Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 15, 2019

USDCAD spot rate: 1.3240 - 1.3245 (as at 7:16am PST)

Ranges:

Asia:

1.3260

to

1.3279

Europe:

1.3242

to

1.3279

North America:

1.3234

to

1.3255

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3182

1.3280

1.3320

Key Economic Data Releases:

- U.S. Producer price index 2.5% (2.5% exp.) 2.5% previous

- NY Empire state mfg. 3.90 (10.75 exp.) 10.90 previous

Event Calendar:

Date

Canada

U.S.A.

Jan 16

Jan 17

Jan 18

CPI, portfolio investment

Retail sales

Philly Fed mfg. survey, initial jobless claims

Industrial production, consumer sentiment

Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced.

The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by concerns about the rising impact of the U.S.-China trade war. The 10-year Treasury yield fell below 2.70 percent, while the dollar gained against major peers. European stocks edged higher, while the euro dropped after German data confirmed the weakest year for growth since 2013. The pound fell as U.K. politicians prepared for a vote on Brexit. Oil rose above $51 a barrel.

Currently, the TSX is unchanged while the DJIA is up 0.50%. EURCAD is down 0.50% trading between 1.5129 and 1.5243. GBPCAD is down 0.75% trading between 1.6973 and 1.7130 . JPYCAD is down 0.62% trading between 0.01218 and 0.01227. Gold is up 0.31% trading between $1,287 and $1,294USD/oz , silver is up 0.32% trading between $15.54 and $15.69USD/oz, while oil is up 2.02% trading between $50.70 and $52.00 .

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

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