USDCAD spot rate: 1.2940 - 1.245 (as at 7:15am PST)
Ranges: | Asia: | 1.2945 | to | 1.2967 |
Europe: | 1.2958 | to | 1.2972 | |
North America: | 1.2938 | to | 1.2969 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2850 | 1.2898 | 1.2981 | 1.3050 |
Key Economic Data Releases:
- Rmd Fed mfg. index 29 (22exp.) 24 previous
Event Calendar:
Date | Canada | U.S.A. |
Sept 26 Sept 27 Sept 28 | GDP (July) | New home sales, Fed interest rate, economic projections, press conference GDP Q2, Durable goods orders, pending home sales Core personal consumption exp. price index, personal income / spending, Chicago PMI, consumer sentiment |
U.S. stocks struggled for direction after two days of declines, as surging oil prices lifted energy producers while chipmakers dragged tech shares lower. Treasuries fell as the Federal Reserve started its two-day policy meeting. The tech-heavy Nasdaq lagged behind other gauges as Facebook Inc. fell after Instagram's founders said they were leaving the company, while energy stocks helped lift broader gauges. Benchmark Treasury yields touched 3.1 percent, and oil traded at a four-year high. Core European bonds slipped with Treasuries, but Italian notes rallied as the country crept closer to a budget proposal. The dollar drifted lower. The Stoxx Europe 600 Index headed for its seventh gain in eight days, and Japanese equities rose to the highest since January. Some caution remained on display, with emerging markets underperforming.
Currently, the TSX is up 0.44% and the DOW is up 0.18%. EURCAD is up 0.36% trading between 1.5204 and 1.5285. GBPCAD is up 0.17% trading between 1.6962 and 1.7072. JPYCAD is down 0.23% trading between 0.01146 and 0.01149. Gold is up 0.39% trading between $1,197 and $1,203USD/oz., silver is up 1.33% trading between $14.22 and $14.49USD/oz., while oil is up 0.54% trading between $72.00 and $72.60.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group