Ranges: | Asia: | 1.2945 | to | 1.2985 |
Europe: | 1.2909 | to | 1.2952 | |
North America: | 1.2877 | to | 1.2944 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 | ||
1.2704 | 1.2764 | 1.2916 | 1.3082 | ||
Key Economic Data Releases: | |||||
- | Canadian Building Permits -1.9% (2.1% exp.) | / 0.1% prev | |||
- | Canadian Ivey PMI 51.7 (50.2 exp.) | / 49.4 prev | |||
- | US ADP Employment Change 172k (159k exp.) / 168 prev | ||||
- | US Initial jobless claims 254k (270 exp.) | / 270k prev |
Key Event Calendar:
Date | Canada | U.S.A. |
July 8 | Employment change, participation | Unemployment rate, Nonfarm payrolls |
rate, unemployment rate |
Global stocks rebounded from the lowest levels in a week, crude climbed toward $48 a barrel and Treasuries fell with gold as investors shifted back toward risk assets before tomorrow's crucial U.S. payrolls report. The S&P 500 Index edged toward its highest level since Britain's vote to secede from the European Union, reducing its post-Brexit slide to less than 0.5 percent. The Stoxx Europe 600 Index gained for the first time this week. Emerging markets rose and the dollar fell amid a subdued outlook for higher U.S. rates. Treasuries retreated, while gold halted a rally. Currently, the TSX is down 0.29% while the Dow is down 0.08%. EURCAD is down 0.39% trading between 1.4288 and 1.4389. GBPCAD is down 0.09% trading between 1.6697 and 1.879. JPYCAD is up 0.47% trading between 0.01276 and 0.01288. Gold is down 0.66% trading between $1,351 and $1,371USD/oz., silver is down 2.30% trading between $19.47 and $20.27 USD/oz., while oil is down 2.1% trading between $46.82 and $48.23USD/barrel
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive