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

USDCAD spot rate: 1.3465 - 1.3470 (as at 7:10am PST)

Technical Support / Resistance:

Key Economic Data Releases:

-Philly Fed Mfg. 9.4 (15.0 exp.) 12.9 previous

-U.S. Initial jobless claims 214k (216k exp.) 206k previous

Event Calendar:

U.S. equities followed stocks in Europe and Asia lower Thursday as markets digested the Federal Reserve's decision a day earlier. The dollar slumped against most peers and the yen rallied. The S&P 500 Index declined at the open, along with the Dow Jones Industrial Average, after a steep plunge Wednesday when Fed Chairman Jerome Powell said the process of reversing quantitative easing was on "autopilot" and downplayed the implications of market volatility. While policy makers signaled a less aggressive rate-hike path in 2019, Wednesday's quarter-point increase and Powell's comments on QE seemed to spook markets. Global stocks are set for their worst quarter since 2011, yet the Fed chair in his press conference said that "we don't look at any one market," and that in the abstract "a little bit of volatility" probably doesn't leave a mark on the economy. Currently, the TSX is up 0.18% and the DOW is down 0.68%. EURCAD is up 0.43% trading between 1.5335 and 1.5455. GBPCAD is up 0.37% trading between 1.7005 and 1.7101. JPYCAD is up 0.71% trading between 0.01197 and 0.01207. Gold is up 1.39 trading between $1,242 and $1,262USD/oz, silver is up 1.88% trading between $14.56 and $14.84USD/oz., while oil is down 2.75% trading between $45.82 and $47.46.