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

USDCAD spot rate: 1.3025 - 1.3030 (as at 8:04am PST)

Ranges:

Asia:

1.3026

to

1.3050

Europe:

1.3005

to

1.3036

North America:

1.3000

to

1.3021

Technical Support / Resistance:

S2

S1

R1

R2

1.2900

1.2989

1.3060

1.3110

Key Economic Data Releases:

- Canada foreign invest in Cdn securities: $12.65B (exp $4.35B/ prev $10.30B)

- U.S. NY empire state mfg index: 19.0 (exp 23.0 / prev 25.6)

Event Calendar:

Date

Canada

U.S.A.

Sept 18

Sept 19

Sept 20

Sept 21

Manufacturing shipments

Retail sales, CPI

Housing starts, building permits

Phil. Fed mfg. survey, existing home sales

Markit manufacturing / services PMI

U.S. stocks started the week lower, while Asian equities slumped and European shares gained, as investors grappled with the latest American threats to expand tariffs on Chinese goods. The S&P 500 Index fell Monday morning, as did the Nasdaq 100, pulled down by declines in Amazon.com Inc. and JD.com Inc. Semiconductor stocks also weighed on indexes. The Dow Jones Industrial Average pulled out of an early-session swoon, boosted by energy firms and Caterpillar Inc. The outlook for global trade turned sour over the weekend. Shares in Hong Kong and China led declines in Asia on news that President Donald Trump instructed aides to proceed with tariffs on Chinese products. The U.S. will announce as early as Monday that it's imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against, according to three people familiar with the decision. Elsewhere, oil climbed, with investors eyeing the loss of supply from key OPEC members even as demand in emerging markets came under threat. Currently, the TSX is up 0.54% and the DOW is up 0.01%. EURCAD is up 0.44% trading between 1.5147 and 1.5223. GBPCAD is up 0.47% trading between 1.7041 and 1.7125. JPYCAD is unchanged trading between 0.01160 and 0.01164. Gold is up 0.86% trading between $1,192 and $1,204USD/oz., silver is up 1.33% trading between $14.02 and $14.24USD/oz., while oil is up 1.05% trading between $68.76 and $69.71.

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

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


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.