Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 16, 2019


VBCE Daily Foreign Exchange Update for Thrsday, May 16, 2019

USDCAD spot rate: 1.3415 - 1.3420 (as at 7:17am PST)

Ranges:

Asia:

1.3430

to

1.3450

Europe:

1.3430

to

1.3444

North America:

1.3401

to

1.3437

Technical Support / Resistance:

S2

S1

R1

R2

1.3330

1.3371

1.3487

1.3520

Key Economic Data Releases:

- U.S. Housing Starts 1.235M (1.205M exp.) 1.168M previous

- U.S. initial jobless claims 212k (220k exp.) 228k previous

- Canadian Mfg shipments 2.1% (1.1% exp.) -0.2% previous

Event Calendar:

Date

Canada

U.S.A.

May 17

Consumer sentiment index

The rebound in risk assets from the trade-fomented sell-off continued, with U.S. stocks rising a third day and Treasuries slumping anew even as markets remain susceptible to fresh tariff headlines. The S&P 500 headed for the biggest three-day rally in more than a month, boosted in part by solid earnings from Cisco Systems Inc. and Walmart Inc. along with strong housing data. Trade tensions remained in the forefront, though, as the Trump administration threatened to blacklist China's Huawei Technologies Co. and Walmart warned tariffs would lead to higher consumer prices. The 10-year yield topped 2.4% and the dollar strengthened. Currently, the TSX is up 0.28% and the DJIA are is up 0.77%. EURCAD is down 0.33% trading between 1.5004 and 1.5071. GBPCAD is down 0.47% trading between 1.7168 and 1.7275. JPYCAD is down 0.35% trading between 0.01220 and 0.01229. Gold is down 0.31% trading between $1,289 and $1,298USD/oz, silver is down 0.56 trading between $14.69 and $14.82USD/oz, while oil (WTI crude) is up 1.66% trading between $62.18 and $62.98.

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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.