Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 17, 2019


USDCAD spot rate: 1.3295 - 1.3300 (as at 7:17am PST)

Ranges:

Asia:

1.3255

to

1.3281

Europe:

1.3275

to

1.3305

North America:

1.3285

to

1.3319

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3200

1.3320

1.3350

Key Economic Data Releases:

- Philly Fed mfg. survey 17.0 (10.0 exp.) 9.1 previous

- U.S. Initial jobless claims 213k (220k exp.) 216k previous

Event Calendar:

Date

Canada

U.S.A.

Jan 18

CPI, portfolio investment

Industrial production, consumer sentiment

Stocks fluctuated as a batch of disappointing earnings countered data showing strength in the U.S. economy. The dollar rose and Treasuries fell. The S&P 500 traded just below its average price over the past 50 days, a level it hasn't breached since early December. Healthcare and tech companies led gains, while Morgan Stanley declined following a weak quarterly report, pulling down banking shares. The dollar rose against most major currencies. The 10-year Treasury yield advanced for the fourth straight day to 2.73 percent after U.S. jobless claims fell to a five-week low and a gauge of factory production blew away analyst expectations. European shares edge lower following poor results from Societe Generale. The pound rose as U.K. Prime Minister Theresa May held talks with political rivals on a new Brexit deal.

Currently, the TSX is down 0.15% while the DOW is down 0.16%. EURCAD is up 0.21% trading between 1.5101 and 1.5182. GBPCAD is up 0.60% trading between 1.7066 and 1.7197. JPYCAD is up 0.76% trading between 0.01215 and 0.01223. Gold is down 0.14% trading between $1,289 and $1,295USD/oz, silver is down 0.53% trading between $15.45 and $15.61USD/oz, while oil is down 1.23% trading between $51.07 and $52.16.

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

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