Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 26, 2017

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

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial Jobless Claims 259k (247k exp.) 234k previous

- U.S. Services PMI 55.1 (54.4 exp.) 53.9 previous

- U.S. New Home Sales .536M (.588M exp.) .598 previous

Key Event Calendar:

U.S.A. - Jan. 27 Durable goods, GDP, consumer sentiment

World stock markets climbed strongly on Thursday, with investors basking in the afterglow of a break past 20,000 points for Wall Street's record high Dow Jones index. MSCI's 46-country All World index was within touching distance of its lifetime high as European stocks rose 0.5 per cent to their highest since Dec. 2015, completing a global loop after Asia's main bourses also saw a bumper session. The 'Trump trade', based on hopes of U.S. stimulus reflating growth, would appear to be back on – egged on by some impressive corporate earnings, higher commodity prices and signals that global growth is finally finding some traction. A curious outlier was the dollar which was wallowing near a seven-week low after losing its momentum this year and taking a dislike to Trump's more controversial plans such as building a wall on the border with Mexico. Currently, the TSX is down 0.18% and the DOW is up 0.19%. EURCAD is down 0.30% trading between 1.3966 and 1.4076. GBPCAD is down 0.21% trading between 1.6450 and 1.6584. JPYCAD is down 0.71% trading between 0.01145 and 0.01154. Gold is down 1.05% trading between $1,185 and $1,202USD/oz., silver is down 0.85% trading between $16.69 and $17.04USD/oz., while oil is up 1.65% trading between $52.82 and $53.88.


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