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

USDCAD spot rate: 1.3180 - 1.3185 (as at 7:18am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Industrial Production 0.6% (0.6% exp.) -0.5% previous

- Canadian Mfg. shipments 1.4% (0.5% exp.) -1.1% previous

Event Calendar:

U.S. technology shares fell as disappointing subscriber growth from Netflix threw a wet blanket over the rest of the FAANG stocks. The dollar strengthened as Federal Reserve Chairman Jerome Powell made the case for further tightening before a U.S. Senate panel. The Nasdaq 100 slumped for a second day, as Netflix helped to drag down Facebook, Apple, Amazon and Google parent Alphabet. Results from Goldman Sachs narrowly beat investor expectations, while trading revenue disappointed. On the Stoxx Europe 600 Index, gains in mining and chemicals shares were outweighed by declines in telecommunications and household goods. Currently, the TSX is down 0.25% while the DJIA is down 0.12%. EURCAD is unchanged trading between 1.5360 and 1.5420. GBPCAD is down 0.15% trading between 1.7296 and 1.7420 . JPYCAD is up 0.34% trading between 0.01167 and 0.01169 . Gold is down 0.40% trading between $1,231 and $1,245USD/oz., silver is down 0.97% trading between $15.54 and $15.86USD/oz., while oil is down 0.95% trading between $67.25 and $68.36.

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