Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 16, 2020


USDCAD spot rate: 1.3045 - 1.3050 (as at 7:29am PST)

Ranges:

Asia:

1.3050

to

1.3064

Europe:

1.3052

To

1.3079

North America:

1.3062

to

1.3080

Technical Support / Resistance:

S2

S1

R1

R2

1.2950

1.3030

1.3080

1.3100

Key Economic Data Releases:

- U.S. Initial jobless claims 204k (216k exp.) 214k previous

- U.S. Retail sales 0.3% (0.3% exp.) 0.3% previous

Event Calendar:

Date

Canada

U.S.A.

Jan. 17

Housing starts, building permits, industrial production

The record -setting rally in U.S. equities accelerated in the wake of Wednesday's China trade deal and signs consumer demand remains strong. Treasuries dropped, while the currency markets remain "Dead as doornails", with little movement again. Currently, the TSX and DJIA are both up 0.33% and 0.63% respectively. EURCAD is down 0.05% trading between 1.4521 and 1.4565. GBPCAD is up 0.19% trading between 1.6990 and 1.7045. JPYCAD is up 0.25% trading between 0.01183 and 0.01186. Gold is down 0.54% trading between $1,548 and $1,558USD/oz while silver is down 0.54% trading between $17.87 and $18.04. Oil (WTI crude) is up 1.15% trading between $57.61 and $58.53.

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