Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 8, 2019


USDCAD spot rate: 1.3305 - 1.3310 (as at 8:36am PST)

Ranges:

Asia:

1.3290

to

1.3308

Europe:

1.3288

to

1.3312

North America:

1.3304

to

1.3326

Technical Support / Resistance:

S2

S1

R1

R2

1.3205

1.3275

1.3342

1.3380

Key Economic Data Releases:

- U.S. PPI 1.4% (1.8% exp) 1.8% previous

- Canadian Housing starts 221.2K (214.5K exp.) 226.9k previous

- Canadian Building permits 6.1% (-1.0% exp.) 3.2% previous

Event Calendar:

Date

Canada

U.S.A.

Oct 9

Oct 10

Oct 11

New housing price index

Net employment change, unemployment rate, avg hourly wages

FOMC minutes

CPI, jobless claims

Consumer sentiment index

Stocks have moved lower today on trade pessimism.

A couple of stories are coming forward. One says that the Trump administration is moving ahead with possible restrictions on capital flows into China, including investments from US government pension funds. This follows a similar story about capital controls. According to people familiar with the meeting, the administration's focus is now on ways to further scrutinize index providers' decision to add Chinese firms they consider a material risk for American investors. It's still unclear what legal authority the White House would rely on to force major indexes to drop certain Chinese companies. A separate report from the SCMP says China is already considering a plan to cut short its stay in Washington by one night and that Beijing is subtly toning down expectations. "There's not much optimism," a source was quoted as saying. Currently, the TSX is down 0.65% while the DJIA is down 1.27%. EURCAD is up 0.13% trading between 1.4581 and 1.4646. GBPCAD is down 0.52% trading between 1.6233 and 1.6355. JPYCAD is up 0.74% trading between 0.01236 and 0.01248. Gold is up 0.93% trading between $1,486 and $1,508USD/oz while silver is up 2.24% trading between $17.29 and $17.80. Oil (WTI crude) is down 1.34% trading between $51.83 and $53.26.

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.