Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 18, 2019

USDCAD spot rate: 1.3332 - 1.3337 (as at 8:11am PST)

Ranges:

Asia:

1.3301

to

1.3348

Europe:

1.3308

to

1.3347

North America:

1.3326

to

1.3338

Technical Support / Resistance:

S2

S1

R1

R2

1.3240

1.3284

1.3366

1.3420

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Mar 19

Mar 20

Mar 21

Mar 22

Wholesale sales

Retail sales, CPI

Factory orders

Fed interest rate and economic projections

Phil Fed mfg. survey

Markit mfg / services purchasing managers index

U.S. equities gained at the start of a week filled with potentially significant catalysts from central bank meetings, geopolitical developments and economic data. Treasuries and the USD drifted lower. The S&P opened slightly higher, led by financial and energy shares, while chipmakers helped propel an advance in the Nasdaq 100. Equities are grinding higher and volatility is declining on expectations the Fed will point the way to just one rate hike in 2019 when it meets this week. Other central bank gatherings, including for the Bank of England, will give further clues on monetary policy. In politics, investors are keeping an eye on this week's Brexit developments as the British prime minister works to win support for her divorce agreement. Oil gained as OPEC and its allies recommended deferring a decision on whether to extend oil production cuts until June. Currently, the TSX is up 0.33% and the DJIA is up 0.17%. EURCAD is up 0.14% trading between 1.5082 and 1.5145. GBPCAD is down 0.45% trading between 1.7629 and 1.7746. JPYCAD is down 0.16% trading between 0.01192 and 0.01196. Gold is up 0.29% trading between $1,298 and $1,306USD/oz, silver is up 0.70% trading between $15.22 and $15.42USD/oz, while oil is up 1.01% trading between $58.11 and $59.15.

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

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