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Canadian Dollar Aug '23 (D6Q23)

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Canadian Dollar Futures Market News and Commentary

Dollar Falls on Weak US Economic Reports and Lower T-note Yields

The dollar index (DXY00) is down -0.24% on lower T-note yields and weak US economic reports.  The 10-year T-note yield is down -2.3 bp at 4.227%.

The preliminary-July S&P US manufacturing PMI fell by -2.1 points to 49.5, which was substantially weaker than expectations of unchanged at 51.6.  The US manufacturing PMI fell below the expansion-contraction level of 50.0 for the first time since December 2023, indicating weakness in the US manufacturing sector.  By contrast, the preliminary-July S&P US services PMI rose by +0.7 points to 56.0, stronger than expectations for a -0.4 point decline to 54.9.

June US new home sales fell by -0.6% to 617,000, weaker than expectations of a rise to 640,000.  Home sales are being undercut by high mortgage rates and high home prices. 

The markets are looking ahead to Friday’s PCE deflator report for an update on when inflation may have fallen enough to allow the Fed to proceed with a rate cut.  The PCE deflator is the Fed’s preferr... 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
08/15/23
Expiration Date
08/15/23 (expired)

Seasonal Chart

Canadian Dollar Aug '23
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Jul 16, 2024

View Chart Details
Commercials - Long / Short
219,027 (+20,859)
81,448 (-3,412)
Non-Commercials - Long / Short
24,734 (+4,471)
157,207 (+25,732)
Dealers / Intermediary - Long / Short
178,474 (+20,887)
3,040 (-6,269)
Asset / Manager - Long / Short
28,600 (-1,034)
139,336 (+23,332)
Leveraged Funds - Long / Short
15,994 (+5,827)
87,584 (+10,492)
Other Reportables - Long / Short
14,099 (-394)
2,101 (-5,279)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.74075 +0.13%
on 08/15/23
0.76240 -2.72%
on 07/20/23
-0.01560 (-2.06%)
since 07/14/23
3-Month
0.73375 +1.08%
on 05/26/23
0.76400 -2.92%
on 07/14/23
-0.00220 (-0.30%)
since 05/15/23

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Most Recent Stories

More News
Dollar Falls on Weak US Economic Reports and Lower T-note Yields

The dollar index (DXY00 ) is down -0.24% on lower T-note yields and weak US economic reports. The 10-year T-note yield is down -2.3 bp at 4.227%. The preliminary-July S&P US manufacturing PMI fell by...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Rises Slightly as Political Factors Continue to Buffet the FX Markets

The dollar index (DXY00 ) on Tuesday rose slightly by +0.14% as US political factors continued to buffet the FX markets. Bearish factors for the dollar include Tuesday’s -1.0 bp decline in the 10-year...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Slightly Higher as Political Factors Continue to Buffet the FX Markets

The dollar index (DXY00 ) is trading slightly higher by +0.18% as US political factors continue to buffet the FX markets. Bearish factors for the dollar today include today’s -2.5 bp decline in the...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Falls Slightly on US Political Uncertainty

The dollar index (DXY00 ) on Monday fell slightly by -0.08%. The dollar was undercut by US political uncertainty and reduced liquidity demand due to the rally in stocks. The dollar saw underlying support...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Little Changed Despite US Political Uncertainty

The dollar index (DXY00 ) today is little changed. The dollar is holding its own despite bearish factors that include US political uncertainty, slightly lower T-note yields, and higher stocks. The 10-year...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Gains on Risk Aversion and Weak Stocks

The dollar index (DXY00 ) on Friday rose by +0.20%. The dollar climbed Friday after a global IT outage prompted risk aversion in asset markets and sparked some safe-haven buying of the dollar. Also, higher...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Sell Alert: Gold’s Breakout Was Just Invalidated

Gold reversed in a clear manner and invalidated its breakout. Buckle up!

Dollar Sees Support from Safe-Haven after a Global IT Outage

The dollar index (DXY00 ) today is up by +0.16%. The dollar is mildly higher today after a global IT outage prompted risk aversion in asset markets and sparked some safe-haven buying of the dollar. Also,...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
Dollar Climbs as Lagarde Comments Hammer the Euro

The dollar index (DXY00 ) Thursday rose by +0.42% on support from higher T-note yields. Gains in the dollar accelerated after the euro tumbled when ECB President Lagarde said risks to the economic outlook...

DXY00 : 104.193 (-0.25%)
^EURUSD : 1.08561 (+0.02%)
^USDJPY : 153.477 (-1.36%)
GCQ24 : 2,427.0 (+0.82%)
SIU24 : 29.515 (+0.63%)
USDCHF Elliott Wave Analysis Favors Selling Bounces

Hello traders, welcome to a new blog post. Today, we will discuss the future path for the (USDCHF) currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast....

^USDCHF : 0.88389 (-0.84%)

Key Turning Points

3rd Resistance Point 0.74680
2nd Resistance Point 0.74540
1st Resistance Point 0.74355
Last Price 0.74170s
1st Support Level 0.74030
2nd Support Level 0.73890
3rd Support Level 0.73705

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52-Week High 0.76400
Fibonacci 61.8% 0.75244
Fibonacci 50% 0.74888
Fibonacci 38.2% 0.74531
Last Price 0.74170s
52-Week Low 0.73375

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