Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 11, 2018

USDCAD spot rate: 1.3040- 1.3045 (as at 7:1 8am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. initial jobless claims 214k (206k exp.) 207k previous

- U.S. CPI 0.1% (0.2%) 0.2%

Event Calendar:

U.S. stocks looked to end the longest losing streak of Donald Trump's presidency as technology shares rebounded from the worst rout in seven years. The dollar fell and Treasuries rose. The S&P 500 remained near the lowest since July, while the Nasdaq 100 Index rallied after a rout of more than 4 percent. Major benchmarks swung as much as 70 basis points in early trading that saw volumes surge to 63 percent above the 30-day average. Retailers and software companies paced gains, while utilities slumped. Delta Air Lines led industrial shares higher after reporting profits. The Cboe Volatility Index fell from the highest level since April. Currently, the TSX is down 0.89% while the DJIA is up 0.27%. EURCAD is up 0.14% trading between 1.5036 and 1.5118. GBPCAD is down 0.04% trading between 1.7193 and 1.7285. JPYCAD is down 0.22% trading between 0.01159 and 0.01165. Gold is up 0.95% trading between $1,191 and $1,210USD/oz., silver is up 0.90% trading between $14.26 and $14.52USD/oz., while oil is down 1.36% trading between $71.63 and $72.69.

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