Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 19, 2019


USDCAD spot rate: 1.3260 - 1.3265 (as at 7:19am PST)

Ranges:

Asia:

1.3290

to

1.3307

Europe:

1.3278

to

1.3297

North America:

1.3256

to

1.3290

Technical Support / Resistance:

S2

S1

R1

R2

1.3160

1.3233

1.3310

1.3380

Key Economic Data Releases:

- U.S. initial jobless claims 208k ( 213k exp.) 206k previous

- Philly Fed mfg. survey 12.0 (11.0 exp.) 16.8 previous

Event Calendar:

Date

Canada

U.S.A.

Sept 20

Retail sales

In the premarket, the futures for the major indices were implying a lower opening. However, those declines have been erased, and the major indices are opening with modest gains. Costco and US Steel were downgraded and are trading lower, but Microsoft announced after the close a 11% increase in dividend and a $40 billion buyback repurchase program.

  • Costco is trading down -2.07%
  • US Steel is trading down -12.93%
  • Microsoft shares are trading up 2.04%

In the US debt market yields remain lower with declines of over three basis points out the curve.

Currently, the TSX is up 0.26% and the DJIA is up 0.21%. EURCAD is up 0.33% trading between 1.4657 and 1.4709. GBPCAD is down 0.05% trading between 1.6516 and 1.6602. JPYCAD is up 0.33% trading between 0.01225 and 0.01232. Gold is up 0.77% trading between $1,489 and $1,504USD/oz while silver is up 1.10% trading between $17.59 and $17.94. Oil (WTI crude) is up 1.09% trading between $58.34 and $59.29.

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