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

USDCAD spot rate: 1.3530 - 1.3535 (as at 6:40am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Retails sales 7.5% (5.0% exp.) 18.2% previous

- U.S. Initial jobless claims 1300k (1250k exp.) 1310k previous

Event Calendar:

Stocks opened lower on Thursday, as investors digested a deluge of earnings results and new economic data on the state of the consumer and labor market as the pandemic continues.

The ongoing economic impact of the coronavirus pandemic will be captured in two key reports Thursday morning. The Labor Department's weekly jobless claims revealed that another 1.3 million workers filed unemployment claims, slightly above consensus forecasts. However, retail sales skyrocketed by 7.5% last month — well above market expectations of 5% and on the heels of a record 17.7% seen in May.

The TSX is down 0.35% while the DJIA is down 0.57%. EURCAD is up 0.12% trading between 1.5389 and 1.5463. GBPCAD is down 0.02% trading between 1.6937 and 1.7023. JPYCAD is down 0.19% trading between 0.01261 and 0.01264. Gold is down 0.35% trading between $1,802 - $1,813USD/oz. Silver is down 1.06% trading between $19.15 - $19.45. Oil (WTI crude) is down 1.18% trading between $40.61 - $41.15.