Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 24, 2019

USDCAD spot rate: 1.3340 - 1.3345 (as at 7:15am PST)

Ranges:

Asia:

1.3329

to

1.3358

Europe:

1.3344

to

1.3369

North America:

1.3334

to

1.3375

Technical Support / Resistance:

S2

S1

R1

R2

1.3230

1.3288

1.3395

1.3450

Key Economic Data Releases:

- U.S. initial jobless claims 199k (220k exp.) 212k previous

- U.S. Markit mfg. 54.9 (53.5 exp.) 53.8 previous

- U.S. services PMI 54.2 (54.1 exp.) 54.4 previous

Event Calendar:

Date

Canada

U.S.A.

Jan 24

Jan 25

Markit manufacturing / services PMI

Durable goods orders, new home sales

A rally in semiconductor stocks helped push the Nasdaq Composite Index higher, while broader indexes were lower amid concern the U.S. and China may be further from a trade resolution than investors had hoped. The euro trimmed a drop as ECB President Mario Draghi said the central bank had all of its "toolbox still available" as risks shift to the downside. The Dow Jones and S&P 500 Index declined after Secretary of Commerce Wilbur Ross said the world's two biggest economies remain "miles and miles" apart on trade, while still acknowledging that there is a "fair chance" of a deal. Currently, the TSX is up 0.09% and the DOW is down 0.31. EURCAD is down 0.21% trading between 1.5117 and 1.5204. GBPCAD is down 0.29% trading between 1.7376 and 1.7457. JPYCAD is up 0.27% trading between 0.01216 and 0.01219. Gold is down 0.21% trading between $1,276 and $1,284USD/oz, silver is down 0.15% trading between $15.24 and $15.36USD/oz, while oil is up 0.21% trading between $52.09 and $52.87.

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

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