Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 24, 2019


USDCAD spot rate: 1.3125 - 1.3130 (as at 7:54am PST)

Ranges:

Asia:

1.3129

to

1.3144

Europe:

1.3122

to

1.3148

North America:

1.3118

to

1.3132

Technical Support / Resistance:

S2

S1

R1

R2

1.3013

1.3062

1.3175

1.3210

Key Economic Data Releases:

- U.S. markit manufacturing: 50.0 (exp 51.0 / prev 50.6)

- U.S. markit services PMI: 52.2 (exp 51.7 / prev 51.5)

Event Calendar:

Date

Canada

U.S.A.

July 25

July 26

Jobless claims, durable goods orders

GDP Q2, GDP price index

The USD/CAD pair traded with a mild positive bias for the fourth consecutive session on Wednesday and is currently placed at session tops, just below mid-1.3100s. After the previous session's late pullback from near one-month tops, the pair managed to regain some positive traction on Wednesday, albeit a combination of diverging forces failed to provide any meaningful impetus. The US Dollar stood tall near five-week tops and remained well supported by the fact that investors continued scaling back expectations of a 50 bps rate cut by the Fed at its upcoming monetary policy meeting on July 30-31. Currently, the TSX is down 0.19% and the DJIA is down 0.28%. EURCAD is down 0.16% trading between 1.4616 and 1.4654. GBPCAD is up 0.35% trading between 1.6319 and 1.6442. JPYCAD is up 0.09% trading between 0.01213 and 0.01216. Gold is up 0.46% trading between $1,416 and $1,429USD/oz, silver is up 1.25% trading between $16.35 and $16.64USD/oz, while oil (WTI crude) is up 1.40% trading between $56.87 and $57.61.

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