in the dollar. Also, weakness in EUR/USD is benefitting the dollar on dovish...

DXY00 : 106.552 (-0.12%)
GCZ24 : 2,668.9 (+0.65%)
SIZ24 : 30.910 (-0.31%)
^USDJPY : 153.999 (-0.93%)
^EURUSD : 1.05340 (-0.09%)
Stocks Move Lower Ahead of Nvidia’s Earnings

The S&P 500 Index ($SPX ) (SPY ) today is down -0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.59%. Stocks today are moderately...

TGT : 122.85 (+0.93%)
APP : 312.24 (-3.99%)
DG : 73.91 (+0.87%)
WIX : 216.36 (+2.90%)
FN : 226.15 (-0.07%)
TXN : 196.71 (-0.75%)
$IUXX : 20,543.00 (-0.60%)
ASML : 652.50 (-0.90%)
ZNZ24 : 109-265 (+0.13%)
QCOM : 153.99 (-0.18%)
KEYS : 165.55 (+0.04%)
AMD : 135.23 (-1.72%)
Dollar Falls Slightly as T-Note Yields Drop and Stocks Recover

The dollar index (DXY00 ) Tuesday fell by -0.07%. The dollar on Tuesday posted modest losses on the weaker-than-expected US Oct housing starts and building permits reports. Also, lower T-note yields...

DXY00 : 106.552 (-0.12%)
GCZ24 : 2,668.9 (+0.65%)
SIZ24 : 30.910 (-0.31%)
^USDJPY : 153.999 (-0.93%)
^EURUSD : 1.05340 (-0.09%)
Stocks Recover from Early Losses on Strength in Nvidia and Walmart

The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.11%. Stocks are mixed today, with...

INTU : 669.03 (+2.83%)
KHC : 31.05 (+0.55%)
$IUXX : 20,543.00 (-0.60%)
STM : 24.05 (-1.84%)
BNTX : 103.07 (+0.91%)
ZNZ24 : 109-265 (+0.13%)
RTX : 120.37 (+1.02%)
$DOWI : 43,465.04 (+0.13%)
MDT : 84.53 (+0.50%)
SPY : 588.24 (-0.38%)
DIA : 435.21 (+0.21%)
LHX : 247.10 (+1.12%)
Dollar Rebounds from Early Losses on Safe-Haven Demand from Geopolitical Risks

The dollar index (DXY00 ) today is up by +0.10%. The dollar recovered from early losses and moved higher on increased safe-haven demand on reports that Ukraine carried out its first strike on a border...

DXY00 : 106.552 (-0.12%)
GCZ24 : 2,668.9 (+0.65%)
SIZ24 : 30.910 (-0.31%)
^USDJPY : 153.999 (-0.93%)
^EURUSD : 1.05340 (-0.09%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 56% Sell 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 0.72063
2nd Resistance Point 0.71902
1st Resistance Point 0.71738
Last Price 0.71815
1st Support Level 0.71413
2nd Support Level 0.71252
3rd Support Level 0.71088

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52-Week High 0.76135
Fibonacci 61.8% 0.74158
Fibonacci 50% 0.73547
Fibonacci 38.2% 0.72937
Last Price 0.71815
52-Week Low 0.70960

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