Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 2, 2019

USDCAD spot rate: 1.3460 - 1.3465 (as at 7:19am PST)

Ranges:

Asia:

1.3331

to

1.3445

Europe:

1.3339

To

1.3452

North America:

1.3342

To

1.3467

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3330

1.3498

1.3520

Key Economic Data Releases:

- U.S. Initial jobless claims 230k (215k exp.) 230k previous

- U.S. factory orders 1.9% (1.5% exp.) -0.3% previous

Event Calendar:

Date

Canada

U.S.A.

May 3

Non-farm payrolls, avg hourly earnings, ISM non-mfg / Market services index

U.S. stocks rose in the wake of the Federal Reserve's decision as traders awaited Friday's jobs report. Treasuries declined. The Dollar rose against most of its peers.Traders pared bets on the Fed's next move being a cut after Chairman Jerome Powell said the central bank has no bias to either tighten or ease policy.

Currently, the TSX is down 0.18% and the DJIA is up 0.09%. EURCAD is up 0.02% trading between 1.5034 and 1.5081. GBPCAD is up 0.02% trading between 1.7505 and 1.7581. JPYCAD is up 0.27% trading between 0.01203 and 0.01206. Gold is down 0.56% trading between $1,266 and $1,277USD/oz, silver is down 0.51% trading between $14.59 and $14.72USD/oz, while oil (WTI crude) is down 2.23% trading between $61.83 and $63.67.

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

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