Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 4, 2019



USDCAD spot rate: 1.3425 - 1.3430 (as at 7:17am PST)

Ranges:

Asia:

1.3422

to

1.3445

Europe:

1.3419

to

1.3449

North America:

1.3415

to

1.3445

Technical Support / Resistance:

S2

S1

R1

R2

1.3380

1.3410

1.3557

1.3620

Key Economic Data Releases:

- U.S. factory orders -0.8% (-0.9% exp.) 1.3% previous

Event Calendar:

Date

Canada

U.S.A.

June 5

June 6

June 7

Int'l merchandise trade, Ivey PMI

Net employment change, unemployment %, Avg hourly wages

ADP employment change, ISM non-mfg

Trade balance

Non-farm payroll, unemployment rate, Avg hourly earnings

U.S. stocks rose and bonds pared losses after Federal Reserve Chair Jerome Powell signaled openness to rate cuts amid trade tension. The S&P 500 Index halted a two-day slide after antitrust fears erased more than $130 billion in market value from tech giants. While some analysts see the pullback as a buying opportunity, the recovery of stocks such as Alphabet Inc. was tepid. Investors are attempting to find their feet after a rout that pushed the S&P 500 into technically oversold territory for the first time this year. Powell pledged to keep a close watch on fallout from a deepening set of disputes between the U.S. and its largest trading partners. Traders have aggressively increased bets the Fed will cut interest rates this year after President Donald Trump widened ongoing trade tensions when he threatened last week to slap new tariffs on Mexico unless it stemmed migrant flows to the U.S. Currently, the TSX is up 0.39% and the DJIA is up 0.94%. EURCAD is down 0.15% trading between 1.5074 and 1.5139. GBPCAD is up 0.06% trading between 1.6981 and 1.7053. JPYCAD is down 0.23% trading between 0.01240 and 0.01246. Gold is down 0.21% trading between $1,320 and $1,329USD/oz, silver is up 1.03% trading between $14.66 and $14.84USD/oz, while oil (WTI crude) is down 0.57% trading between $52.42 and $53.45.

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