USDCAD spot rate: 1.1228 - 1.1233 (AS AT 8:15AM PST)
RANGES:
|
Asia:
|
1.1214
|
to
|
1.1240
|
Europe:
|
1.1217
|
to
|
1.1241
|
|
North America:
|
1.1225
|
to
|
1.1255
|
Technical Support / Resistance:
S2
|
S1
|
R1
|
R2
|
1.1070
|
1.1185
|
1.1294
|
1.1360
|
Key Economic Data Releases:
-U.S. Markit service PMI: 57.3 (exp. 58.0)
-U.S.
pending home sales: 0.3% (exp. 0.5%)
Key Event Calendar:
DATE
|
CANADA
|
U.S.A.
|
Oct. 28
|
Durable goods, consumer confidence
|
|
Oct. 29
|
Raw mat. / indust. product price index
|
Fed interest rate decision
|
Oct. 30
|
GDP Q3, Core PCE, jobless claims
|
|
Oct. 31
|
GDP
|
Core PCE price index, personal income /
|
spending, consumer sentiment index
|
On Friday, USDCAD traded from 1.1233 down to 1.1195 only to climb back and close the week near intra- day highs at 1.1241. Over the weekend, the results of the European bank stress tests were better than expected. Several Asian indices climbed higher while the EURO gained and USDCAD eased from 1.1240 down to 1.1214. Goldman Sachs reduced its oil price forecast for 2015 earlier this morning sending WTI from $81.24 down to $79.48, one of the lowest levels in the past two and a half years. USDCAD climbed from an overnight low of 1.1214 up to 1.1255. U.S. data this morning missed estimates while oil prices have recovered climbing back above $80 to $80.60. USDCAD has fallen from 1.1255 to 1.1225 accordingly where it has found support and since bounced to 1.1235. Currently, the TSX is down 0.72% while the DJIA is up 0.11%. EURCAD is up 0.30% trading between 1.4227 and 1.4285. GBPCAD is up 0.30% trading between 1.8058 and 1.8137. JPYCAD is up 0.30% trading between 0.01037 and 0.01043. Gold is down 0.21% trading at $1,229USD/oz, silver down 0.19% trading at $17.15USD/oz, while oil is down 1.14%, trading at $80.10.
Please contact the VBCE trading desk at 604-685-1016 for more information on our corporate foreign exchange and wire payment services. Updates by stevebrown@vbce.ca
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