Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 25, 2019

USDCAD spot rate: 1.3490 - 1.3495 (as at 7:17am PST)

Ranges:

Asia:

1.3483

to

1.3503

Europe:

1.3485

to

1.3510

North America:

1.3488

to

1.3517

Technical Support / Resistance:

S2

S1

R1

R2

1.3375

1.3410

1.3520

1.3575

Key Economic Data Releases:

- U.S. Initial Jobless claims 230k (200k exp.) 193k previous

- U.S. Durable Goods orders 2.7% (0.8% exp.) -1.1% previous

Event Calendar:

Date

Canada

U.S.A.

Apr 24

Apr 25

Apr 26

Bank of Canada interest rate

Durable goods orders

GDP Q1, GDP price index, Core PCE

U.S. Durable Orders Rose 2.7% in March, Faster Than Expected but this news was off set by the highest number of jobless claims since 2017. After yesterdays Bank of Canada's dovish statement release hammered the Canadian dollar we have seen mostly consolidation in the FX markets so far this morning. Currently, the TSX and the DJIA are down by about 0.50%. EURCAD is down 0.01% trading between 1.5009 and 1.5060. GBPCAD is down 0.04% trading between 1.7370 and 1.7426. JPYCAD is up 0.55% trading between 0.01202 and 0.01209 . Gold is up 0.33% trading between $1,273 and $1,282USD/oz, silver is up 0.37% trading between $14.86 and $15.01USD/oz, while oil (WTI crude) is up 0.10% trading between $65.55 and $66.28.

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

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