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)

Ranges:

Asia:

1.3460

to

1.3475

Europe:

1.3460

to

1.3474

North America:

1.3456

to

1.3487

Technical Support / Resistance:

S2

S1

R1

R2

1.3330

1.3371

1.3487

1.3520

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

May 15

May 16

May 17

CPI

Manufacturing shipments

Retail sales, industrial production

Housing starts, jobless claims

Consumer sentiment index

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

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The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.