USDCAD spot rate: 1.3105 - 1.3110 (as at 6:05am PST)
Ranges: | Asia: | 1.3047 | to | 1.3070 |
Europe: | 1.3070 | To | 1.3100 | |
North America: | 1.3090 | to | 1.3119 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2970 | 1.3005 | 1.3124 | 1.3170 |
Key Economic Data Releases:
- U.S. Trade Balance -63.6B (-58.0B exp.) -53.5B previous
- U.S. Initial jobless claims 881k (950k exp.) 1011k previous
- Canadian International Trade -2.45B (-2.5B exp.) -1.59B previous
Event Calendar:
Date | Canada | U.S.A. |
Sept 4 | Net employment, unemployment rate, Ivey purchasing manager index | Non-farm payrolls, unemployment rate, Average hourly earnings |
U.S. equities fell as the rotation away from high-flying tech stocks looked set to continue. European shares jumped after France introduced new stimulus measures to drive the economy and spur job creation.
The S&P 500 Index maintained their decline after U.S. initial jobless claims came in slightly better than forecast. Nvidia Corp. and Zoom Video fell in the premarket while JPMorgan Chase & Co. and Bank of America Corp. rose. The euro dipped for a third day on signals the European Central Bank is concerned about the currency's strength. The dollar gained while gold slipped. Treasuries were steady.
Currently, the TSX is down 0.30% and the DJIA is down 0.35%. EURCAD is up 0.32% trading between 1.5427 and 1.5512. GBPCAD is down 0.17% trading between 1.7351 and 1.7420. JPYCAD is up 0.33% trading between 0.01227 and 0.01232. Gold is down 0.56% trading between $1,926 - $1,951USD/oz. Silver is down 1.67% trading between $26.74 - $27.71. Oil (WTI crude) is down 2.29% trading between $40.23 - $41.80.