Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 17, 2019

USDCAD spot rate: 1.3325 - 1.3330 (as at 8:00am PST)

Ranges:

Asia:

1.3308

to

1.3373

Europe:

1.3274

to

1.3341

North America:

1.3318

to

1.3340

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3240

1.3385

1.3445

Key Economic Data Releases:

- Canada Int'l Merchandise Trade: $-2.90B (exp $-3.50B / prev $-3.09B)

- Canada CPI: 1.9% (exp 1.9% / prev 1.5%)

- U.S. Trade Balance: $-49.4B (exp $-53.5B / prev $51.1B)

Event Calendar:

Date

Canada

U.S.A.

Apr 18

Apr 19

Retail sales

Good Friday

Retail sales, Philadelphia Fed mfg. survey

Housing starts, building permits

U.S. stocks were mixed as health-care providers tumbled on concern about policy changes, while the latest batch of corporate earnings did little to boost confidence in the economy. The S&P 500 Index slipped back toward 2,900 while The Nasdaq 100 Index touched an all-time high. Data overnight showing China's economic growth, industrial production and retail sales all topped estimates boosted equities around the world. The Stoxx Europe 600 Index erased a drop, while shares rose in Japan and Shanghai. The yield on 10-year Treasuries turned lower after climbing to a 4-week high and the dollar fell amid data showing the U.S. trade gap unexpectedly narrowed. European debt also dropped, while the euro strengthened even as Germany's economy ministry revised its growth forecast lower. As earnings continue to pour in, investors are growing more confident the anticipated drop in first-quarter results won't spoil the year. At the same time, central banks around the world remain accommodative, and the latest Chinese data appears to have calmed jitters that the world's second-largest economy was headed for a slowdown. Elsewhere, oil climbed after data showed a surprise drop in crude inventories. The New Zealand dollar retreated after inflation slowed more than forecast, while the Australian dollar rose after the Chinese data. Currently, the TSX is up 0.14% and the DJIA is down 0.09%. EURCAD is down 0.11% trading between 1.5000 and 1.5093. GBPCAD is down 0.33% trading between 1.7313 and 1.7442. JPYCAD is down 0.24% trading between 0.01185 and 0.01193. Gold is down 0.23% trading between $1,273 and $1,279USD/oz, silver is down 0.20% trading between $14.96 and $15.09USD/oz, while oil (WTI crude) is up 0.31% trading between $64.00 and $64.60.

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

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