Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 29,2019


VBCE Daily Foreign Exchange Update for Tuesday, Oct. 29, 2019

USDCAD spot rate: 1.3060 - 1.3065 (as at 7:25am PST)

Ranges:

Asia:

1.3054

to

1.3062

Europe:

1.3052

to

1.3065

North America:

1.3042

to

1.3069

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3041

1.3090

1.3140

Key Economic Data Releases:

- U.S. Consumer confidence n/a at time of writing

Event Calendar:

Date

Canada

U.S.A.

Oct 30

Oct 31

Nov. 1

Bank of Canada interest rate

GDP

Markit manufacturing index

GDP Q3, ADP employment change, Fed interest rate decision

Core personal consumption expenditure price index

Non-farm payrolls, unemployment rate, Avg hourly earnings, ISM manufacturing index

U.S. stocks fluctuated after closing at a record as investors digest a spate of earnings reports ahead of tomorrows expected rate cut by the Federal Reserve. With the Bank of Canada weighing in as well with their announcement all eyes are on the two central banks upcoming releases Wednesday.

Currently, the TSX is down 0.24% and the DJIA is down 0.04%. EURCAD is up 0.09% trading between 1.4451 and 1.4505. GBPCAD is up 0.27% trading between 1.6723 and 1.6832. JPYCAD is up 0.33% trading between 0.01197 and 0.01199. Gold is down 0.35% trading between $1,483 and $1,494USD/oz while silver is down 0.35% trading between $17.60 and $17.87. Oil (WTI crude) is down 1.29% trading between $54.65 and $55.84.

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

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.