Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 27, 2020


USDCAD spot rate: 1.3180 - 1.3185 (as at 8:10am PST)

Ranges:

Asia:

1.3148

to

1.3182

Europe:

1.3170

To

1.3193

North America:

1.3179

to

1.3200

Technical Support / Resistance:

S2

S1

R1

R2

1.3080

1.3138

1.3210

1.3270

Key Economic Data Releases:

- U.S. new home sales: 0.694M (exp 0.73M / prev 0.697M)

Event Calendar:

Date

Canada

U.S.A.

Jan. 28

Jan. 29

Jan. 30

Jan. 31

GDP (Nov)

Durable goods orders

Fed interest rate decision

GDP Q4, GDP price index

Stocks slumped and bonds rallied as intensifying concern over the impact of the deadly coronavirus rattled markets around the world. The S&P 500 Index slid the most in almost four months, with tech and energy companies leading losses. The Philadelphia Semiconductor Index tumbled about 3%. China-exposed U.S. names Wynn Resorts Ltd. and Nvidia Corp. plunged at least 4% and airlines sank. European shares fell as much as 2.4%. Chinese markets are said to resume trading after the Lunar New Year holiday on Feb. 3, but assets that track the country's largest stocks took a nosedive. The iShares MSCI China ETF and Invesco China Technology ETF dropped at least 4%. China-based Alibaba Group Holding Ltd. and Yum China Holding Inc. also slumped. The offshore yuan slid toward the lowest this year. The flight to safety, which comes ahead of this week's Federal Reserve meeting, saw volumes in Treasury futures jump to double their regular levels in Asia. The yield on 10-year U.S. bonds dropped to the lowest since October. Similar-maturity German securities extended their advance to the longest in almost six months. The Swiss franc, the Japanese yen and gold paced gains in haven assets. Oil slipped to a more than three-month low. Currently, the TSX is down 0.83% and the DJIA is down 1.55%. EURCAD is up 0.19% trading between 1.4493 and 1.4552. GBPCAD is up 0.09% trading between 1.7165 and 1.7273. JPYCAD is up 0.60% trading between 0.01205 and 0.01211. Gold is up 0.80% trading between $1,575 and $1,588USD/oz. Silver is up 0.73% trading between $18.14 and $18.35. Oil (WTI crude) is down 2.40% trading between $52.15 and $53.99.

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