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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