Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 3, 2019

USDCAD spot rate: 1.3540 - 1.3545 (as at 7:14am PST)

Ranges:

Asia:

1.3618

to

1.3645

Europe:

1.3612

to

1.3633

North America:

1.3513

to

1.3571

Technical Support / Resistance:

S2

S1

R1

R2

1.3400

1.3500

1.3675

1.3725

Key Economic Data Releases:

- U.S. Employment change 271k (178k exp.) 157k previous

- U.S. initial jobless claims 231k (220k exp.) 221k previous

- ISM manufacturing PMI 54.1 (57.9 exp.) 59.3 previous

Event Calendar:

Date

Canada

U.S.A.

Jan 4

Unemployment rate

Unemployment rate

U.S. stocks slumped after Apple Inc. added to global growth concerns with a cut in its sales outlook. The yen remained stronger after wild moves in the currency markets overnight.The S&P 500 fell 1 percent, though it traded well off the lows in futures after sentiment got a boost from Bristol-Myers Squibb's bid to buy Celgene and a strong reading on private hiring for December. Apple's first revenue cut in a decade dragged the tech giant down 9 percent. It cited an unforeseen slowdown in China, weighing on suppliers and tech-heavy equity measures. The Stoxx Europe 600 Index and Asian shares were both lower.

Currently, the TSX is down 0.69% while the DOW is down 1.66%. EURCAD is down 0.01% trading between 1.5350 and 1.5506. GBPCAD is down 0.05% trading between 1.6993 and 1.7140. JPYCAD is up 1.20% trading between 0.01253 and 0.01276. Gold is up 0.97 trading between $1,285 and $1,292USD/oz, silver is up 1.13% trading between $15.49 and $15.69USD/oz., while oil is up 0.77% trading between $45.41 and $47.45.

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

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