Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 16, 2018

USDCAD spot rate: 1.3125 - 1.3130 (as at 8:00am PST)

Ranges:

Asia:

1.3137

to

1.3163

Europe:

1.3124

to

1.3160

North America:

1.3107

to

1.3133

Technical Support / Resistance:

S2

S1

R1

R2

1.3060

1.3116

1.3188

1.3270

Key Economic Data Releases:

- U.S. retail sales: 0.5% (exp 0.5% / prev 1.3%)

Event Calendar:

Date

Canada

U.S.A.

July 17

July 18

July 19

July 20

Manufacturing shipments

Retail sales, CPI

Industrial production, Fed Powel speech

Housing starts, building permits

Philly Fed manufacturing survey

U.S. equities drifted between gains and losses and European stocks were mixed as traders looked toward company results after lackluster economic data out of China spurred declines for many Asian shares. Earnings were better-than-expected from the likes of Bank of America Corp and BlackRock Inc while there was an upbeat early release from Deutsche Bank AG, but it did little to spur stocks. The S&P 500 traded on either side of the 2,800 level, and most industry groups fell on the Stoxx Europe 600 Index, overwhelming gains by builders and banks. Shares in Asia also declined earlier, amid thin volumes in most markets and with Japan shut for a holiday. That helped the yen steady after its biggest weekly slide in 10 months.

With no fresh signs of a trade war escalation and President Donald Trump at a summit with Vladimir Putin, investors will no doubt remain occupied by a slew of numbers coming over the next few days, including economic data -- such as Monday's mixed figures from China -- and company earnings. Later this week Federal Reserve Chairman Jerome Powell is expected to lay the groundwork for further tightening. Currently, the TSX is down 0.41% while the DOW is up 0.05%. EURCAD is up 0.06% trading between 1.5357 and 1.5414. GBPCAD is down 0.05% trading between 1.7392 and 1.7468. JPYCAD is down 0.85% trading between 0.01167 and 0.01170. Gold is down 0.06% trading between $1,240 and $1,245USD/oz., silver is up 0.03% trading between $15.75 and $15.87USD/oz., while oil is down 3.65% trading between $68.45 and $70.80.

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

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