Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 4, 2019


USDCAD spot rate: 1.3145 - 1.3150 (as at 8:57am PST)

Ranges:

Asia:

1.3130

to

1.3147

Europe:

1.3130

to

1.3160

North America:

1.3137

to

1.3161

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3130

1.3190

1.3240

Key Economic Data Releases:

- U.S. factory orders: -0.6% (exp -0.5% / prev -0.1%)

Event Calendar:

Date

Canada

U.S.A.

Nov. 5

Nov. 6

Nov. 7

Nov. 8

Int'l merch trade

Ivey PMI

Net employment change

Unemployment rate, Avg hourly wages

Trade balance. ISM non-mfg index

Jobless claims


On Friday, USDCAD dropped from 1.3170 down to 1.3140 before climbing to 1.3196 after the U.S. jobs report. The move higher was short-lived as broad-based USD weakness saw USDCAD close the week near session lows (1.3133/38). Global equity markets are on the rise today as European manufacturing data beat market estimates. Also, oil prices are up more than 2% on reports of deeper production cuts as OPEC meets on Dec 5-6. USDCAD has held a fairly narrow range with a brief move to 1.3160 followed by a decline to 1.3137 this morning. Currently, the TSX is up 0.42% while the DJIA is up 0.50% - pushing new historical highs. EURCAD is down 0.20% trading between 1.4641 and 1.4694 – near 2 month highs. GBPCAD is down 0.20% trading between 1.6959 and 1.7032 – near a 5 month highs. JPYCAD is down 0.32% trading between 0.01209 and 0.01214 – near 6 month lows. Gold is down 0.50% trading between $1,504 and $1,515USD/oz while silver is down 0.60% trading between $17.97 and $18.21 – both near 6 week highs. Oil (WTI crude) is up 2.25% trading between $55.90 and $57.49 – near 6 week highs.

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