Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver April 26, 2017


USDCAD spot rate: 1.3567 - 1.3572 (as at 8:11am PST)

Ranges:

Asia:

1.3555

to

1.3576

Europe:

1.3557

to

1.3605

North America:

1.3541

to

1.3605

Technical Support / Resistance:

S2

S1

R1

R2

1.3410

1.3461

1.3624

1.3670

Key Economic Data Releases:

- Canada retail sales: -0.6% (exp -0.1% / prev 2.3%)

- U.S. crude oil inventories: -3.641M (exp -1.661M / prev -1.034M)

Key Event Calendar:

Date

Canada

U.S.A.

Apr. 27

Apr. 28

GDP

Durable goods orders, pending homes sales

GDP, Chicago PMI, consumer sentiment index

President Donald Trump's tax plans include a proposal for a 1 time levy of 10% on more than $2.6 trillion in earnings U.S. companies hold offshore, according to a White House official familiar with the plan. The president's move to cut the corporate tax to 15% in the U.S. is being seen as an opening gambit in negotiations, rather than a red line, by economists as the drop in receipts would boost the deficit too much to be sustainable. Investors will scour the presentation for fresh details and await reaction from Congressional Republicans who'll be charged with enacting the changes. International banks are getting serious about moving to Frankfurt ahead of the U.K.'s exit from the European Union, according to property brokers in Germany's financial capital. Estimates on the number of financial jobs London will lose post-Brexit range from 4,000 to 232,000. European Commission President Jean-Claude Juncker and chief negotiator Michael Barnier will be in the British capital today for their first talks with PM Theresa May since she triggered the start of Brexit negotiations. Currently, the TSX is down 0.14% and the Dow is up 0.11%. EURCAD is down 0.51% trading between 1.4752 and 1.4856. GBPCAD is up 0.02% trading between 1.7381 and 1.7455. JPYCAD is down 0.5% trading between 0.01216 and 0.01222. Gold is down 0.02% trading between $1,261 and $1,266USD/oz., silver is down 0.48% trading between $17.46 and $17.64USD/oz., while oil is up 1.47% trading between $48.97 and $50.14.

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.