Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 21, 2018

USDCAD spot rate: 1.3283 - 1.3288 (as at 8:06am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. durable goods: -4.4% (exp 0.4% / prev -0.1%)

- U.S. existing home sales: 5.22M (exp 5.20M / prev 5.15M)

Event Calendar:

U.S. stocks climbed with tech rallying, trimming sharp losses across asset classes in Tuesday's session. Treasuries rose and the dollar weakened after MNI reported the Federal Reserve is considering ending a cycle of interest rate hikes as early as the spring. All major equity benchmarks were higher, with the Nasdaq indexes pacing gainers and erasing more than half of Tuesday's decline. Consumer discretionary shares and communications services companies paced the increases in the S&P 500 Index. Trading was lighter than normal in the pre-Thanksgiving session. In addition, U.S. data showed that durable goods orders declined and filings for unemployment benefits rose. Banks and telecommunications companies led an advance in the Stoxx Europe 600 Index as optimism for a compromise on Italy's budget buoyed stocks. The euro gained and Italian bonds firmed on reports the Italian government may be open to budget revisions as the European Union took a first step toward imposing fines on the country. Oil rebounded from a one-year low that briefly sent it below $54, even as U.S. President Donald Trump urged Saudi Arabia to keep reducing prices. Investors are weighing industry data that showed U.S. crude inventories unexpectedly fell last week against doubts about OPEC's plans to cut output. Currently, the TSX is up 1.54% and the DOW is up 0.44%. EURCAD is up 0.11% trading between 1.5115 and 1.5168. GBPCAD is down 0.11% trading between 1.6969 and 1.7033. JPYCAD is down 0.42% trading between 0.01173 and 0.01180. Gold is up 0.50% trading between $1,219 and $1,230USD/oz., silver is up 1.39% trading between $14.27 and $14.55USD/oz., while oil is up 2.03% trading between $53.56 and $54.06.

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