Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 14, 2019

VBCE Daily Foreign Exchange Update for Tuesday, May 14, 2019

USDCAD spot rate: 1.3475 - 1.3480 (as at 7:22am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- No major data releases

Event Calendar:

The US dollar advanced broadly while stocks took their first baby steps into positive territory after a pounding based on the Trade dispute between China and the U.S.. The market remained cautious after the tit for tat tariff game being played out within the global economies most important trade relationship. The negatives of even further U.S. tariffs being slapped on Chinese goods is being offset by the fact that the parties are still scheduling talks.

Currently, the TSX is up 0.28% and the DJIA are is up 0.57%. EURCAD is down 0.33% trading between 1.5098 and 1.5141. GBPCAD is down 0.47% trading between 1.7389 and 1.7475. JPYCAD is down 0.30% trading between 0.01225 and 0.01234. Gold is down 0.31% trading between $1,295 and $1,303USD/oz, silver is up 0.76 trading between $14.74 and $14.86USD/oz, while oil (WTI crude) is up 0.66% trading between $60.71 and $61.99.

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