Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver February 16, 2017

VBCE Daily Foreign Exchange Update for Wednesday, Feb. 15, 2017

USDCAD spot rate: 1.3055 - 1.3060 (as at 8:15am PST)

Ranges:

Asia:

1.3036

to

1.3081

Europe:

1.3009

to

1.3058

North America:

1.30033

to

1.3061

Technical Support / Resistance:

S2

S1

R1

R2

1.2975

1.3000

1.3080

1.3120

Key Economic Data Releases:

- U.S. initial jobless claims 239k ( 245K exp.) 234k previous

- US Housing Starts 1.246M (1.222M exp.) 1.226M previous

- US Building Permits 1.285M ( 1.230M exp.) 1.228M previous

Key Event Calendar:

Date

Canada

U.S.A.

Feb. 16

Feb. 17

Foreign security purchases

Building permits, housing starts

World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpings of fiscal stimulus. MSCI's All Country World index, which spans 46 countries, notched the milestone as Wall Street hit its latest record and Asia and Europe consolidated the roughly 10 per cent gains both have made since mid-December. There were surges in exports from Indonesia and Taiwan, falls in unemployment in Europe from Sweden to the Netherlands while stronger U.S. retail sales and inflation data on Wednesday came as Donald Trump again promised mass tax cuts. Currently, the TSX is up 0.04% and the DOW is up 0.01%. EURCAD is up 0.48% trading between 1.3845 and 1.3926. GBPCAD is up 0.50% trading between 1.6273 and 1.6340. JPYCAD is up 0.25% trading between 0.01144 and 0.01151. Gold is up 0.52% trading between $1,232 and $1,240USD/oz., silver is up 0.75% trading between $17.94 and $18.12USD/oz., while oil is up 0.20% trading between $52.97 and $53.56.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

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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.