Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 2, 2020

USDCAD spot rate: 1.3565 - 1.3570 (as at 6:47am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian Int'l merchandise trade -.68B (-3.0B exp.) -4.27B previous

- U.S. Non-farm payrolls 4800k (3000k exp.) 2699K previous

- U.S. Initial jobless claims 1427k (1355k exp.) 1482k previous

Event Calendar:

U.S. stocks climbed after better-than-estimated jobs data indicated an economic rebound from the sharpest contraction on record. Treasuries and the dollar fell.

The S&P 500 extended its weekly gain as a government report showed payrolls rose by 4.8 million in June after an upwardly revised 2.7 million gain in the prior month. The unemployment rate fell to 11.1%. Economic-sensitive companies such as retailers and airlines jumped. Tesla Inc. surged after reporting deliveries that beat the average analyst estimate.

The TSX is up 0.34% and the DJIA is up 1.48%. EURCAD is up 0.23% trading between 1.5288 and 1.5355. GBPCAD is up 0.07% trading between 1.6939 and 1.7026. JPYCAD is down 0.39% trading between 0.01260 and 0.01266. Gold is down 0.27% trading between $1,775 - $1,774USD/oz. Silver is down 0.74% trading between $17.75 - $18.01. Oil (WTI crude) is up 1.20% trading between $39.54 - $40.43.