Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 19, 2018


USDCAD spot rate: 1.3420 - 1.3425 (as at 8:10am PST)

Ranges:

Asia:

1.3429

to

1.3472

Europe:

1.3433

to

1.3483

North America:

1.3415

to

1.3463

Technical Support / Resistance:

S2

S1

R1

R2

1.3354

1.3395

1.3501

1.3550

Key Economic Data Releases:

- Canadian CPI: -0.4% (exp -0.4% / prev 0.3%)

- U.S. economic projections: 11am

- U.S. Fed interest rate: 11am

Event Calendar:

Date

Canada

U.S.A.

Dec 20

Dec 21

Wholesale sales

GDP, retail sales

Philadelphia Fed manufacturing survey

Durable goods orders

Stocks climbed as investors wait to see whether Federal Reserve policy makers would strike a dovish stance when they reveal their rate decision today. Automakers led the S&P 500 Index higher in early trading as the Stoxx Europe 600 Index looked set to snap a four-day losing streak. Still, a cautious tone lingered after executives from FedEx Corp warned about a slump in global trade. Treasuries are in a holding pattern before the Fed announcement, when the central bank is expected to deliver the 4th rate hike of the year while signaling a slower approach to increases in 2019. Amid the recent volatility in stocks and other risky assets, many investors are looking to Fed Chair Jerome Powell to attempt to limit the fallout from an interest rate increase by delivering a less hawkish message than in recent meetings. That might also help placate President Donald Trump, who this week stepped up pressure on the central bank to avoid more tightening. Currently, the TSX is up 0.68% and the DOW is up 0.98%. EURCAD is up 0.13% trading between 1.5300 and 1.5376. GBPCAD is down 0.37% trading between 1.6952 and 1.7073. JPYCAD is down 0.11% trading between 0.01194 and 0.01199. Gold is up 0.39 trading between $1,246 and $1,258USD/oz, silver is up 0.88% trading between $14.63 and $14.82USD/oz., while oil is down 4.75% trading between $46.34 and $47.99.

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