Mini canadian dollar futures

The dollar index DXY00 on Friday fell Jun yen futures J6M0 closed down The dollar index on Friday posted modest losses as a rally in stocks eased liquidity demand for dollars. The dollar saw some support after Friday's U. Apr payroll report was not as dire as expected.

Canadian Dollar Currency Futures

It accounts for about 2 percent of all global reserve currencies and is the fifth most-held reserve currency in the world, after the U. The currency is issued and maintained by the Bank of Canada. In the foreign exchange market, the Canadian dollar is known as the loonie, a name it got from the image of the loon on its one-dollar coin. The Canadian dollar futures is a financial derivative instrument in which the underlying asset is the Canadian dollar, and the pricing is based on the expected future exchange rate of the Canadian dollar to the U.

By definition, the Canadian dollar futures is a tradable contract to receive or deliver the specified amount of the currency on a future date, at an already agreed exchange rate. As with all other futures contracts, the Canadian dollar futures are standardized and trades on the futures exchanges. An important benefit of trading on an exchange is that the currency futures market is well regulated, unlike the spot forex market, where the broker can trade against the trader.

The Canadian dollar futures is a leveraged instrument, so a trader only needs to deposit a portion of the total worth of the contract to be able to trade the contract. The minimum amount a trader needs to carry a contract is referred to as the margin, and it varies with the exchanges, market conditions, expiration of the contract, and the type of contract full or micro contract.

Traders whose accounts are falling below the maintenance margin are required to top up their accounts to be able to keep their contracts. To start trading the Canadian dollar futures, all you need is to create an account with the exchange through your futures broker and deposit the required margin.

You need not have the full dollar worth of the contract to start. Be cautious about futures trading though — while you can easily make money, you can also lose more than you invested. Speculation : The majority of the traders in the currency futures market are there for speculative reasons, and the Canadian dollar futures offers a great opportunity for speculation.

Hedging : Investors, fund managers, and business people, who are exposed to Canadian dollar exchange rate risks, may use the Canadian dollar futures as a risk management tool. Arbitrage trading : Arbitrage traders may simultaneously buy and sell the Canadian dollar contract on different platforms so as to benefit from any imbalance in prices. The Canadian dollar futures contracts trade on the Chicago Mercantile Exchange CME Group, and through the Globex electronic trading platforms, the contract can be traded from any part of the world Sundays to Fridays from p.

CT the following day, with a one-hour break each day. A Canadian dollar futures full contract settles for , Canadian dollars. The price quotation is in U. Apart from the full contract, there are also micro contracts on the Canadian dollars, which are equivalent to 10, Canadian dollars. For the full contracts, there are contracts listed for the first three consecutive months and 20 months in the March quarterly cycle March, June, September, and December.

Trading terminates at a. CT on the business day immediately preceding the third Wednesday of the contract month usually Tuesday. If the stated date for termination is a bank holiday in Chicago or New York City, then, trading shall terminate on the next preceding business day common to Chicago and New York City banks and the Exchange. At expiration, the contract is settled by physical delivery of the stipulated amount of Canadian dollars and is usually done on the third Wednesday of the expiring month.

If that day is a bank holiday in either Chicago, or New York City, or is not a business day in the country of delivery, the delivery shall then be made on the next day which is a business day in the country of delivery and is not a bank holiday in Chicago or New York City. Being one of the bigger futures contracts on currencies, the Canadian dollar market works well with trading strategies.

There are a lot of edges hidden on the market that you may use to build your own trading strategies. We ourselves trade several trading strategies on this market, and it often blends beautifully in a portfolio of trading strategies! There are many fundamental and technical factors that can affect the Canadian dollar futures.

The fundamental factors include economic reports and political events. Economic data : These are the reports with the highest impact on the Canadian dollar futures market:. Political events : Serious political events, such as elections, in both Canada and the US, can have significant effects on the Canadian dollar futures. The Canadian dollar futures offers business people a way to hedge their exchange rate-exposed obligations and provides traders with the opportunity to speculate on the Canadian dollar.

It trades on the CME and its Globex electronic trading platforms. Signup Here Lost Password. Closes at pm on Fridays. The second business day before the third Wednesday of the contract month.

What Do Canadian Dollar Futures mean? Why Trade the Canadian Dollar futures Traders play the Canadian dollar futures market for the following reasons: Speculation : The majority of the traders in the currency futures market are there for speculative reasons, and the Canadian dollar futures offers a great opportunity for speculation. Canadian Dollar Futures Seasonal Chart. Therobusttrader 9 April, Home Swing Trading Signals! Login Become a member! Login Page. Don't Miss Our. Swing Trading Signal Service!

Take Us For a Test Ride! Sign up to our newsletter to get the latest news! Login to Your Account. Tick Size. Contract Size. Contract Months. March, June, September, December. Trading Hours. Last Trading Day.

The dollar index (DXY00) on Friday fell (%). Jun euro-fx futures (​E6M0) closed up + (+%), and EUR/USD (^EURUSD) rose. Get current Canadian Dollar Futures prices, quotes, charts, contract specifications, and news. Stay up to date and learn more with Cannon Trading Today!

Learn how the foreign exchange markets allow traders to take positions on currencies around the world, providing open market access, transparency, and security in a variety of contract sizes. Get to know Euro FX futures, which allow traders to take positions on the value of the euro versus the U. This contract grants traders wide exposure to the economy of the eurozone, which includes 19 out of the 28 European Union states. Learn more about the third most commonly traded currency, the yen, and discover how Japanese yen futures allow traders to take a position on the yen versus the U. Tap into one of the world's major financial hubs and take a position on the British pound sterling versus the U.

Below is a summary and basic information from the exchange for some of the popular commodities that fall under the currency sector. Currency markets are used by both speculators and hedgers.

Stocks: Real-time U. International stock quotes are delayed as per exchange requirements.

Canadian Dollar Futures

My analysis makes us get the 0. Like, comment and follow me! I have opened long positions on the Canadian Dollar Futures and I believe the price will rise to the top of the channel. Here is my analysis on the canadian dollar. A very nice movement to take.

It accounts for about 2 percent of all global reserve currencies and is the fifth most-held reserve currency in the world, after the U. The currency is issued and maintained by the Bank of Canada. In the foreign exchange market, the Canadian dollar is known as the loonie, a name it got from the image of the loon on its one-dollar coin. The Canadian dollar futures is a financial derivative instrument in which the underlying asset is the Canadian dollar, and the pricing is based on the expected future exchange rate of the Canadian dollar to the U. By definition, the Canadian dollar futures is a tradable contract to receive or deliver the specified amount of the currency on a future date, at an already agreed exchange rate. As with all other futures contracts, the Canadian dollar futures are standardized and trades on the futures exchanges. An important benefit of trading on an exchange is that the currency futures market is well regulated, unlike the spot forex market, where the broker can trade against the trader. The Canadian dollar futures is a leveraged instrument, so a trader only needs to deposit a portion of the total worth of the contract to be able to trade the contract. The minimum amount a trader needs to carry a contract is referred to as the margin, and it varies with the exchanges, market conditions, expiration of the contract, and the type of contract full or micro contract. Traders whose accounts are falling below the maintenance margin are required to top up their accounts to be able to keep their contracts.

Get current Canadian Dollar Futures prices, quotes, charts, contract specifications, and news.

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