Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver May 2, 2017

USDCAD spot rate: 1.3710 - 1.3715 (as at 8:06am PST)

Ranges:

Asia:

1.3651

to

1.3685

Europe:

1.3650

to

1.3685

North America:

1.3650

to

1.3713

Technical Support / Resistance:

S2

S1

R1

R2

1.3530

1.3622

1.3670

1.3700

Key Economic Data Releases:

- No economic release

Key Event Calendar:

Date

Canada

U.S.A.

May 3

May 4

May 5

Trade balance

Net employment change, unemployment rate, Ivey PMI

ADP employment, ISM non-mfg, crude oil inventories, Fed interest rate decision

Trade balance

Non-farm payrolls, unemployment rate, Avg. hourly earnings

Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting the bullish mood on Wall Street, where the closely watched "fear gauge" of implied equity market volatility closed at its lowest since before the global financial crisis. Forecast-beating earnings have helped push shares higher across the globe this year. The US dollar hit a one-month high against the safe-haven Japanese yen on some signs of easing tensions over North Korea and as U.S. bond yields rose after U.S. Treasury Secretary Steven Mnuchin said the government was looking into issuing ultra-long debt of maturities in excess of 30 years. Currently, the TSX is up .04% and the Dow is up .06%. EURCAD is up 0.25% trading between 1.4898 and 1.4963. GBPCAD is up 0.42% trading between 1.7577 and 1.7714. JPYCAD is unchanged trading between 0.01217 and 0.01223. Gold is down 0.15% trading between $1,252 and $1,258USD/oz., silver is up 0.25% trading between $16.84 and $16.99USD/oz., while oil is down 0.02% trading between $48.57 and $49.26.

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