Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 30, 2019
USDCAD spot rate: 1.3450 - 1.3455 (as at 8:00am PST)
| Ranges: | Asia: | 1.3449 | to | 1.3467 |
| Europe: | 1.3461 | to | 1.3480 | |
| North America: | 1.3425 | to | 1.3460 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.3340 | 1.3420 | 1.3486 | 1.3520 |
Key Economic Data Releases:
- Chicago PMI 52.6 (59.0 exp.) 58.7 previous
- Canadian GDP (FEB.) -0.1% (0.0% exp.) 0.3% previous
Event Calendar:
| Date | Canada | U.S.A. |
| May 1 May 2 May 3 | Markit manufacturing index | ISM / market manufacturing index Initial jobless claims, factory orders Non-farm payrolls, avg hourly earnings, ISM non-mfg / Market services index |
A gauge of China's factory activity weakened sharply, suggesting that any turnaround in the world's second-largest economy after months of slower growth has yet to take root., suggesting that any turnaround in the world's second-largest economy after months of slower growth has yet to take root. Meanwhile in Canada, GDP for February disappointed fueling further speculation that any near term interest rate hikes by the Bank of Canada are off the table. Currently, the TSX is up 0.01% and the DJIA is up 0.02%. EURCAD is up 0.22% trading between 1.5041 and 1.5110. GBPCAD is up 0.96% trading between 1.7393 and 1.7551. JPYCAD is up 0.49% trading between 0.01204 and 0.01209. Gold is up 0.50% trading between $1,279 and $1,286USD/oz, silver is up 0.33% trading between $14.81 and $15.01USD/oz, while oil (WTI crude) is down 0.02% trading between $63.00 and $65.00.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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