Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 16, 2019

USDCAD spot rate: 1.3243 - 1.3248 (as at 8:50am PST)

Ranges:

Asia:

1.3245

to

1.3281

Europe:

1.3245

to

1.3285

North America:

1.3235

to

1.3266

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3200

1.3302

1.3350

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Jan 17

Jan 18

CPI, portfolio investment

Philly Fed mfg. survey, initial jobless claims

Industrial production, consumer sentiment

U.S. stocks pared gains as ongoing political and economic uncertainties countered signs of a strong start to the earnings season. The pound edged higher against the dollar before a vote on the U.K.'s government. The S&P 500 cut into an advance that took it within a whisker of its average price over the past 50 days, a level it hasn't breached since early December. Financials buoyed major indexes after quarterly reports from Goldman Sachs and Bank of America. Netflix retreated after surging on Tuesday, while payment processor Fiserv tumbled after announcing it will acquire First Data Corp. for $22 billion. In Europe, Deutsche Bank gained after regulators were said to favor a merger with a European lender. U.K. stocks retreated and the nation's bonds fell as Prime Minister Theresa May's government faced a no-confidence vote, which if successful would force an election. Currently, the TSX is up 0.25% while the DOW is up 0.76%. EURCAD is down 0.21% trading between 1.5082 and 1.5144. GBPCAD is down 0.20% trading between 1.7022 and 1.7102. JPYCAD is down 0.36% trading between 0.01215 and 0.01224. Gold is up 0.34% trading between $1,287 and $1,294USD/oz, silver is down 0.03% trading between $15.49 and $15.63USD/oz, while oil is down 0.23% trading between $51.33 and $52.51.

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

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