Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 3, 2018
USDCAD spot rate: 1.2824 - 1.2829 (as at 9:00am PST)
| Ranges: | Asia: | 1.2807 | to | 1.2836 |
| Europe: | 1.2818 | to | 1.2845 | |
| North America: | 1.2812 | to | 1.2841 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2750 | 1.2800 | 1.2851 | 1.2900 |
Key Economic Data Releases:
- U.S. ADP employment change: 230K (exp 185K / prev 163K)
- U.S. ISM non-mfg PMI: 61.6 (exp 58.0 / prev 58.5)
Event Calendar:
| Date | Canada | U.S.A. |
| Oct 4 Oct 5 | Ivey PMI Int'l merchandise trade, net employment change, unemployment rate | Non-farm payrolls, unemployment rate, average hourly earnings, trade balance |
The S&P 500 Index headed for a record close as data on private payrolls and American service industries underscored the economy's robustness at the same time Federal Reserve Chairman Jerome Powell signaled no rush to raise rates with inflation in check. The 30-year yield popped to the highest since 2014, while the two-year rate surged to a pre-crisis high. European assets firmed on news the Italian government may rein in spending. U.S. investors have so far looked past European politics and emerging-market strains, along with a close call between a U.S. and a Chinese warship in the disputed South China Sea that added to tensions to instead focus on strong economic data. Powell welcomed wage growth but expressed confidence that low unemployment won't spur a takeoff in prices that forces more aggressive tightening. Currently, the TSX is up 0.13% while the DOW is up 0.49%. EURCAD is down 0.21% trading between 1.4768 and 1.4860. GBPCAD is up 0.12% trading between 1.6633 and 1.6702. JPYCAD is down 0.51% trading between 0.01122 and 0.01129. Gold is down 0.53% trading between $1,198 and $1,208USD/oz., silver is down 0.40% trading between $14.65 and $14.82USD/oz., while oil is up 0.41% trading between $75.08 and $75.82.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
Follow us
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.
