Daily foreign exchange rates for our top 10 currencies #forex #Vancouver February 15, 2017

USDCAD spot rate: 1.3075 - 1.3080 (as at 8:15am PST)

Ranges:

Asia:

1.3064

to

1.3097

Europe:

1.3062

to

1.3115

North America:

1.3074

to

1.3097

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3033

1.3120

1.3170

Key Economic Data Releases:

- Canada Manufacturing sales: 2.3% (exp 0.2% / prev 2.3%)

- U.S. CPI: 0.6% (exp 0.3% / prev 0.3%)

- U.S. retail sales: 0.4% (exp 0.1% / 1.0%)

- U.S. industrial production: -0.3% (exp 0.1% / -0.6%)

Key Event Calendar:

Date

Canada

U.S.A.

Feb. 16

Feb. 17

Foreign security purchases

Building permits, housing starts

Federal Reserve Chair Janet Yellen sounds like she's on a mission to raise interest rates this year, no matter what President Donald Trump does on tax cuts and spending. In a clarifying point during Senate questioning on Tuesday, Yellen said the central bank doesn't need to wait for fiscal stimulus in order to hike rates. U.S. Treasuries sold off on her testimony, with the yield on the government 10 year note rising to 2.48% from 2.43% the previous day. Probabilities for a March rate hike jumped to 24%, but some are still worrying that the Fed will have to move faster than the market currently expects. Currently, the TSX is up 0.10% and the DOW is up 0.32%. EURCAD is up 0.10% trading between 1.3784 and 1.3844. GBPCAD is up 0.01% trading between 1.6224 and 1.6315. JPYCAD is down 0.20% trading between 0.01140 and 0.01144. Gold is down 0.22% trading between $1,216 and $1,230USD/oz., silver is down 0.07% trading between $17.76 and $17.96USD/oz., while oil is up 0.65% trading between $52.76 and $53.49.

083e3d7a6b

Follow us




Follow us on Twitter @vbcefx


Disclaimer


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.