Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 23, 2019

USDCAD spot rate: 1.3086 - 1.3094 (as at 8:20am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian wholesale sales: -1.2% (exp 0.3% / prev 1.4%)

Event Calendar:

U.S. stocks rose as investors sifted through a batch of earnings reports. Treasuries and the dollar advanced. Oil rebounded. The S&P 500 Index traded near the 3,000 level. Boeing Co. led gains in the Dow Jones Industrial Average after mapping out a sharp boost to output of the 737 Max. The momentum in earnings has slowed pretty sharply, so there's not a lot of expectations for earnings growth and there is clearly more evidence of concern about slowing outside the U.S. Elsewhere, oil climbed after a U.S. government report showed a surprise drop in crude supplies. The pound rose as the European Union considered granting another delay to the Oct.31 Brexit deadline. Currently, the TSX is down 0.21% and the DJIA is up 0.24%. EURCAD is down 0.06% trading between 1.4542 and 1.4578. GBPCAD is up 0.05% trading between 1.6813 and 1.6888. JPYCAD is down 0.12% trading between 0.01204 and 0.01209. Gold is up 0.33% trading between $1,487 and $1,496USD/oz while silver is up 0.06% trading between $17.50 and $17.61. Oil (WTI crude) is up 1.05% trading between $53.69 and $55.23.