USDCAD spot rate: 1.2890 - 1.2895 (as at 8:45am PST)
Ranges: | Asia: | 1.2850 | to | 1.2880 |
Europe: | 1.2849 | to | 1.2881 | |
North America: | 1.2855 | to | 1.2905 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2750 | 1.2840 | 1.2915 | 1.2955 |
Key Economic Data Releases:
- US Housing starts 1.297M (1.250M exp.) 1.256M previous
- US Building permits 1.298M (1.273Mexp.) 1.316M previous
Event Calendar:
Date | Canada | U.S.A. |
Dec. 20 Dec. 21 Dec. 22 | Wholesale sales CPI, retail sales, ADP employment GDP (Oct.) | Existing home sales GDP Q3, Philly Fed manufacturing Durable goods orders, new home sales |
U.S. stocks were set for a positive trading day on Tuesday, just a day after scoring records all around on rising expectations the highly anticipated tax bill will get its final signoff this week. There is word that the Senate could vote on the measures as early as tonight. Currently, the TSX and the DJIA are up 0.09% and 0.05% respectively. EURCAD is up 0.35% trading between 1.5148 and 1.5253. GBPCAD is up 0.05% trading between 1.7168 and 1.7236. JPYCAD is down 0.10% trading between 0.01140 and 0.01143. Gold is down 0.03% trading between $1,260 and $1,265USD/oz., silver is down 0.03% trading between $16.08 and $16.22USD/oz., while oil is up 0.35% trading between $57.23 and $57.61.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group