VBCE Daily Foreign Exchange Update for Thursday, Jan. 30, 2020
USDCAD spot rate: 1.3215 - 1.3220 (as at 7:18am PST)
Ranges: | Asia: | 1.3197 | to | 1.3206 |
Europe: | 1.3204 | To | 1.3224 | |
North America: | 1.3208 | to | 1.3225 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3080 | 1.3137 | 1.3228 | 1.3270 |
Key Economic Data Releases:
- U.S. GDP Q4 1.5% (1.8% exp.) 1.7% previous
- U.S. initial jobless claims 216k (215k exp.) 223k previous
Event Calendar:
Date | Canada | U.S.A. |
Jan. 31 | GDP (Nov) |
Coronavirus concerns are still at the fore of all market watchers as its spread is roiling markets and upending all other economic news. A cruise ship owned by Carnival Corp. was blocked from leaving an Italian port with some 7,000 people on board, after a passenger came down with symptoms that raised concerns about a possible case of coronavirus. FEAR continues to grip the markets.
Currently, the TSX is down 0.19% and the DJIA is down 0.21%. EURCAD is up 0.31% trading between 1.4530 and 1.4581. GBPCAD is up 0.72% trading between 1.7152 and 1.7324. JPYCAD is up 0.46% trading between 0.01209 and 0.01215. Gold is up 0.32% trading between $1,572 and $1,583USD/oz. Silver is up 1.23% trading between $17.56 and $17.92. Oil (WTI crude) is down 1.37% trading between $51.98 and $53.17.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group