​VBCE Daily Foreign Exchange Update for Thursday, Oct. 13, 2016

USDCAD spot rate: 1.3230 - 1.3235 (as at 8:36am PST)

Ranges:

Asia:

1.3261

to

1.3295

Europe:

1.3241

to

1.3307

North America:

1.3233

To

1.3263

Technical Support / Resistance:

S2

S1

R1

R2

1.3172

1.3235

1.3310

1.3357

Key Economic Data Releases:

- US Initial Jobless Claims 246k (254k exp.) 246k previous

Key Event Calendar:

Date

Canada

U.S.A.

Oct. 14

Retail sales, producer price index

World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world's second-biggest economy. Riskier assets have had a difficult few weeks, undermined by concerns about a potential rise in U.S. interest rates, the outcome of U.S. elections, Britain's departure from the EU and the health of German and Italian banks. The Canadian dollar is holding close to session highs before the release of Oil inventories. Currently, the TSX is up 0.11% and the Dow is down 0.04%. EURCAD is down 0.2% trading between 1.4571 and 1.4654. GBPCAD is up 0.9% trading between 1.6060 and 1.6284. JPYCAD is down 1.27% trading between 0.01273 and 0.01280. Gold is down 0.35% trading between $1,249 and $1,258USD/oz., silver is up 0.16% trading between $17.36 and $17.61USD/oz., while oil is down 1.49% trading between $49.92 and $51.14.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

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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.