Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 23, 2019

USDCAD spot rate: 1.3490 - 1.3495 (as at 8:22am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian Wholesale sales 1.4% (0.9% exp.) 0.2% previous

- U.S. Markit mfg. 50.6 (52.5 exp.) 52.6 previous

-U.S. Initial Jobless claims 211k (215k exp.) 212k previous

Event Calendar:

Stocks slumped globally on Thursday and traders took refuge in gold and bonds as the simmering trade dispute between the world's two largest economies took a greater toll on markets. The yen gained along with the dollar as the flight to safety continued. Meanwhile 10 year Treasury yields fell to their lowest level since 2017. Energy shares slumped as oil fell below $60 a barrel.

Currently, the TSX is down 0.94% while the DJIA is down 1.31%. EURCAD is up 0.32% trading between 1.4976 and 1.5043. GBPCAD is up 0.35% trading between 1.6959 and 1.7077. JPYCAD is up 0.88% trading between 0.01218 and 0.01228. Gold is up 0.78% trading between $1,272 and $1,284USD/oz, silver is up 0.89% trading between $14.41 and $14.60USD/oz, while oil (WTI crude) is down 4.51% trading between $58.60 and $61.42.