Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 29, 2017

USDCAD spot rate: 1.3374 - 1.3379 (as at 8:17am PST)

Ranges:

Asia:

1.3355

to

1.3401

Europe:

1.3355

to

1.3389

North America:

1.3364

to

1.3388

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3344

1.3414

1.3480

Key Economic Data Releases:

- U.S. pending home sales: 5.5% (exp 2.1% / prev -2.8%)

- U.S. crude oil inventories: 0.867M (exp 1.357M / prev 4.954M)

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 30

Mar. 31

GDP (Jan)

GDP Q4

Core PCE price index, personal income/spending

In a 6 page letter submitted this morning to EU President Donald Tusk, U.K. Prime Minister Theresa May formally triggered 2 years of likely contentious talk that will end with Britain breaking ties with its largest trading partner after 4 decades of membership. May struck a conciliatory tone toward the EU as she coupled her demand with a request for a sweeping free-trade deal encompassing financial services. May sought to smooth over tensions from the start by calling on both sides to negotiate constructively and respectively, saying that she wants the bloc to succeed and prosper. The charm offensive may be aimed at winning what she called a bold and ambitious free trade deal to cover crucial industries like banking and technology. Federal Reserve Vice Chairman Stanley Fischer said in an interview that 2 more rate hikes this year seems about right. Fed Chair Janet Yellen didn't mention monetary policy in her speech yesterday where she said that challenges remain in the U.S. labour market. Continuing the heavy week for Fed-speak, today we'll hear from Boston Fed President Eric Rosengren at 8:30 and San Francisco President John Williams at 10:15am. Currently, the TSX is down 0.05% and the DOW is down 0.21%. EURCAD is down 0.60% trading between 1.4365 and 1.4491. GBPCAD is down 0.39% trading between 1.6567 and 1.6674. JPYCAD is down 0.13% trading between 0.01202 and 0.01207. Gold is up 0.02% trading between $1,247 and $1,254USD/oz., silver is up 0.11% trading between $18.04 and $18.19USD/oz., while oil is up 1.38% trading between $48.41 and $49.16.

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.