Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 22, 2020


USDCAD spot rate: 1.3408 - 1.3413 (as at 8:31am PST)

Ranges:

Asia:

1.3437

to

1.3472

Europe:

1.3419

To

1.3483

North America:

1.3407

to

1.3445

Technical Support / Resistance:

S2

S1

R1

R2

1.3350

1.3400

1.3510

1.3575

Key Economic Data Releases:

- Canadian CPI: 0.8% (exp 0.4% / prev 0.3%)

- U.S. housing price index: -0.3% (exp 0.3% / prev 0.1%)

- U.S. existing home sales: 4.72M (exp 4.78M / prev 3.91M)

Event Calendar:

Date

Canada

U.S.A.

July 23

July 24

Jobless claims

Markit manufacturing, new home sales


U.S. stocks fluctuated as investors weighed the likelihood for a new spending bill, corporate earnings an escalation of tensions with China that could spill over into trade. The dollar weakened. The S&P 500 pared earlier gains, led by declines in the energy, commercial services and consumer discretionary sectors. Futures retreated overnight on news that the U.S. ordered China's Houston consulate to quickly close. Progress on combating the virus's impact also contributed to sentiment. The U.S. reported more than 1,000 deaths Tuesday. Pfizer Inc shares rallied after saying the government ordered up to 600 million doses of its vaccine candidate against Covid-19. Treasuries rose, while Silver continued its tear, climbing to the highest level in almost seven years. Fresh Sino-U.S. tension including new charges of Chinese hacking are adding to potential risks weighing on investors who recently drove global equities to a five-month high. After the success of a European rescue package this week, Senate Republicans and the Trump administration are struggling to reach consensus on another stimulus plan. The president warned the coronavirus crisis will probably worsen before improving. Elsewhere, oil in New York dropped from a four-month high on signs of a surprise gain in U.S. crude stockpiles. Currently, the TSX is up 0.18% and the DJIA up 0.30%. EURCAD is up 0.28% trading between 1.5493 and 1.5589. GBPCAD is down 0.21% trading between 1.7032 and 1.7131. JPYCAD is down 0.48% trading between 0.01252 and 0.01259. Gold is up 0.81% trading between $1,842 - $1,865USD/oz. Silver is down 0.57% trading between $21.36 - $23.03. Oil (WTI crude) is down 0.96% trading between $41.20 - $41.90.

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.