Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 14, 2018

USDCAD spot rate: 1.3000 - 1.3005 (as at 7:22am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Retail Sales 0.9% (0.5% exp.) 0.4% previous

- U.S. Initial Jobless claims 218k ( 224k exp.) 222k previous

Event Calendar:

U.S. equities opened higher, following European stocks, after the ECB delivered a somewhat dovish message to investors who had been reeling from disappointing China data and the Fed's hawkish shift. The S&P 500 Index rose Thursday morning, led by consumer and technology shares. The dollar hit a seven-month high and 10-year Treasury yields tightened. The Stoxx Europe 600 Index climbed after the region's central bank held interest rates and signaled in a statement stimulus may last until the end of the year and rates will remain steady until at least the summer of 2019. The euro slumped and government bonds rallied.

Currently, the TSX is up 0.18% and the DOW is up 0.41%. EURCAD is down 1.06% trading between 1.5119 and 1.5397. GBPCAD is down 0.48% trading between 1.7281 and 1.7468. JPYCAD is up 0.25% trading between 0.01176 and 0.01182. Gold is up 0.30% trading between $1,295 and $1,310USD/oz., silver is up 0.93% trading between $16.88 and $17.18USD/oz., while oil is up 0.48% trading between $65.74 and $66.98.

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