Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 20, 2018


USDCAD spot rate: 1.3255 - 1.3260 (as at 7:16am PST)

Ranges:

Asia:

1.3161

to

1.3180

Europe:

1.3156

to

1.3198

North America:

1.3190

to

1.3267

Technical Support / Resistance:

S2

S1

R1

R2

1.3090

1.3127

1.3280

1.3340

Key Economic Data Releases:

- U.S. Housing starts 1.228M (1.225M exp.) 1.210M previous

- U.S. Building permits 1.263M (1.267M expected) 1.241M previous

- Bank of Canada Wilkins speech

Event Calendar:

Date

Canada

U.S.A.

Nov 21

Nov 22

Nov 23

Retail sales, CPI

Durable goods, existing home sales

Thanksgiving Day

Markit manufacturing / services index

The sell-off in U.S. stocks picked up steam, with investors dumping the tech darlings that carried the bull market for much of its record run. Treasuries advanced with the yen.

The S&P 500 slid to the verge of a correction, the Nasdaq Composite erased its gain for the year, and the Dow Jones Industrial Average shed more than 400 points as angst spread across global equity markets. Investors pointed to escalating trade tension, signs of a looming slowdown in retail growth and cracks in the credit market, but an indiscriminate dumping of the year's biggest winners still largely characterized the action., with investors dumping the tech darlings that carried the bull market for much of its record run. Treasuries advanced with the yen. The S&P 500 slid to the verge of a correction, the Nasdaq Composite erased its gain for the year, and the Dow Jones Industrial Average shed more than 400 points as angst spread across global equity markets. Investors pointed to escalating trade tension, signs of a looming slowdown in retail growth and cracks in the credit market, but an indiscriminate dumping of the year's biggest winners still largely characterized the action. Currently, the TSX and the DJIA are down 1.45% and 2.08% respectively. EURCAD is up 0.13% trading between 1.5040 and 1.5109. GBPCAD is up 0.43% trading between 1.6887 and 1.7015. JPYCAD is up 0.92% trading between 0.01169 and 0.01179. Gold is down 0.16% trading between $1,221 and $1,229USD/oz., silver is up 0.50% trading between $14.30 and $14.49USD/oz., while oil is down 3.75% trading between $55.02 and $57.34.

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

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.