Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 29, 2017

VBCE Daily Foreign Exchange Update for Wednesday, Nov. 29, 2017

USDCAD spot rate: 1.2845 - 1.2850 (as at 8:13am PST)

Ranges:

Asia:

1.2805

to

1.2825

Europe:

1.2802

to

1.2861

North America:

1.2838

to

1.2876

Technical Support / Resistance:

S2

S1

R1

R2

1.2700

1.2760

1.2890

1.2940

Key Economic Data Releases:

- U.S. GDP Q3: 2.1% (exp 2.2% / prev 2.1%)

- U.S. pending home sales: 3.5% (exp 1.0% / prev -0.4%)

Key Event Calendar:

Date

Canada

U.S.A.

Nov. 30

Dec. 1

Current account

Net employment change, unemployment rate, GDP (Sept), GDP Q3 annualized, RBC mfg. PMI

PCE price index, personal income / spending

ISM manufacturing PMI

U.S. stocks erased gains as a selloff in technology shares from Apple Inc to Amazon.com Inc dragged down major indexes. The USD was little changes, while Treasuries fell after Federal Reserve Chair Janet Yellen called economic growth increasingly broad based. In a testimony prepared for her appearance this morning before the congressional Joint Economic Committee, Yellen repeated that she anticipates the Fed will continue gradually raising interest rates and trimming its balance sheet. There was progress in Brexit negotiations after an outline deal was reached on the divorce bill the U.K. would pay when it leaves the European Union. The GBP rallied to the highest level in 2 months and gilts fell as investors brought forward their timetable for their next Bank of England rate hike as prospects of a hard Brexit are seemingly undercut by the agreement. The thorny issue of the Irish border, however, remains a key obstacle to a successful outcome at next month's summit. Currently, the TSX is down 0.17% and the DOW is up 0.38%. EURCAD is up 0.38% trading between 1.5150 and 1.5251. GBPCAD is up 0.66% trading between 1.7115 and 1.7265. JPYCAD is up 0.14% trading between 0.01146 and 0.01151. Gold is down 0.61% trading between $1,283 and $1,296USD/oz., silver is down 1.19% trading between $16.62 and $16.91USD/oz., while oil down 0.46% trading between $57.46 and $57.94.

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.