Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 1, 2019


USDCAD spot rate: 1.3240 - 1.3245 (as at 7:16am PST)

Ranges:

Asia:

1.3195

to

1.3220

Europe:

1.3210

to

1.3225

North America:

1.3220

to

1.3247

Technical Support / Resistance:

S2

S1

R1

R2

1.3020

1.3170

1.3260

1.3250

Key Economic Data Releases:

- Canada Markit Mfg. PMI 50.2 (49.5 exp.) 49.2 previous

- U.S. ISM/Markit mfg. PMI 50.4 (50.0 exp.) 50.0 previous

- U.S. initial jobless claims 215k (214 k exp.) 207k previous

Event Calendar:

Date

Canada

U.S.A.

Aug 2

Int'l merchandise trade

Non-farm payrolls, unemployment rate, Avg. hourly earnings, trade balance

U.S. stocks rose as traders digested better-than-expected corporate earnings and awaited Friday's jobs report for clues on the economy's strength after the Federal Reserve first rate cut in a decade. Treasuries rose and the dollar pared gains after key factory data disappointed. The S&P 500 rose for the first time in four days after sinking the most in two months when Chairman Jerome Powell signaled additional cuts are not guaranteed. Attention now turns to Friday's nonfarm payrolls data. General Motors Co. rallied after results beat analysts estimates, while tech lead gains as the FAANG cohort of megacap companies all advanced. The greenback pared gains, and 10-year Treasury yields slipped below 2% after a measure of U.S. manufacturing missed, but still pointed to expansion. The pound weakened, extending its losing streak, after the Bank of England left interest rates unchanged. West Texas oil fell below $57 a barrel. Currently, the TSX is down 0.08% and the DJIA is up 0.33%. EURCAD is up 0.13% trading between 1.4579 and 1.4632. GBPCAD is down 0.08% trading between 1.5969 and 1.6044. JPYCAD is up 0.61% trading between 0.01208 and 0.01221. Gold is down 0.30% trading between $1,400 and $1,412USD/oz, silver is down 1.16% trading between $15.92 and $16.26USD/oz, while oil (WTI crude) is down 2.10% trading between $56.56 and $57.99.

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