Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 22, 2018

USDCAD spot rate: 1.3095 - 1.3100 (as at 8:07am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada wholesale sales: -0.1% (exp 0.0% / prev 1.1%)

Event Calendar:

U.S. equities swung between gains and losses as investors downplayed an overnight rally in Asian equities ahead of a spate of earnings reports this week. The dollar rose to the highest level in two months, while the pound slumped. After initially opening higher, the S&P 500 and Dow Jones Industrial Average fell before pushing higher again, led by gains in tech companies. In China, the Shanghai Composite Index surged more than 4 percent, the biggest increase since March 2016, in the wake of verbal interventions from authorities at the end of last week and plans to cut personal income taxes. Chinese President Xi Jinping vowed "unwavering" support for the country's private sector. Risks still abound across global markets, from the continuing U.S.-China trade showdown and tension surrounding the killing of a Saudi journalist to Italian budget fears and President Donald Trump's unpredictable actions ahead of American midterm elections. Still, equities were attempting to bounce back after a miserable few weeks, and company results from the likes of Amazon, Alphabet, Microsoft and Intel as well as U.S. growth data may provide a welcome stimulus in the coming days. Currently, the TSX is down 0.61% and the DOW are down 0.02%. EURCAD is down 0.38% trading between 1.5012 and 1.5114. GBPCAD is down 0.73% trading between 1.6973 and 1.7134. JPYCAD is down 0.17% trading between 0.01158 and 0.01166. Gold is down 0.40% trading between $1,220 and $1,229USD/oz., silver is down 0.25% trading between $14.51 and $14.68USD/oz., while oil is down 0.52% trading between $68.47 and $69.83.

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