Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 25, 2018


USDCAD spot rate: 1.3075 - 1.3080 (as at 7:12am PST)

Ranges:

Asia:

1.3019

to

1.3050

Europe:

1.3015

to

1.3049

North America:

1.3040

to

1.3078

Technical Support / Resistance:

S2

S1

R1

R2

1.2900

1.2950

1.3113

1.3185

Key Economic Data Releases:

- U.S. Initial jobless claims 215k (214k exp.) 210k previous

- U.S. Durable goods orders 0.8% (-0.9% exp.) 4.6% previous

Event Calendar:

Date

Canada

U.S.A.

Oct 26

Retail sales, CPI

GDPQ3, Core personal consumption expenditure

Stocks rallied at the opening of trading, led by gains in technology shares, in the wake of Wednesday's rout that wiped out this year's gains in benchmark indexes. Yields on Treasuries rose and the dollar strengthened. Strong earnings results from Twitter, Microsoft and Tesla helped push the S&P 500 Index into positive territory for the first time in seven days. Intel, Amazon and Alphabet all report after the close. Europe's single currency weakened to the lowest level of the day after ECB President Mario Draghi ended his press conference. The ECB seems to be holding off from taking a position on recent weaker economic developments until the new projections in December. The sentiment was darker in Asia, where shares fell for a third day, with Japan's Topix index falling to the lowest in more than a year. Oil advanced from a two-month low. Currently, the TSX is up 0.34% and the DOW is up 0.86%. EURCAD is up 0.26% trading between 1.4844 and 1.4943. GBPCAD is down 0.09% trading between 1.6773 and 1.6878. JPYCAD is down 0.29% trading between 0.01158 and 0.01165. Gold is down 0.33% trading between $1,229 and $1,239USD/oz., silver is down 0.25% trading between $14.61 and $14.78USD/oz., while oil is up 0.91% trading between $66.04 and $66.76.

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

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