Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 29, 2019


USDCAD spot rate: 1.3250 - 1.3255 (as at 7:19am PST)

Ranges:

Asia:

1.3253

to

1.3278

Europe:

1.3245

to

1.3274

North America:

1.3248

to

1.3266

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 30

Jan 31

Feb 1

GDP, raw material / industrial product price index

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. equities were mixed following gains in Europe as investors weighed the latest corporate earnings and the chances of a trade breakthrough between the world's biggest economies. Industrial companies led advances as 3M Co. struck an optimistic tone after reporting a profit that beat estimates, while technology stocks dragged on major U.S. indexes. Almost all sectors climbed in the Stoxx Europe 600. Treasuries and the dollar were little changed. West Texas crude climbed as the U.S. slapped a de facto ban on oil from Venezuela. After a robust start to the year for equities, investors are looking for reasons to chase the rally in a corporate earnings season that's been indecisive so far. Chinese Vice Premier Liu He arrived in Washington for what the White House is describing as "very, very important" trade talks this week. Against the backdrop of U.S.-China stress and geopolitical tensions in Venezuela, traders they also need to navigate the Federal Reserve rate decision, developments in the U.K.'s Brexit process and a potential slew of American economic data that was delayed by the government shutdown. Currently, the TSX is up 0.32% and the DOW is up 0.57%. EURCAD is up 0.04% trading between 1.5126 and 1.5187. GBPCAD is up 0.03% trading between 1.7412 and 1.7497. JPYCAD is down 0.35% trading between 0.01209 and 0.01216. Gold is up 0.34% trading between $1,302 and $1,311USD/oz, silver is up 0.61% trading between $15.72 and $15.91USD/oz, while oil is up 2.73% trading between $51.87 and $53.54.

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

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