Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 29, 2018

USDCAD spot rate: 1.3120 - 1.3125 (as at 8:03am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. personal income: 0.2% (exp 0.3% / prev 0.4%)

- U.S. personal spending: 0.4% (exp 0.4% / prev 0.5%)

- U.S. core PCE price index: 2% (exp 2% / prev 2%)

Event Calendar:

Financial markets started the week on an optimistic note, with investors pouring into U.S. stocks on speculation the monthlong rout has been overdone. The dollar advanced versus the euro as political uncertainty hit Germany, while Treasuries edged lower. The S&P 500 jumped more than 1.5%, with banks and tech shares leading the way. The measure looked for just its sixth advance in October and remains on track for its worst month since 2010. The Stoxx Europe 600 Index rallied after HSBC Holdings Plc earnings beat expectations, and extended gains as automakers surged on news China may cut taxes on car purchases by half. Earlier in Asia the mood had been more cautious, with shares falling in Tokyo, China and South Korea. Global equities have lost almost $8 trillion of value this month, set for the biggest wipeout since the height of the financial crisis a decade ago on concerns ranging from peak earnings growth and the U.S.-China trade war to the end of easy money and rising rates. But stocks are arguably starting to look cheap, while traders are paring wagers for Federal Reserve hikes in 2019. Currently, the TSX is up 0.83% while the DOW is up 0.91%. EURCAD is up 0.02% trading between 1.4886 and 1.4956. GBPCAD is up 0.08% trading between 1.6772 and 1.6835. JPYCAD is down 0.39% trading between 0.01164 and 0.01171. Gold is down 0.21% trading between $1,227 and $1,235USD/oz., silver is down 0.06% trading between $14.56 and $14.75USD/oz., while oil is down 1.07% trading between $66.69 and $67.92.

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