​VBCE Daily Foreign Exchange Update for Monday, July 25, 2016​

USDCAD spot rate: 1.3225 - 1.3230 (as at 7:26am PST)

Ranges:

Asia:

1.3124

to

1.3155

Europe:

1.3132

to

1.3181

North America:

1.3166

to

1.3224

Technical Support / Resistance:

S2

S1

R1

R2

1.3007

1.3093

1.3235

1.3305

Key Economic Data Releases: No Key Data Releases

Key Event Calendar:

Date

Canada

U.S.A.

July 26

July 27

July 28

July 29

GDP (May)

PMI, Consumer confidence, New home sales

Durable Goods, US Fed Interest rate decision

Goods trade balance

GDP,Chicago PMI, consumer sentiment

World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use "all policy tools" to lift global growth. The signals helped European stocks climb over 0.5 per cent as takeover activity also continued in the UK and talk of record profits at Ryanair helped dispel some of the recent gloom surrounding airlines. A major backsliding of oil prices held back commodity firms and some emerging markets (and the CAD dollar). MSCI's All World index failed to get over the peaks it scaled last week. Wall Street was expected to start the week lower, with last week's record highs for the S&P 500 and Dow Jones likely to keep traders, still in the thick of earnings season, cautious for the next couple of days.. The TSX is down 0.36% while the Dow is down 0.51%. EURCAD is up 0.96% trading between 1.4386 and 1.4526. GBPCAD is up 0.84% trading between 1.7226 and 1.7351. JPYCAD is up 1.05% trading between 0.01233 and 0.01248. Gold is down 0.55% trading between $1,312 and $1,324USD/oz., silver is down 0.13% trading between $19.35 and $19.40 USD/oz., while oil is down 2.3% trading between $43.24 and $44.34USD/barrel

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

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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.