Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 26, 2018

USDCAD spot rate: 1.2965 - 1.2970 (as at 8:00am PST)

Ranges:

Asia:

1.2941

to

1.2965

Europe:

1.2943

to

1.2972

North America:

1.2957

to

1.2980

Technical Support / Resistance:

S2

S1

R1

R2

1.2850

1.2898

1.2981

1.3050

Key Economic Data Releases:

- U.S. new home sale: 0.629M (exp 0.630M / prev 0.608M)

- U.S. economic projections: 11am

- U.S. Fed interest rate decision: 11am

Event Calendar:

Date

Canada

U.S.A.

Sept 27

Sept 28

GDP (July)

GDP Q2, Durable goods orders, pending home sales

Core personal consumption exp. price index, personal income / spending, Chicago PMI, consumer sentiment

The Federal Open Market Committee is almost certain to raise rates by 25 basis points to a target range of 2% to 2.25% when it announces its decision today at 11am. At the same time, the committee will publish the quarterly update to the famous "dot plot" which is likely to bolster expectations for another move in December. Chair Jerome Powell holds a press conference at 11:30am to discuss the outlook, where he is likely to face questions about President Donald Trump's comments on monetary policy. Elsewhere, the GBP weakened as Theresa May doubled down on her Brexit stance, while European bonds climbed and Italian debt outperformed. The Stoxx Europe 600 Index drifted. Japan's Topix ended just below its highest point in almost 8 months, while stocks rallied in Hong Kong as traders returned from a holiday and Chinese shares rose after MSCI Inc said it's considering increasing the country's weight in its global indexes. Currently, the TSX is up 0.22% and the DOW is up 0.15%. EURCAD is unchanged trading between 1.5195 and 1.5252. GBPCAD is up 0.14% trading between 1.7008 and 1.7110. JPYCAD is up 0.07% trading between 0.01145 and 0.01148. Gold is down 0.57% trading between $1,193 and $1,202USD/oz., silver is down 0.47% trading between $14.67 and $14.51USD/oz., while oil is down 0.18% trading between $71.68 and $72.38.

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.