Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 17, 2018

USDCAD spot rate: 1.2815 - 1.2820 (as at 7:10am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Philly Fed mfg 34.4 (21.0 exp.) 23.2 previous

- U.S. Initial jobless claims 222k (215k exp. ) 211k previous

Event Calendar:

U.S. stocks fell amid disappointing earnings and the 10-year Treasury yield held near 3.1 percent as global markets continue to grapple with the outlook for the world's largest economy. Brent crude punched through $80 a barrel. The S&P 500 Index retreated as results from Cisco Systems Inc. weighed on technology shares and Walmart Inc. dragged on consumer stocks. The dollar added to its highest levels of the year after data on manufacturing and employment showed economic strength. West Texas oil climbed above $72 a barrel and Brent hit its highest in four years. Currently, the TSX is up .23% and the DOW is down 0.25%. EURCAD is up 0.09% trading between 1.5050 and 1.5119. GBPCAD is down 0.19% trading between 1.7216 and 1.7324. JPYCAD is down 0.56% trading between 0.01152 and 0.01158. Gold is down 0.35% trading between $1,287 and $1,294USD/oz., silver is down 0.42% trading between $16.33 and $16.48USD/oz., while oil is up 0.71% trading between $71.50 and $72.30.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group