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)

Ranges:

Asia:

1.2978

to

1.2999

Europe:

1.2950

to

1.2985

North America:

1.2936

to

1.2955

Technical Support / Resistance:

S2

S1

R1

R2

1.2850

1.2900

1.3000

1.3110

Key Economic Data Releases:

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

Event Calendar:

Date

Canada

U.S.A.

Oct 17

Oct 18

Oct 19

Manufacturing shipments

Retail sales, CPI

Housing starts, building permits, FOMC min.

Philadelphia Fed manufacturing survey

Existing home sales

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

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