Currencies unchanged, stocks moving higher

By MoneyWay | Apr 3, 2019

Equities are moving closer to their highs of the year, as upbeat economic reports from China to Europe and renewed hopes for a Sino-U.S. trade deal attracted investors to riskier assets. President Trump’s top economic adviser Larry Kudlow told reporters, the U.S. and China are making “good headway” in trade negotiations but unready to reach a deal and hope to get closer this week.

The Canadian dollar remains basically unchanged as oil prices took a bit of a breather, theoretically, the Canadian dollar should be stronger to the USD, however, until the Canadian economy starts to define which way its going, investos will remain nervous.

Currently             Close                     Range

USDCAD               1.3322                   1.3337                   1.3296-1.3353                   

EURCAD               1.4968                   1.4943                   1.4924-1.4996

GBPCAD               1.7525                   1.7511                   1.7486-1.7581

                                                                                Prior                      Actual

US: ADP employment report March         183K                      129K     

       ISM Non-Mfg Index March                   59.7                        56.1

       Petroleum Status Report wk 3/29

                Crude oIl                                              2.8M Brls             7,.2M Brls                           

                Gasoline                                           -2.9M Brls           -1.8M Brls

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