Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 27, 2019


USDCAD spot rate: 1.3223 - 1.3228 (as at 8:08am PST)

Ranges:

Asia:

1.3263

to

1.3277

Europe:

1.3250

to

1.3276

North America:

1.3223

to

1.3265

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3230

1.3275

1.3300

Key Economic Data Releases:

- U.S. personal income: 0.4% (exp 0.4% / prev 0.1%) spending: 0.1% (exp 0.3% / prev 0.5%)

- U.S. core personal consumption exp price index m/m: 0.1% (exp 0.2% / prev 0.2%)

- U.S. core PCE price index y/y: 1.8% (exp 1.8% / prev 1.7%)

- U.S. durable goods orders: 0.2% (exp -1.0% / prev 2.0%)

- U.S. non-defense capital goods orders ex aircraft: -0.2% (exp 0% / prev 0%)

- U.S. consumer sentiment index: 93.2 (exp 92.0 / prev 92.0)

Event Calendar:

Date

Canada

U.S.A.

Sept 30

Oct 1

Oct 2

Oct 3

Oct 4

Raw mat / indust product price index

GDP, Markit manufacturing

Int'l merchandise trade, Ivey PMI

Chicago purchasing managers index

ISM / Markit manufacturing PMI

ADP employment change

ISM non-manufacturing PMI

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

Yesterday, USDCAD initially dropped from 1.3265 down to 1.3231 (near 2 week lows) before climbing back to hold a 1.3263/77 range for the balance of the session. The range this week has been extremely narrow – just 72 pips (1.3231 - 1.3303). The USD and JPY are broadly weaker this morning while the EURO has recovered after hitting a 3 year low vs. the USD overnight. USDCAD has fallen from 1.3277 and has just broken below the weekly low of 1.3231. Oil prices were down 3% earlier towards the pre-Saudi attack levels from two weeks ago but have since recovered. Currently, the TSX is down 0.29% while the DJIA is up 0.25% – still near historical highs. EURCAD is down 0.10% trading between 1.4470 and 1.4513 – near 29 month lows. GBPCAD is down 0.30% trading between 1.6279 and 1.6382 – near 2 week lows. JPYCAD is down 0.50% trading between 0.01224 and 0.01232 – near 2 month lows. Gold is down 1% trading between $1,487 and $1,507USD/oz – near 2 month lows while silver is down 2% near 1 month lows trading between $17.30 and $17.90. Oil (WTI crude) is down 1% trading between $54.97 and $56.83.

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