USDCAD spot rate: 1.2795 - 1.2800 (as at 7:45am
PST)
Ranges:
|
Asia:
|
1.2765
|
to
|
1.2793
|
Europe:
|
1.2751
|
to
|
1.2779
|
|
North America:
|
1.2735
|
to
|
1.2819
|
Technical Support / Resistance:
S2
|
S1
|
R1
|
R2
|
1.2492
|
1.2617
|
1.2798
|
1.30
|
Key Economic Data Releases:
CAD Wholesale Sales -3.1% (exp. -0.8%)
US Fed Interest Rate Decision tba (11am)
Key Event Calendar:
Date
|
Canada
|
U.S.A.
|
Mar. 19
Mar. 20
|
CPI,
retail sales
|
Current account(Q4), initial jobless claims
|
Canadian Wholesale Sales were the
worst in 6 years, and oil prices continue their downward spiral. Despite this
all eyes are on the US FED interest decision upcoming later this morning. The
USD / Cad is still relatively flat and will probably remain this way for the
rest of the morning with traders keeping a neutral position as protection from
any Fed surprise comments.. The only notable movement in the currency pairings
continues to be the British pound, down for a third straight day. The North
American stock markets are all down again this morning. The TSX is down .33%
while the Dow is .39% lower. EURCAD is up again by .21% trading between 1.3538 and 1.3606. GBPCAD
is down, by 0.49% trading between 1.8733 and 1.8915. JPYCAD is up 0.29% trading
between 0.01053 and 0.01059. Gold is down 0.09% trading between $1,146 and $1,153USD/oz.,
silver is down 0.33% trading between $15.47 and $15.63USD/oz., while oil is down
.47% trading between $42.06 and $42.96.
Sources: Reuters, Bloomberg,
FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC,
Forexlive
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