Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 28, 2019


USDCAD spot rate: 1.3260 - 1.3265 (as at 8:10am PST)

Ranges:

Asia:

1.3203

to

1.3229

Europe:

1.3215

to

1.3277

North America:

1.3258

to

1.3286

Technical Support / Resistance:

S2

S1

R1

R2

1.3120

1.3171

1.3330

1.3370

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Jan 29

Jan 30

Jan 31

Feb 1

GDP, raw material / industrial product price index

Home price indices, consumer confidence

GDP Q4, ADP employment change, pending homes sales, Fed interest rate decision

Personal income/spending, Core personal consumption exp price index, Chicago PMI

Non-farm payrolls, unemployment rate, avg hourly earnings, ISM / Markit mfg. index

U.S. stocks fell after Caterpillar and Nvidia blamed slowing global growth for disappointing results, adding to concern the trade war with China is hitting corporate profits. The dollar and Treasuries were little changed. The S&P 500 began a crucial week for trade and monetary policy by halting a 3 day advance, as the sector bellwethers doused enthusiasm over the young earnings season. The Dow Jones Industrial Average sank 300 points, with all but two of its 30 members in the red. The equipment maker sank 7.7% after pinning its biggest quarterly profit miss in a decade on weak demand from China. The chipmaker plunged 12% after slashing its revenue forecast. AMD, Micron and Lam Research lost at least 3.5%. The disappointing results come ahead of a busy week for American corporate reports, highlighted by Microsoft, Apple and 10 other Dow components. Investors will also grapple with trade negotiations, a Federal Reserve policy decision and there will be another series of potentially key votes in the U.K. Parliament about Brexit. To cap it all, a flurry of American economic figures including GDP and jobs data are also set for release. Currently, the TSX is down 0.22% and the DOW is down 1.17%. EURCAD is up 0.64% trading between 1.5060 and 1.5185. GBPCAD is up 0.03% trading between 1.7387 and 1.7496. JPYCAD is up 0.65% trading between 0.01205 and 0.01215. Gold is down 0.04% trading between $1,297 and $1,304USD/oz, silver is up 0.01% trading between $15.60 and $15.81USD/oz, while oil is down 3.53% trading between $51.70 and $53.60.

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

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