USDCAD spot rate: 1.2750 - 1.2755 (as at 7:11am PST)
Ranges: | Asia: | 1.2730 | to | 1.2749 |
Europe: | 1.2692 | to | 1.2757 | |
North America: | 1.2720 | to | 1.2750 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.26 | 1.2680 | 1.2760 | 1.2800 |
Key Economic Data Releases:
- U.S. P.P.I. 2.8% (2.4% exp.) 2.6% previous
Key Event Calendar:
Date | Canada | U.S.A. |
Nov. 15 Nov. 16 Nov. 17 | Foreign/Canadian portfolio investment securities Retails sales, consumer price index | Retail sales, consumer price index Initial jobless claims, export/import price index Building permits, housing starts, |
Strong German economic growth data drove the euro to a three-week high on Tuesday and gave European stocks a lift after five days of falls put them at a two-month low. The uplift to sentiment came after disappointing Chinese industrial and retail figures had subdued Asia, with investors also pondering whether a marked flattening in the U.S. yield curve might be a harbinger of a global slowdown. Currently, the TSX is down 0.46% and the DOW is down 0.52%. EURCAD is up 0.95% trading between 1.4851 and 1.4991. GBPCAD is up 0.14% trading between 1.6639 and 1.6736. JPYCAD is up 0.57% trading between 0.01119 and 0.01125 Gold is up 0.50% trading between $1,269 and $1,282USD/oz., silver is up 0.25% trading between $16.87 and $17.09USD/oz., while oil is down 0.98% trading between $56.13 and $56.72.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group