USDCAD spot rate: 1.2980 - 1.2985 (as at 8:20am PST)
Ranges: | Asia: | 1.3016 | to | 1.3043 |
Europe: | 1.2986 | to | 1.3025 | |
North America: | 1.2990 | to | 1.3003 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2896 | 1.2941 | 1.3082 | 1.3178 |
Key Economic Data Releases:
-US PCE price index (MoM May) 0.2% (0.2% exp.) 0.2% prev
-US pending home sales (MoM May) -3.7% (-1.1%) 3.9% prev
-Crude oil Inventories -4.053M (-2.36M) -0.917M prev
Key Event Calendar:
Date | Canada | U.S.A. |
June 30 July 1 | GDP (April) Canada Day | Chicago PMI |
Relatively quiet NA session so far today, with the CAD up slightly against the USD. Crude oil and most metals have all showed gains. The post BREXIT issue doesn't appear to be over as a major market driver. Fed Governor Powell commented that "global risks had shifted further to the downside after the vote and there are liable to be additional, severe consequences for UK and European growth as a result of the decision". BOE Governor Carney is set to deliver a speech tomorrow at 4pm in London, presumably about the BREXIT vote. Currently, the TSX is up 1.22% while the Dow is up 0.94%. EURCAD is down 0.013% trading between 1.4368 and 1.4471. GBPCAD is up 0.9% trading between 1.7322 and 1.7594. JPYCAD is down 0.1% trading between 0.01264 and 0.01274. Gold is up 1.02% trading between $1,310 and $1,327USD/oz., silver is up 3.4% trading between $17.75 and $18.47 USD/oz., while oil is up 2.01% trading between $48.01 and $49.11USD/barrel
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive