Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 13, 2019

USDCAD spot rate: 1.3321 - 1.3126 (as at 8:13am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. durable good orders: 0.4% (exp -0.5% / prev 1.3%)

- U.S. producer price index: 0.1% (exp 0.2% / prev -0.1%)

Event Calendar:

U.S. equities climbed as data showed better-than-expected demand for durable goods and modest pressure on inflation. The GBP jumped before another Brexit vote and the USD dipped. The S&P 500 Index gained for a 3^rd day, wiping out last week's losses and reaching a 4-month high as it held above the key 2,800 level that it has struggled to breach in recent weeks. European shares also advanced. Crude oil rose toward $58 a barrel in New York. Treasury yields ticked higher as data showed orders for business equipment rebounded in January by the most in 6 months as the producer price index rose less than forecast in February. The U.S. data signaled a positive start to the year for the world's biggest economy and little pressure on the Federal Reserve to raise interest rates, just as investors were digesting disappointing numbers from Japan and Australia. The ongoing Brexit drama, a cut to the U.K.'s growth forecast and a warning from America's top trade negotiator that tariffs may not be rolled back are adding to the complex picture, with reports on Chinese production and retail sales and a Bank of Japan policy decision also coming up this week. Sterling extended its gains for the week and gilts fell as U.K. lawmakers prepare to vote on whether to tear the country out of the European Union with no agreement, or give themselves the chance to delay Brexit in the hope of securing better terms. Currently, the TSX is up 0.15%4 and the DJIA is up 0.56%. EURCAD is down 0.10% trading between 1.5048 and 1.5102. GBPCAD is up 0.63% trading between 1.7448 and 1.7595. JPYCAD is down 0.30% trading between 0.01195 and 0.01202. Gold is up 0.37% trading between $1,301 and $1,309USD/oz, silver is up 0.09% trading between $15.42 and $15.53USD/oz, while oil is up 1.86% trading between $57.05 and $58.07.

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