Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 8, 2019

USDCAD spot rate: 1.3290 - 1.3300 (as at 7:15am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian Int'l Merchandise trade -2.06B (-1.95B exp.) -0.85B previous

Event Calendar:

Stocks surged Tuesday after the Trump administration said there was progress coming out of its two-day mid-level trade talks with China. The dollar rose with Treasury yields, and crude climbed toward $50 a barrel on expectations the market will be tightened by OPEC's output cuts. All major U.S. equity benchmarks were higher. The S&P 500 was up nearly 1 percent while the Dow Jones Industrial Average leaped more than 250 points, as transportation stocks and automakers paced gainers.

Currently, the TSX is up 0.91% while the DOW is up 1.26%. EURCAD is down 0.21% trading between 1.5177 and 1.5264. GBPCAD is down 0.52% trading between 1.6901 and 1.7000. JPYCAD is down 0.57% trading between 0.01217 and 0.01225. Gold is down 0.30% trading between $1,279 and $1,290USD/oz, silver is down 0.26% trading between $15.50 and $15.69USD/oz., while oil is up 2.2% trading between $46.33 and $49.61.

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