Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 19, 2019


USDCAD spot rate: 1.3215 - 1.3220 (as at 7:27am PST)

Ranges:

Asia:

1.3209

to

1.3226

Europe:

1.3211

to

1.3236

North America:

1.3212

to

1.3231

Technical Support / Resistance:

S2

S1

R1

R2

1.3160

1.3190

1.3245

1.3300

Key Economic Data Releases:

- U.S. Housing starts 1.314M (1.32M exp.) 1.266M previous

- U.S. Building permits 1.461M (1.385M exp.) 1.391M previous

- Canadian Mfg. shipments -0.2% (-0.6% exp.) 0.8% previous

Event Calendar:

Date

Canada

U.S.A.

Nov. 20

Nov. 21

Nov. 22

CPI

ADP employment change

Retail sales

EIA crude oil stocks, FOMC minutes

Philly Fed mfg, survey, existing home sales

Markit mfg. PMI, consumer sentiment index

U.S. China trade relations continue to dominate the economic news. Markets remain tepid this morning.

China's Global Times is out with another piece downplaying the chances of a US-China trade deal. There are no sources in the deal, instead the newspaper spoke to people who attended a US-China Entrepreneurs Roundtable."If the business roundtable was any indication, the trade negotiations still face major obstacles to reach any fair and reasonable deal," the report says. Currently, the TSX is down 0.21% while the DJIA is down 0.11%. EURCAD is up 0.15% trading between 1.4608 and 1.4644. GBPCAD is up 0.15% trading between 1.7066 and 1.7126. JPYCAD is up 0.38% trading between 0.01212 and 0.01217. Gold is down 0.29% trading between $1,464 and $1,475USD/oz while silver is up 0.18% trading between $16.97 and $17.18. Oil (WTI crude) is down 2.00% trading between $55.97 and $57.03.

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