Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 27, 2019


USDCAD spot rate: 1.3420 - 1.325 (as at 8:03am PST)

Ranges:

Asia:

1.3378

to

1.3406

Europe:

1.3376

to

1.3429

North America:

1.3407

to

1.3430

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3350

1.3465

1.3500

Key Economic Data Releases:

- Canadian Int'l merchandise trade: $-4.25B (exp $-3.50B / prev $-4.82B)

- U.S. trade balance: $-51.1B (exp $-3.50B / prev $-4.82B)

Event Calendar:

Date

Canada

U.S.A.

Mar 28

Mar 29

GDP (Jan)

GDP Q4, pending home sales

Personal income/spending, Chicago PMI, consumer sentiment index, new home sales

The rally in bonds gained momentum as traders turned their focus to a worrying economic outlook. Stocks fell, while the dollar rose. Treasury 10-year yields slid below 2.4% and rates on benchmark German bunds sank deeper under zero after European Central Bank President Mario Draghi said that an accommodative policy stance is still needed. Speculation that the Fed will consider lowering rates appears to have spread, with some forecasting a cut this year. Stephen Moore, President Trump's pick for an open Fed board seat, said in a New York times interview that the central bank should immediately cut rates by half a percentage point. Currently, the TSX is up 0.14% while the DJIA is down 0.17%. EURCAD is up 0.08% trading between 1.5060 and 1.5135. GBPCAD is up 0.31% trading between 1.7643 and 1.7769. JPYCAD is up 0.40% trading between 0.01209 and 0.01215. Gold is down 0.37% trading between $1,308 and $1,319USD/oz, silver is down 0.92% trading between $15.28 and $15.47USD/oz, while oil is down 0.46% trading between $59.44 and $60.23.

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

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.