USDCAD spot rate: 1.3350 - 1.3355 (as at 8:10am PST)
Ranges: | Asia: | 1.3364 | to | 1.3383 |
Europe: | 1.3337 | to | 1.3384 | |
North America: | 1.3350 | to | 1.3362 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3250 | 1.3300 | 1.3442 | 1.3500 |
Key Economic Data Releases:
- Canadian CPI: 0.4% (exp 0.2% / prev 0.4%
- U.S. Fed interest rate decision: 11am
- U.S. economic projections: 11am
Event Calendar:
Date | Canada | U.S.A. |
June 20 June 21 | Retail sales | Jobless claims, Philly Fed manufacturing Markit mfg. / services, existing home sales |
U.S. equities were little changed Wednesday while Treasuries slipped as investors prepared for the latest Federal Reserve meeting to conclude, with anticipation growing that policy makers will signal a readiness to lower rates. The 2 main U.S. stock gauges drifted alongside the dollar, while the Stoxx Europe 600 was also little changed. Earlier, shares in Asia rallied, tracking the gains Tuesday that almost sent the S&P 500 to a record high after President Trump tweeted that he will sit down with Chinese President Xi Jinping at the G-20 summit next week. As many of the world's biggest central banks signal a shift to easier policy, traders are weighing that against trade war fears and signs of cooling global growth. Currently, the TSX is up 0.02% and the DJIA is up 0.16%. EURCAD is up 0.04% trading between 1.4938 and 1.4994. GBPCAD is up 0.41% trading between 1.6769 and 1.6879. JPYCAD is up 0.48% trading between 0.01229 and 0.01235. Gold is down 0.06% trading between $1,341 and $1,347USD/oz, silver is down 0.20% trading between $14.91 and $15.02USD/oz, while oil (WTI crude) is up 3.95% trading between $53.33 and $54.28.