Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 31, 2018

USDCAD spot rate: 1.3130 – 1.3135 (as at 7:56am PST)

Ranges:

Asia:

1.3107

to

1.3135

Europe:

1.3108

to

1.3140

North America:

1.3123

to

1.3137

Technical Support / Resistance:

S2

S1

R1

R2

1.3015

1.3065

1.3154

1.3200

Key Economic Data Releases:

- Canada GDP (Aug): 0.4% (exp 0.0% / prev 0.2%)

- U.S. Chicago purchasing managers index: 58.4 (exp 60.0 / prev 60.4)

Event Calendar:

Date

Canada

U.S.A.

Nov 1

Nov 2

Markit mfg. index

Net employment change, % rate, int'l merchandise trade

ADP employment change, Markit / ISM mfg. index

Non-farm payroll, unemployment rate, avg hourly earnings, trade balance

U.S. stocks rallied on the final day of one of the worst months of the bull market, as earnings from Facebook jolted tech shares higher. The dollar added to a 16-month high and Treasury yields jumped. The S&P 500 Index headed for the first back-to-back gains of October, paring its steepest monthly drop since 2011 to 7%. Strong earnings that had largely been ignored in prior days added to the gains. In Europe, miners and energy companies led the way as almost every sector on the Stoxx Europe 600 Index climbed. Italian bonds bucked a decline as the risk-on mood sent core European debt lower. The euro drifted down as inflation accelerated in October and underlying price pressures increased, handing policy makers a headache after growth data disappointed. The pound rebounded after Tuesday's slump. In Asia, Japanese stocks were the stand-out performers as indexes rose across the board. China's overnight repo rate surged the most in more than four years as authorities take steps to combat bets against the yuan, which held near the weakest level in a decade against the greenback. The yen edged lower after the Bank of Japan left its monetary stimulus unchanged and kept its 10-year bond yield target at about zero percent. Currently, the TSX is up 1.01% while the DOW is up 1.50%. EURCAD is down 0.19% trading between 1.4843 and 1.4909. GBPCAD is up 0.50% trading between 1.6650 and 1.6780. JPYCAD is down 0.1% trading between 0.01157 and 0.01161. Gold is down 0.73% trading between $1,211 and $1,222USD/oz., silver is down 1.33% trading between $14.24 and $14.46USD/oz., while oil is up 0.06% trading between $65.80 and $66.99.

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

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