Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 28, 2020

USDCAD spot rate: 1.3765 - 1.3770 (as at 6:52am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. GDP -5.0% (-4.8% exp.) -4.8% previous

- U.S. Durable goods orders -17.2% (-19.0% exp.) -16.6% previous

- U.S. Initial Jobless Claims 2123k (2100k exp.) 2446k previous

Event Calendar:

Stock were mixed Thursday morning amid a deluge of new economic data, much of which was still consistent with a contraction but at least signaled some stabilization after an initial slump in activity.

A new report this morning showed new unemployment claims totaled a slightly greater than expected 2.123 million last week, though continuing claims for the prior week pulled back from a record high and fell for the first time during the pandemic. Meanwhile, first-quarter gross domestic product (GDP) was downwardly revised to show a 5.0% annualized decline, from the 4.8% previously reported.

Currently, the TSX is down 0.12% while the DJIA is up 0.16%. EURCAD is up 0.02% trading between 1.5133 and 1.5180. GBP is up 0.27% trading between 1.6846 and 1.6909. JPY is up 0.53% trading between 0.01273 and 0.01278. Gold is up 0.60% trading between $1,709 - $1,726USD/oz. Silver is up 1.23% trading between $17.17 - $17.49. Oil (WTI crude) is up 0.30% trading between $31.30 - $33.00.