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


USDCAD spot rate: 1.3305 - 1.3310 (as at 7:21am PST)

Ranges:

Asia:

1.3312

to

1.3344

Europe:

1.3298

to

1.3318

North America:

1.3300

to

1.3321

Technical Support / Resistance:

S2

S1

R1

R2

1.3205

1.3275

1.3345

1.3380

Key Economic Data Releases:

- U.S. CPI 1.7% (1.8% exp.) 1.7% previous

- U.S. initial jobless claims 210k (219k previous) 220k previous

Event Calendar:

Date

Canada

U.S.A.

Oct 11

Net employment change, unemployment rate, avg hourly wages

Consumer sentiment index

The US stock market is open and is drifting higher as US and China officials gather for trade negotiations. The optics from China seem to be more positive, but the devil is in the details of what they are willing to do. The feeling in the market is buying pork or agricultural goods is old news to the Trump administration. Does the concessions stop new tariffs being imposed, is probably the best case scenario.

Currently, the TSX is down 0.20% while the DJIA is up 0.54%. EURCAD is up 0.04% trading between 1.4621 and 1.4689. GBPCAD is down 0.11% trading between 1.6251 and 1.6321. JPYCAD is down 0.42% trading between 0.01233 and 0.01243. Gold is down 1.09% trading between $1,493 and $1,513USD/oz while silver is down 2.22% trading between $17.42 and $17.86. Oil (WTI crude) is up 1.22% trading between $52.16 and $53.46.

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