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Canadian Dollar Aug '23 (D6Q23)

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Canadian Dollar Futures Market News and Commentary

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 T-note yield and the weaker-than-expected US economic reports.

June US existing home sales fell -5.4% to 3.89 million, weaker than market expectations for a -3.2% drop to 3.98 million.  Home sales continue to be undercut by high mortgage rates and high home prices.

The July Richmond Fed manufacturing index fell by -7 points to -17, weaker than expectations for a +3 point rise to -7.  The July Richmond Fed business conditions index fell by -1 point to -8, although June was revised higher by 3 points to -8 from -11.

The July Philadelphia Fed non-manufacturing activity index fell sharply to -19.1 from 2.9 in June.

Vice President Harris has already locked up enough delegates in virtual voting to win the nomination as the Democratic presidential candidate at the Demo... 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 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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)
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 : 0.88468 (-0.75%)
Dollar Firms on Higher T-Note Yields and Euro Weakness

The dollar index (DXY00 ) today is up by +0.25% on strength in T-note yields. Gains in the dollar accelerated after the euro fell when ECB President Lagarde said risks to the economic outlook are tilted...

DXY00 : 104.210 (-0.23%)
^EURUSD : 1.08572 (+0.03%)
^USDJPY : 153.854 (-1.12%)
GCQ24 : 2,420.7 (+0.56%)
SIU24 : 29.480 (+0.51%)

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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