Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 2, 2019


USDCAD spot rate: 1.2995 - 1.3000 (as at 7:19am PST)

Ranges:

Asia:

1.2969

to

1.2996

Europe:

1.2970

To

1.3008

North America:

1.2990

to

1.3006

Technical Support / Resistance:

S2

S1

R1

R2

1.3016

1.3050

1.3125

1.3160

Key Economic Data Releases:

- no key economic data

Event Calendar:

Date

Canada

U.S.A.

Jan. 3

BOC Wilkins speech

ISM manufacturing PMI

Stocks started the year on the front foot, building on strong gains for many asset classes in 2019 as investors cheered the latest policy move by China's central bank to support its economy. The dollar and Treasuries strengthened. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite indexes all climbed to record highs in the wake of one of the best years for American stocks in the past decade, and the Stoxx Europe 600 Index advanced for the first session in three as every sector traded in the green. Gauges in Hong Kong and Shanghai jumped more than 1% after the People's Bank of China said it will increase the supply of cheap funding to banks, in line with market expectations. The yuan showed little reaction. Currently, the TSX and the DJIA are up 0.46% and 0.61% respectively . EURCAD is down 0.40% trading between 1.4512 and 1.4568. GBPCAD is down 0.50% trading between 1.7071 and 1.7209 . JPYCAD is up 0.15% trading between 0.01191 and 0.01196. Gold is up 0.70% trading between $1,517 and $1,530USD/oz while silver is trading between $17.78 and $18.09 . (WTI crude) is up 0.20% trading between $60.92 and $61.45 .

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