Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver April 5, 2017


USDCAD spot rate: 1.3418 - 1.3423 (as of 8:10am PST)

Ranges:

Asia:

1.3383

to

1.3410

Europe:

1.3382

to

1.3410

North America:

1.3383

to

1.3423

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3355

1.3437

1.3480

Key Economic Data Releases:

- U.S. ADP employment change: 263k (exp 187k / prev 245k)
- U.S. ISM non-mfg index: 55.2 (exp 57.0 / prev 57.6)

Key Event Calendar:

Date

Canada

U.S.A.

Apr. 6

Apr. 7

Building permits

Net employment change, unemployment rate, Ivey PMI


Non-farm payrolls, unemployment rate, avg hourly earnings

U.S. stocks rose to a 2 week high after a private report showed the fastest pace of American hiring since 2014. Oil pared gains on government inventory data, while the dollar and Treasuries steadied before the latest Federal Reserve meeting minutes. The minutes will be parsed for clues on the path of monetary tightening, as well as how the central bank plans to unwind its $4.5 trillion balance sheet. Investors and markets are largely in a holding pattern, awaiting the next major catalyst to either end or extend the global rally that pushed stocked to a record last month. A series of major data releases this week -culminating in a payrolls report Friday forecast to show 175k jobs added by the U.S. employers in March – is offering clues to the strength of the world's biggest economy. Currently, the TSX is up 0.50% and the DOW is up 0.86%. EURCAD is unchanged trading between 1.4264 and 1.4315. GBPCAD is up 0.42% trading between 1.6649 and 1.6756. JPYCAD is down 0.29% trading between 0.01202 and 0.01211. Gold is down 0.61% trading between $1,243 and $1,257USD/oz., silver is down 0.18% trading between $18.14 and $18.31USD/oz., while oil is up 0.21% trading between $51.09 and $51.86.

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