USDCAD spot rate: 1.3275 - 1.3280 (as at 7:25am PST)
Ranges: | Asia: | 1.3285 | to | 1.3301 |
Europe: | 1.3267 | To | 1.3294 | |
North America: | 1.3272 | to | 1.3289 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3150 | 1.3190 | 1.3320 | 1.3270 |
Key Economic Data Releases:
- No major data releases
Event Calendar:
Date | Canada | U.S.A. |
Feb. 5 Feb. 6 Feb. 7 | Int'l merchandise trade Net employment change, unemployment rate, Avg. hourly wages, Ivey PMI | ADP employment change, trade balance Non-farm payrolls, unemployment rate, Avg. hourly earnings |
U.S. stocks rallied with crude and copper, while Treasuries plunged as investors speculated the global economy can withstand the impact from the still-spreading coronavirus after China's market sell-off eased. The S&P 500 headed for its best two-day surge since October, with 10 of 11 main groups advancing Tuesday. European equities jumped 1.5% and emerging-market shares rallied the most in five months. The risk-on mood gained steam after Shanghai stocks rebounded from a record $720 billion wipeout and the offshore yuan recouped the previous session's decline. Treasuries slipped with gold. Oil jumped back over $50 a barrel and copper looked to halt a 14-day retreat.Currently, the TSX and the DJIA are up 0.85% and 1.53% respectively. EURCAD is down 0.27% trading between 1.4654 and 1.4711. GBPCAD is up 0.05% trading between 1.7193 and 1.7323. JPYCAD is down 0.66% trading between 0.01214 and 0.01224. Gold is down 1.35% trading between $1,556 and $1,579USD/oz. Silver is down 0.55% trading between $17.61 and $17.78. Oil (WTI crude) is up 1.20% trading between $49.90 and $51.40.