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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 5, 2020


USDCAD spot rate: 1.3065 - 1.3070 (as at 6:00am PST)

Ranges:

Asia:

1.3135

to

1.3178

Europe:

1.3100

To

1.3140

North America:

1.3052

to

1.3120

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3050

1.3300

1.3385

Key Economic Data Releases:

- U.S. Fed interest rate decision

- U.S. Initial jobless claims 751k (732k exp.) 758k previous

Event Calendar:

Date

Canada

U.S.A.

Nov. 6

Net employment change

Net employment change

Stocks rallied globally as investors rushed back into technology and health-care firms on bets that the U.S. election results will trigger no major tax hikes or regulatory changes that would derail the sectors.

The tech-heavy Nasdaq 100 jumped another 2.6% after the underlying gauge surged on Wednesday, when the vote count failed to produce a clear Democratic sweep as some had expected. The reduced likelihood of a multi-trillion-dollar stimulus package in a divided Congress helped pushed the dollar down the most versus the euro since March. Treasuries held onto modest gains after U.S. jobless claims fell less than anticipated.

Currently, the TSX is up 0.31% and the DJIA is up 1.52%. EURCAD is down 0.20% trading between 1.5363 and 1.5488. GBPCAD is down 0.74% trading between 1.7054 and 1.7225. JPYCAD is up 0.25% trading between 0.01252 and 0.01266. Gold is down 0.68% trading between $1,877 - $1,916USD/oz while silver is down 1.59% trading between $23.21 - $24.49. Oil (WTI crude) is up 2.91% trading between $37.27- $38.85..

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The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.