Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver January 25, 2017


USDCAD spot rate: 1.3085 - 1.3090 (as at 7:58am PST)

Ranges:

Asia:

1.3120

to

1.3160

Europe:

1.3087

to

1.3160

North America:

1.3082

to

1.3133

Technical Support / Resistance:

S2

S1

R1

R2

1.2980

1.3028

1.3239

1.3300

Key Economic Data Releases:

- U.S. House price index: 0.5% (exp. 0.4% / prev. 0.3%)

Key Event Calendar:

Date

Canada

U.S.A.

Jan. 26

Jan. 27

Services PMI, new home sales

Durable goods, GDP, consumer sentiment

The Dow Jones Industrial Average climbed past 20,000 for the first time as stocks around the world extended a rally after corporate earnings reignited investors' optimism in economic growth. The stock surge comes as Trump moves to fulfill pro-growth campaign promises, including identifying possible infrastructure projects, approval of two oil pipelines and cajoling American car makers to build plants in the US. Corporate earnings added to the bullish sentiment, with Boeing Co. the latest company to post results that topped expectations. Today, Trump is expected to unveil plans for a border wall between the US and Mexico, as well as curbs on refugee programs. In the early days of administration, CEOs of major manufacturers are finding that the rule seems to be make a deal with the president, or else. Corporate concerns about the challenges of the UK leaving the EU have not been eased much by the strong performance of the economy since the results of the Brexit vote. It does not look like plain sailing for Prime Minister Theresa May either following yesterday's Supreme Court judgment, as lawmakers line-up to add amendments to what she had hoped would be a short bill in parliament. Currently, the TSX is up 0.37% and the DOW is up 0.68%. EURCAD is down 0.30% trading between 1.4057 and 1.4128. GBPCAD is up 0.16% trading between 1.6424 and 1.6545. JPYCAD is down 0.15% trading between 0.01152 and 0.01157. Gold is down 0.88% trading between $1,193 and $1,209USD/oz., silver is down 1.18% trading between $16.78 and $17.11USD/oz., while oil is up 0.61% trading between $52.59 and $53.28.

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