Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 17, 2018

USDCAD spot rate: 1.3390 - 1.3395 (as at 8:36am PST)

Ranges:

Asia:

1.3373

to

1.3388

Europe:

1.3372

to

1.3401

North America:

1.3375

to

1.3409

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3354

1.3440

1.3490

Key Economic Data Releases:

- U.S. NY Empire state mfg index: 10.9 (exp 20.0 / prev 23.3)

Event Calendar:

Date

Canada

U.S.A.

Dec 18

Dec 19

Dec 20

Dec 21

Manufacturing shipments

CPI

Wholesale sales

GDP, retail sales

Housing starts, building permits

Fed interest rate, economic projections

Philadelphia Fed manufacturing survey

Durable goods orders

The slide in U.S. stocks slowed somewhat as investors weighed the impact of the Federal Reserve on growth in an economy already buffeted by trade, geopolitical tensions and a possible government shutdown. All major American equity benchmarks opened lower, before a tech rally pared some losses, as the Fed looked certain to raise rates after its policy meeting Wednesday. Investors will scrutinize the central bank's statement for clues whether its intentions for 2019 have changed. One market observer has already weighed in on the Fed: President Donald Trump tweeted Monday morning that it was "incredible" the central bank was considering a rate hike, given low inflation and a strong dollar. Treasuries and gold gained, and the yen nudged higher, after a bout of risk-aversion hammered global equities in recent sessions. lobal growth forecasts for next year are being trimmed as a trade war between the biggest economies bites and markets reel from a volatile 2018. Meanwhile, political uncertainty still grips investors. There are yet more personnel changes within the Trump administration and confusion remains over Britain's future relationship with the European Union. Currently, the TSX is down 0.25% and the DOW is down 0.24%. EURCAD is up 0.39% trading between 1.5117 and 1.5211. GBPCAD is up 0.15% trading between 1.6817 and 1.6928. JPYCAD is up 0.39% trading between 0.01178 and 0.01186. Gold is up 0.36 trading between $1,235 and $1,244USD/oz, silver is up 0.62% trading between $14.53 and $14.65USD/oz., while oil is down 1.32% trading between $50.21 and $51.86.

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