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


USDCAD spot rate: 1.3220 - 1.3225 (as at 8:02am PST)

Ranges:

Asia:

1.3219

to

1.3252

Europe:

1.3223

to

1.3252

North America:

1.3217

to

1.3250

Technical Support / Resistance:

S2

S1

R1

R2

1.3160

1.3210

1.3270

1.3300

Key Economic Data Releases:

- Foreign portfolio investment in Canadian securities: $4.76 billion (prev $4.62 billion)

- Canadian investment in foreign securities: -$2.4 billion (prev -$4.45 billion)

- U.S. retail sales: 0.3% (exp 0.3% / prev -0.3%) ex autos: 0.2% (exp 0.4% / prev -0.1%)

- U.S. retail sales control group: 0.3% (exp 0.3% / prev -0.1%)

- U.S. industrial production: -0.8% (exp -0.4% / prev -0.3%)

- NY Empire state manufacturing index: 2.9 (exp 5 / prev 4)

Event Calendar:

Date

Canada

U.S.A.

Nov. 18

Nov. 19

Nov. 20

Nov. 21

Nov. 22

Manufacturing shipments

CPI

ADP employment change

Retail sales

Housing starts, building permits

EIA crude oil stocks, FOMC minutes

Philly Fed mfg, survey, existing home sales

Markit mfg. PMI, consumer sentiment index


Yesterday, USDCAD climbed from 1.3250 up to 1.3272 – a 5 week high and fifth consecutive day of gains (albeit marginal – net gains on the week have been less than 35 basis points). The pairing then fell back to hold near 1.3242/55 for the balance of the day. Overnight, risk trades received a boost from positive trade comments from U.S. White House economic advisor Kudlow. The AUD, NZD, and CAD moved higher while the USD and JPY moved lower during the Asian session. CAD flows reversed during the London session taking USDCAD from 1.3219 back up to 1.3252. U.S. data this morning was a bit weaker than expected and USDCAD has pushed lower once again to 1.3217/22. Currently, the TSX is up 0.25% breaking above the 17,000 level while the DJIA is up 0.40% closing in on the 28,000 level – both new historical highs. EURCAD is up 0.20% trading between 1.4575 and 1.4630 – near 2 week highs. GBPCAD is unchanged trading between 1.7026 and 1.7096 – near 6 month highs. JPYCAD is down 0.40% trading between 0.01215 and 0.01221 – off a 5 week high. Gold is down 0.15% trading between $1,462 and $1,471USD/oz while silver is down 0.20% trading between $16.83 and $17.03 – both near 1 week highs. Oil (WTI crude) is up 0.50% trading between $56.53 and $57.35 – near 7 week highs.

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