Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 24, 2019


USDCAD spot rate: 1.3080 - 1.3085 (as at 7:20am PST)

Ranges:

Asia:

1.3065

to

1.3080

Europe:

1.3060

to

1.3085

North America:

1.3053

to

1.3084

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3050

1.3131

1.3200

Key Economic Data Releases:

- U.S. Durable Goods orders -0.3% (-0.2% exp.) 0.3% previous

- U.S. Initial jobless claims 212k (215k exp.) 218k previous

Event Calendar:

Date

Canada

U.S.A.

Oct 24

Oct 25

Durable goods orders, new home sales

Consumer sentiment index

Stocks struggled for direction on Thursday despite strong earnings from Microsoft and Tesla.

The S&P 500 hovered along the flatline while the Dow Jones Industrial Average slipped 0.3%, or 73 points. The Nasdaq Composite climbed 0.3%. Microsoft reported earnings per share of $1.38 on revenue of $33.06 billion for the previous quarter. Analysts polled by Refinitiv expected a profit of $1.25 per share on revenue of $32.23 billion. Microsoft's strong quarterly performance was driven in part by Azure, its cloud business, which saw revenues grow by 59% on a year-over-year basis. The stock rose 1.4%.

Currently, the TSX is 0.41% and the DJIA is down 0.24%. EURCAD is down 0.06% trading between 1.4529 and 1.4590. GBPCAD is down 0.55% trading between 1.6817 and 1.6933. JPYCAD is up 0.32% trading between 0.01201 and 0.01205. Gold is up 0.33% trading between $1,488 and $1,501USD/oz while silver is up 1.16% trading between $17.48 and $17.84. Oil (WTI crude) is up 0.25% trading between $55.41 and $56.36.

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