Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 24, 2019


VBCE Daily Foreign Exchange Update for Monday, June 24, 2019

USDCAD spot rate: 1.3202 - 1.3207 (as at 8:00am PST)

Ranges:

Asia:

1.3181

to

1.3204

Europe:

1.3177

to

1.3212

North America:

1.3194

to

1.3214

Technical Support / Resistance:

S2

S1

R1

R2

1.3070

1.3150

1.3250

1.3300

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

June 25

June 26

June 27

June 28

Wholesale sales

GDP, BOC business outlook survey

Consumer confidence, new home sales

Durable goods orders

GDP Q1, GDP price index

Personal income/spending, Core PCE price index, Chicago PMI, consumer sentiment

U.S. equities fluctuated near records as investors weighed expectation for easier monetary policy against rising tensions in the Middle East. Treasuries advanced, while the dollar edged lower. Investors in risk assets have continued to shrug off signs of a global economic slowdown and focus on the increasingly dovish tone at the central banks around the world. That attention will intensify Tuesday when Fed Chair Jerome Powell discusses monetary policy. But sentiment could be at a crossroads as the conflict between the U.S and Iran has ramped up, and the meeting between China's President Xi Jinping and Trump this week at the Group 20 conference in Japan presents a pivot for trade relations between the 2 counties. Currently, the TSX is up 0.09% and the DJIA is up 0.19%. EURCAD is up 0.09% trading between 1.5000 and 1.5048. GBPCAD is down 0.23% trading between 1.6769 and 1.6841. JPYCAD is down 0.23% trading between 0.01226 and 0.01229. Gold is up 0.67% trading between $1,398 and $1,411USD/oz, silver is up 0.48% trading between $15.29 and $15.43USD/oz, while oil (WTI crude) is down 0.10% trading between $57.20 and $58.20.

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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.