Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 19, 2019

USDCAD spot rate: 1.3260 - 1.3265 (as at 7:23am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Factory orders 0.1% (0.3% exp.) 0.1% previous

Event Calendar:

U.S. equities jumped out of the gate as investors awaited central bank decisions due later this week, including word from a recently more-dovish Federal Reserve. The euro strengthened while Treasuries slipped. The S&P 500 Index rose at the open Tuesday after climbing to a five-month high the day before. Consumer-discretionary, materials and semiconductor stocks led the charge. The Dow Jones and Nasdaq 100 gauges followed suit, while European shares gained after Asian stocks drifted. The Fed's shift in recent months has helped reignite a global equity rally on bets that policy makers will act to support growth. Volatility has evaporated across assets as a result, but with expectations the Fed will point to one more rate hike in 2019, it's possible markets could be over-pricing a Goldilocks scenario. And even as the equity markets rally, uncertainty surrounding Brexit and trade remains. Currently, the TSX is down 0.13% and the DJIA is up 0.49%. EURCAD is down 0.44% trading between 1.5041 and 1.5136. GBPCAD is down 0.75% trading between 1.7569 and 1.7717. JPYCAD is down 0.36% trading between 0.01190 and 0.01199. Gold is up 0.29% trading between $1,303 and $1,310USD/oz, silver is up 0.40% trading between $15.31 and $15.44USD/oz, while oil is up 0.25% trading between $59.01 and $59.53.

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