Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver February 3, 2017


USDCAD spot rate: 1.3000 - 1.3005 (as at 7:49am PST)

Ranges:

Asia:

1.3020

to

1.3041

Europe:

1.3020

to

1.3048

North America:

1.2994

to

1.3077

Technical Support / Resistance:

S2

S1

R1

R2

1.2970

1.3000

1.3100

1.3170

Key Economic Data Releases:

- U.S. Non-farm payrolls: 227,000 (exp 175,000 / prev 157,000)

- U.S. unemployment rate: 4.8% (exp 4.7% / prev 4.7%)

- U.S. participation rate: 62.9% (prev 62.7%)

- U.S. Avg hourly earnings: 0.1% (exp 0.3% / prev 0.2%) y/y: 2.5% (exp 2.8% / prev 2.8%)

- U.S. ISM non-manufacturing PMI: 56.5 (exp 57.0 / prev 56.6)

Key Event Calendar:

Date

Canada

U.S.A.

Feb. 6

Feb. 7

Feb. 8

Feb. 9

Feb. 10

Building permits, trade balance

Housing starts

Employment change, unemployment rate

Trade balance

Consumer sentiment index

Yesterday, USDCAD traded from 1.3052 down to 1.2983 (just shy of Tuesday's 3 month low of 1.2967) before climbing back towards 1.3030. Overnight and leading up to this morning's U.S. payroll report, the USD was the best performing currency taking USDCAD up to 1.3055. A better than expected headline (227k vs. 175k exp) sent USDCAD up to 1.3077 but the USD quickly reversed on the details within the report. The unemployment rate ticked higher while wage inflation pressures were benign. Within minutes, the USD went from session highs to session lows across the board. USDCAD continues to find support near the 1.30 level and is currently holding just shy of this week's lows of 1.2983 and 1.2967. Oil prices are back up near the $54 level after the U.S. announced sanctions on Iran after a missile test earlier this week. Currently, the TSX and the DJIA are up 0.60% and 0.80% respectively. EURCAD is unchanged trading between 1.3992 and 1.4035. GBPCAD is down 0.45% trading between 1.6222 and 1.6337. JPYCAD is up 0.15% trading between 0.01151 and 0.01157. Gold is up 0.25% trading between $1,212 and $1,222USD/oz., silver is up 0.47% trading between $17.28 and $17.54USD/oz., while oil is up 1% trading between $53.43 and $54.19.



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