Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 22, 2019


USDCAD spot rate: 1.3107 - 1.3112 (as at 8:00am PST)

Ranges:

Asia:

1.3043

to

1.3069

Europe:

1.3040

to

1.3098

North America:

1.3090

to

1.3115

Technical Support / Resistance:

S2

S1

R1

R2

1.2950

1.3013

1.3140

1.3190

Key Economic Data Releases:

- Canada wholesale sales: -1.8% (exp 0.5% / prev 1.6%)

Event Calendar:

Date

Canada

U.S.A.

July 23

July 24

July 25

July 26

House price index, existing home sales

Markit manufacturing / services PMI

Jobless claims, durable goods orders

GDP Q2, GDP price index

Technology shares led gains among U.S. stocks following a mixed session in Europe and Asia as investors looked ahead to a busy week of corporate earnings. The Dow Jones Industrial Average turned negative. Stocks slipped throughout Asia, led by declines in Shanghai and Hong Kong as traders watched escalating tensions there. Treasuries advanced after traders pared bets the Federal Reserve will slash rates by a half-point this month. Oil rose again, heading for its biggest gain in more than a week, after Iran's seizure of a British tanker fanned concerns of a confrontation that could disrupt Middle East supplies. Core European government bonds gained, while the pound slumped after a forecast showed Brexit may have already pushed the U.K. into a technical recession, and as Conservative Party members vote on a new leadership. Investors will be eyeing earnings this week for signs of economic slowdown and any indication that trade strife is affecting companies' bottom lines. On the trade front, Chinese state media reported face to face negotiations with the U.S. may resume soon. The Fed meanwhile, is in a blackout period with regard to policy communications ahead of next week's interest rate decision. Currently, the TSX is up 0.20% and the DJIA is down 0.02%. EURCAD is up 0.29% trading between 1.4624 and 1.4701. GBPCAD is up 0.19% trading between 1.6253 and 1.6359. JPYCAD is up 0.09% trading between 0.01208 and 0.01213. Gold is up 0.09% trading between $1,422 and $1,430USD/oz, silver is up 1.10% trading between $16.17 and $16.42USD/oz, while oil (WTI crude) is up 0.39% trading between $55.90 and $57.01.

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