Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 31, 2019

USDCAD spot rate: 1.3150 - 1.3155 (as at 7:17am PST)

Ranges:

Asia:

1.3226

to

1.3144

Europe:

1.3120

to

1.3162

North America:

1.3131

to

1.3165

Technical Support / Resistance:

S2

S1

R1

R2

1.3100

1.3120

1.3330

1.3370

Key Economic Data Releases:

- U.S. Initial jobless claims 253k (215k exp.) 200k previous

- Chicago PMI 56.7 (61.5 exp.) 65.4 previous

- Canadian GDP -0.1% (-0.1% exp.) 0.3% previous

Event Calendar:

Date

Canada

U.S.A.

Feb 1

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

U.S. stocks edged higher, extending the biggest monthly stock rally in almost three years, as better-than-expected corporate earnings and the Federal Reserve's dovish turn lifted investor sentiment.

The S&P 500 Index traded near an eight-week high with technology shares outperforming while materials companies dragged on the gauge. General Electric Co. rallied with Facebook Inc. after quarterly results beat estimates. Emerging-market shares extended gains while Treasury yields and the dollar fell a day after signals from the Fed that it will be "patient" on interest-rate moves and flexible on the path for reducing its balance sheet. Meanwhile, the Stoxx Europe 600 Index declined after a positive start, with banks among the biggest drags as energy companies rose following strong results from Royal Dutch Shell. Italian shares retreated after the country fell into recession.

Currently, the TSX is up 0.08% and the DOW is up 0.06%. EURCAD is down 0.03% trading between 1.5068 and 1.5119. GBPCAD is down 0.07% trading between 1.7221 and 1.7270. JPYCAD is up 0.27% trading between 0.01205 and 0.01212. Gold is up 0.30% trading between $1,317 and $1,326USD/oz, silver is up 0.41% trading between $15.99 and $16.17USD/oz, while oil is up 1.72% trading between $53.92 and $55.14.

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

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