Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 30, 2019

USDCAD spot rate: 1.3200 - 1.3205 (as at 8:02am PST)

Ranges:

Asia:

1.3246

to

1.3284

Europe:

1.3213

to

1.3261

North America:

1.3191

to

1.3229

Technical Support / Resistance:

S2

S1

R1

R2

1.3140

1.3196

1.3330

1.3370

Key Economic Data Releases:

- U.S. ADP employment change: 213K (exp 178K / prev 263K)

- U.S. pending home sales: -2.2% (exp 0.5% / prev -0.09%)

- U.S. Fed interest rate decision: 11am

Event Calendar:

Date

Canada

U.S.A.

Jan 31

Feb 1

GDP, raw material / industrial product price index

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 climbed after the latest batch of corporate earnings bolstered confidence in the economy as investors awaited the Federal Reserve rate decision and any developments on trade. The Nasdaq 100's gains topped 1% as technology shares rallied after Apple Inc. posted results that exceeded analyst estimates, while a positive report from Boeing Co. helped boost industrial stocks. The Stoxx Europe 600 Index's gains were led by U.K. companies after lawmakers voted to renegotiate Brexit. The latest corporate earnings offer some reassurance for investors after a series of lackluster results in January added to concerns about the health of the global economy. Investors expect the Fed to keep interest rates on hold at their meeting today, but policy makers' statement will be scrutinized for hints on the outlook for rates. Meanwhile, Chinese negotiators are meeting U.S. counterparts in Washington for talks to resolve the ongoing trade dispute. The pound was steady after losses Tuesday when lawmakers voted against a key proposal that sought to rule out the prospect of the U.K. crashing out of the European Union without a deal. Members of Parliament including Prime Minister Theresa May instead backed a proposal to strip out the most difficult part of her proposed divorce package and re-open talks with the European Union. Currently, the TSX is down 0.18% and the DOW is up 1.16%. EURCAD is down 0.63% trading between 1.5067 and 1.5185. GBPCAD is down 0.57% trading between 1.7245 and 1.7379. JPYCAD is down 0.67% trading between 0.01203 and 0.01214. Gold is up 0.10% trading between $1,309 and $1,315USD/oz, silver is up 0.71% trading between $15.82 and $15.97USD/oz, while oil is up 1.62% trading between $53.09 and $54.38.

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

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