USDCAD spot rate: 1.3135 - 1.3140 (as at 7:11am PST)
Ranges: | Asia: | 1.3105 | to | 1.3126 |
Europe: | 1.3102 | to | 1.3130 | |
North America: | 1.3114 | to | 1.3139 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3050 | 1.3085 | 1.3160 | 1.3210 |
Key Economic Data Releases:
- No major releases
Event Calendar:
Date | Canada | U.S.A. |
Feb 5 Feb 6 Feb 7 Feb 8 | Int'l merchandise trade Housing starts, Ivey PMI Net employment change | Non-manufacturing PMI Unit labour costs, non-farm productivity Consumer sentiment index |
U.S. stocks pushed higher for a fifth day, with sentiment getting a boost from corporate results and strong earnings from oil giant BP that lifted European equities. The euro edged lower. The S&P 500 matched its longest rally of the year, as stocks continued to rebound from the pre-Christmas rout. American earnings were mixed, with Alphabet slipping after announcing a big rise in spending, while Estee Lauder surged on its results. Pemex bonds jumped after Mexico's president said he'll announce extraordinary measures to support the oil firm. Crude slumped.
Currently, the TSX is up 0.25% while the DJIA is up 0.45%. EURCAD is down 0.23% trading between 1.4955 and 1.5077 . GBPCAD is down 0.50% trading between 1.7002 and 1.7115 . JPYCAD is down 0.33% trading between 0.01190 and 0.01195. Gold is unchanged trading between $1,310 and $1,316USD/oz , silver is down 0.05% trading between $15.81 and $15.92USD/oz , while oil is down 1% trading between $53.63 and $55.20 .
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group