Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 30,2020

VBCE Daily Foreign Exchange Update for Thursday, Jan. 30, 2020

USDCAD spot rate: 1.3215 - 1.3220 (as at 7:18am PST)

Technical Support / Resistance:

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:

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