Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 23, 2019


USDCAD spot rate: 1.3172 - 1.3177 (as at 8:30am PST)

Ranges:

Asia:

1.3145

to

1.3161

Europe:

1.3144

To

1.3172

North America:

1.3163

to

1.3177

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3121

1.3181

1.3240

Key Economic Data Releases:

- Canada GDP: -0.1% (exp 0.0% / prev 0.1%)

- U.S. durable goods orders: -2% (exp 1.5% / prev 0.2%)

- U.S. new homes sales: 0.719M (exp 0.734M / prev 0.71M)

Event Calendar:

Date

Canada

U.S.A.

Dec. 24

Dec. 25

Dec. 26

Dec. 27

Christmas Day

Boxing Day

Christmas Day

U.S. stocks edged toward fresh record highs in light trading as investors chased gains that have added more than $5 trillion to valuations this year. Treasuries advanced. The S&P 500 rose for the 8th time in 9 sessions on its way to another all-time closing high after China said it cut tariffs on a wide range of goods. The holiday week took a toll on the benchmark's volume, which was more than 20% below its 100-day average. The Dow Jones Industrial Average paced indexes and Ten-year Treasury yields fell to around 1.90% after durable goods orders unexpectedly dropped for the third time in the last 4 readings. The dollar was little changed, while the pound extended a decline after seeing its worst week in more than two years amid Brexit fears. Major asset classes are collectively on track for the best returns in a decade in 2019 after central banks around the world eased monetary policy. Trade tensions have also eased ahead of the year-end, calming investors' nerves. The signing of the first-phase of the U.S.-China trade deal is set for January. Meanwhile, Chinese shares dropped after a state-backed fund said it would pare its stakes in some tech companies. Currently, the TSX is up 0.07% and the DJIA is up 0.39%. EURCAD is up 0.28% trading between 1.4552 and 1.4609. GBPCAD is down 0.35% trading between 1.6981 and 1.7136. JPYCAD is up 0.21% trading between 0.01199 and 0.01204. Gold is up 0.33% trading between $1,477 and $1,485USD/oz while silver is up 1.35% trading between $17.18 and $17.42. Oil (WTI crude) is down 1.51% trading between $60.12 and $60.55.

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.