Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 5, 2019

USDCAD spot rate: 1.3340 - 1.3345 (as at 7:22am PST)

Ranges:

Asia:

1.3310

to

1.3331

Europe:

1.3315

to

1.3345

North America:

1.3323

to

1.3352

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3194

1.3379

1.3430

Key Economic Data Releases:

- U.S. ISM non-mfg index 59.7 (57.3 exp.) 56.7 previous

Event Calendar:

Date

Canada

U.S.A.

Mar 6

Mar 7

Mar 8

Int'l merchandise trade, Ivey PMI, Bank of Canada interest rate

Int'l merchandise trade

Net employment change, unemployment rate

ADP employment change, trade balance

Factory orders, new home sales

Trade balance

Non-farm payrolls, unemployment rate, Avg. hourly earnings

U.S. stocks fell to a one-week low as banks retreated and investors awaited news on the trade front. The dollar strengthened a fifth day. The S&P 500 headed for its fifth drop in six days, as the torrid post-Christmas rally continued to falter near the 2,800 level that's capped advances for several months. Lenders led the declines, even as Treasury yields rose. Industrial companies slumped with trade in focus after President Donald Trump turned his ire toward India as he looks to clinch a deal with China. European shares fell, while equities in Japan, Korea and Australia slumped after China lowered its target for GDP growth. Currently, the TSX is up 0.25% and the DJIA is down 0.33%. EURCAD is up 0.15% trading between 1.5081 and 1.5126. GBPCAD is down 0.21% trading between 1.7483 and 1.7603. JPYCAD is up 0.01% trading between 0.01189 and 0.01193. Gold is down 0.30% trading between $1,281 and $1,289USD/oz, silver is down 0.08% trading between $15.04 and $15.12USD/oz, while oil is up 0.24% trading between $56.10 and $57.12.

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