USDCAD spot rate: 1.3990 - 1.3395 (as at 8:30am PST)
Ranges: | Asia: | 1.3404 | to | 1.3425 |
Europe: | 1.3358 | to | 1.3409 | |
North America: | 1.3354 | to | 1.3395 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3314 | 1.3350 | 1.3434 | 1.3500 |
Key Economic Data Releases:
- U.S. ISM Manufacturing PMI 51.9 (51.7 exp.) 51.5 previous
- CAD GDP .2% (.2% exp.) .5% previous
Key Event Calendar:
Date | Canada | U.S.A. |
Nov. 2 Nov. 3 Nov. 4 | Employment change, Ivey PMI unemployment rate, trade balance | ADP employment, oil inventories, Fed interest rate / FMOC statement ISM non-mfg PMI, factory orders Non-farm payrolls, unemployment rate, Avg hourly earnings, trade balance |
European shares were poised to fall for a seventh straight session while the dollar edged lower with investors largely holding back as the contentious U.S. presidential campaign entered its final week. Earlier in the day, stronger-than-expected manufacturing data from China underpinned gains in Asian stocks and further stoked inflation expectations that drove a selloff in bonds in recent weeks. Trading volumes were light across major exchanges. The dollar was slightly weaker against a basket of currencies with the dollar index down 0.2 per cent. In a busy week for central banks, the Bank of Japan and Reserve Bank of Australia held their policies steady as expected. Currently, the TSX is up 0.33% and the Dow is down 0.06%. EURCAD is up 0.29% trading between 1.4696 and 1.4771. GBPCAD is down 0.30% trading between 1.6326 and 1.6438. JPYCAD is down 0.19% trading between 0.01274 and 0.01282. Gold is up 0.80% trading between $1,275 and $1,289USD/oz., silver is up 0.40% trading between $17.85 and $18.39USD/oz., while oil is up .29% trading between $46.59 and $47.32.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group