Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 15,2019


VBCE Daily Foreign Exchange Update for Tuesday, Oct. 15, 2019

USDCAD spot rate: 1.3225 - 1.3230 (as at 7:27am PST)

Ranges:

Asia:

1.3221

to

1.3233

Europe:

1.3221

to

1.3240

North America:

1.3223

to

1.3237

Technical Support / Resistance:

S2

S1

R1

R2

1.3016

1.3140

1.3250

1.3300

Key Economic Data Releases:

- No major economic releases

Event Calendar:

Date

Canada

U.S.A.

Oct 16

Oct 17

Oct 18

CPI

Manufacturing shipments

Retail sales

Industrial production, housing starts, building permits, Philly Fed mfg. survey


Reports that China is seeking the US to remove retaliatory tariffs in exchange for fulfilling its obligation to deliver on $40-$50 billion US agricultural purchases have markets in the black so far this morning. Meanwhile Brexit negotiations seem to be progressing better than expected with sources more hopeful that a deal could be reached over the next little while .Currently, the TSX and the DJIA are up 0.25% and 0.56 respectively. EURCAD is down 0.40% trading between 1.4537 and 1.4610 . GBPCAD is up 1% trading between 1.6667 and 1.6797 . JPYCAD is up 0.3% trading between 0.01220 and 0.01222 . Gold is down 0.75% trading between $1,482 and $1,498USD/oz while silver is down 1.20% trading between $17.45 and $17.73. Oil (WTI crude) is down 0.60% trading between $52.40 and $53.69.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

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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.