Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 26, 2020


USDCAD spot rate: 1.3150 - 1.3155 (as at 8:21am PST)

Ranges:

Asia:

1.3161

to

1.3195

Europe:

1.3161

To

1.3205

North America:

1.3136

to

1.3156

Technical Support / Resistance:

S2

S1

R1

R2

1.3075

1.3130

1.3234

1.3290

Key Economic Data Releases:

- U.S. durable goods orders:11.2% (exp 4.3% / prev 7.7%)

- U.S. crude oil stocks change: -4.689M (exp -3.694M / prev -1.632M)

Event Calendar:

Date

Canada

U.S.A.

Aug 27

Aug 28

GDP (June), GDP Q2

GDP (Q2), jobless claims, pending home sales

Personal income / spending

.

Stocks extended a streak of record gains as investors reviews expectation for loose monetary policy and mulled the pace of the rally. Treasuries and European government bonds declined. The S&P 500 and Nasdaq indexes hit fresh highs for a fourth straight trading session, while the MSCI All-Country World Index climbed to a record. U.S. orders for durable goods rose in July by more than double estimates, indicating factories will help support the economic rebound in coming months. The Dollar weakened while crude traded near its most costly in five months as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast. Currently, the TSX is up 0.41% while the DJIA is down 0.15%s. EURCAD is down 0.33% trading between 1.5522 and 1.5592. GBPCAD is up 0.11% trading between 1.7299 and 1.7377. JPYCAD is up 0.32% trading between 0.01234 and 0.01240. Gold is up 0.47% trading between $1,902 - $1,943USD/oz. Silver is up 1.30% trading between $26.09 - $27.02. Oil (WTI crude) is up 0.45% trading between $43.02 - $43.78.

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