Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 3, 2019

VBCE Daily Foreign Exchange Update for Wednesday, Apr. 03, 2019

USDCAD spot rate: 1.3320 - 1.3325 (as at 8:00am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. ADP employment change: 129K (exp 170K / prev 197K)

- U.S. ISM non-mfg PMI: 56.1 (exp 58.0 / prev 59.7)

Event Calendar:

U.S. stocks advanced and bonds retreated globally as upbeat economic reports from China to Europe and renewed hopes for a Sino-U.S. trade deal attracted investors to riskier assets. The euro and pound strengthened. The S&P 500 climbed for a fifth day, equaling the longest winning streak in two months. The Dow briefly erased gains after a gauge of U.S. service industries fell in March by more than expected. The Stoxx Europe 600 index jumped after a string of economic reports from Italy to Germany eased concern over the euro area's growth outlook. The U.S. and China are making good headway in trade negotiations but unready to reach a deal and hope to get closer this week. In the U.K., the pound advanced after Prime Minister Theresa May announced a cross-party approach to break the logjam over Brexit. Currently, the TSX is up 0.39% while the DJIA is up 0.13%. EURCAD is up 0.11% trading between 1.4920 and 1.4994. GBPCAD is up 0.02% trading between 1.7482 and 1.7560. JPYCAD is down 0.25% trading between 0.01192 and 0.01199. Gold is down 0.10% trading between $1,288 and $1,294USD/oz, silver is down 0.06% trading between $15.03 and $15.19USD/oz., while oil is up 0.16% trading between $62.07 and $62.98.

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