Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 13, 2019


USDCAD spot rate: 1.3246 - 1.3251 (as at 7:32am PST)

Ranges:

Asia:

1.3210

to

1.3230

Europe:

1.3217

to

1.3229

North America:

1.3213

to

1.3251

Technical Support / Resistance:

S2

S1

R1

R2

1.3120

1.3160

1.3247

1.3340

Key Economic Data Releases:

- U.S. retail sales: 0.4% (exp 0.2% / prev 0.8%) ex autos: 0% (exp 0.1% / prev 1.0%)

- U.S. retail sales control group: 0.3% (exp 0.3% / prev 0.9%)

- U.S. consumer sentiment index: 92.0 (exp 90.9 / prev 89.8)

Event Calendar:

Date

Canada

U.S.A.

Sept 16

Sept 17

Sept 18

Sept 19

Sept 20

Net int'l securities transactions

Manufacturing shipments

CPI

Retail sales

NY Empire state mfg. index

Industrial production

Fed interest rate, economic projections

Philly Fed mfg. survey, jobless claims

Yesterday, USDCAD initially dropped from 1.3190 down to 1.3177 before climbing to 1.3218 – a weekly high. The rate subsequently dropped to 1.3177 before climbing back to hold near 1.3210 for the rest of the day. The Euro was the big mover after the ECB lowered its deposit rate to -0.50% and re-introduced quantitative easing effective Nov. 1 to the tune of EUR20 billion / month. EURCAD initially dropped from 1.4520 down to 1.4431 (2 year low) before bouncing to 1.4633 – a two week high. USDCAD moved up to 1.3242 this morning after U.S. retail sales came in better than expected. U.S. 10 year yields are also on the rise again having hit 1.86% - a 6 week high after having fallen to 3 year lows at 1.44% back on Sept 4th. USDCAD has since fallen to 1.3222 before bouncing to test 1 week highs and last week's broken support level near 1.3250. Currently, the TSX and the DJIA are up 0.50% and 0.15% respectively – both near historical highs. EURCAD is up 0.35% trading between 1.4602 and 1.4693 – near 2 week highs after having fallen to 2 year lows yesterday. GBPCAD is up 1.1% trading between 1.6283 and 1.6496 – near 10 week highs. JPYCAD is up 0.30% trading between 0.01220 and 0.01226 – near 6 week lows. Gold is down 0.35% trading between $1,493 and $1,509USD/oz while silver is down 1.4% trading between $17.77 and $18.19 – both near 3 week lows. Oil (WTI crude) is down 0.60% trading between $54.38 and $55.61 near 1 week lows after having traded near 10 week highs earlier this week.

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