Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 19, 2020


USDCAD spot rate: 1.3165 - 1.3170 (as at 8:21am PST)

Ranges:

Asia:

1.3146

to

1.3169

Europe:

1.3133

To

1.3158

North America:

1.3137

to

1.3175

Technical Support / Resistance:

S2

S1

R1

R2

1.3070

1.3115

1.3222

1.3300

Key Economic Data Releases:

- Canadian CPI: 0% (exp 0.4% / prev 0.8%)

- U.S. crude oil stocks change: -1.632M (exp -2.67M / prev -4.4512M)

- U.S. FOMC minutes: 11am

Event Calendar:

Date

Canada

U.S.A.

Aug 20

Aug 21

Retail sales, new housing price index

Jobless claims, Philly Fed mfg. survey

Markit mfg. PMI, existing home sales


Stocks extended gains after closing at a record for the first time since the pandemic started amid a rebound in giant technology companies. Treasuries advanced. The S&P 500 rose as investors assessed earnings from retailers and the latest on stimulus talks ahead of the Federal Reserve's meeting minutes. A buying stampede drove American stocks up more than 50% from this year's lows, with the S&P 500 completing its fastest-ever return to a record after a drop of at least 20%. High-frequency economic indicators and corporate earnings have improved, bolstering optimism on the recovery from a pandemic-induced recession amid ultra-easy monetary policy and massive stimulus. Democratic and Republican leaders are hinting that they are looking for a path toward reviving stalled negotiations on the next round of pandemic relief for the U.S. economy, even as both sides remain far from any deal. The Trump administration sees a possibility for both parties to agree on a smaller round of pandemic relief totaling $500 billion that would omit the biggest areas of disagreement. Boosted by the S&P 500's surge to a record on Tuesday, the market cap of global equities is at an all-time high of $89.7 trillion. Risk assets have rallied since March as unprecedented stimulus measures and gains in technology stocks have outweighed concerns about U.S.-China trade tensions and rising coronavirus cases. Currently, the TSX is down 0.03% and the DJIA is up 0.28%. EURCAD is down 0.30% trading between 1.5653 and 1.5725. GBPCAD is down 0.45% trading between 1.7345 and 1.7450. JPYCAD is down 0.36% trading between 0.01244 and 0.01251. Gold is down 1.96% trading between $1,980 - $2,005USD/oz. Silver is down 2.27% trading between $27.17 - $28.02. Oil (WTI crude) is down 0.84% trading between $42.37 - $42.79.

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