Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 16, 2018

USDCAD spot rate: 1.2935 - 1.2940 (as at 7:17am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Industrial production 0.3% (0.3% exp.) 0.4% previous

Event Calendar:

U.S. stocks jumped as earnings from major banks and health-care firms bolstered confidence in the economy. The dollar fell as geopolitical tensions appeared to ease. The S&P 500 rallied after the index couldn't make a clean break of the key 200-day moving average on Monday. A rebounding tech sector led gains. Strong third-quarter results from Goldman Sachs Group Inc. and Morgan Stanley helped boost the benchmark, while Johnson & Johnson and UnitedHealth Group Inc. earnings bolstered the Dow Jones Industrial Average. European stocks rose the most in four months, led by shares in Italy after the government agreed on a budget. Currently, the TSX is up 0.26% while the DOW is up 0.93%. EURCAD is down 0.33% trading between 1.4992 and 1.5058. GBPCAD is up 0.11% trading between 1.7063 and 1.7157. JPYCAD is down 0.72% trading between 0.01152 and 0.01161. Gold is up 0.39% trading between $1,225 and $1,232USD/oz., silver is up 0.57% trading between $14.61 and $14.85USD/oz., while oil is down 0.12% trading between $71.04 and $72.03.

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