Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 25, 2019

USDCAD spot rate: 1.3314 - 1.3319 (as at 8:48am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian wholesale sales: 1% (exp 0.4% / prev -1.2%)

Event Calendar:

U.S. equities climbed to records on optimism over China trade relations and a fresh wave of merger and acquisition activity. The S&P 500 and Nasdaq climbed to all time highs after China said it will tighten intellectual property rules, a move aimed at boosting the chances of a trade deal between the two largest economies. The Stoxx Europe 600 Index advanced, with 19 industry sectors in the green. Equities climbed across Asia, led by those in Hong Kong, where local elections brought a landslide victory to pro-democracy candidates. The USD was mixed against most of its major peers and weakened versus the GBP. While doubts about the rally remain and haven investments such as bonds seem well supported, stocks globally are approaching a third month of gains. Currently, the TSX is up 0.44% while the DJIA is up 0.48%. EURCAD is up 0.27% trading between 1.4634 and 1.4664. GBPCAD is up 0.62% trading between 1.7069 and 1.7187. JPYCAD is down 0.21% trading between 0.01219 and 0.01223. Gold is down 0.28% trading between $1,454 and $1,462USD/oz while silver is down 0.14% trading between $16.85 and $16.99. Oil (WTI crude) is up 0.08% trading between $57.22 and $58.08.