USDCAD spot rate: 1.3040 - 1.30454 (as at 5:58am PST)
Ranges: | Asia: | 1.2998 | to | 1.3020 |
Europe: | 1.2998 | To | 1.3023 | |
North America: | 1.3000 | to | 1.3051 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2850 | 1.2900 | 1.3083 | 1.3148 |
Key Economic Data Releases:
- No major data releases
Event Calendar:
Date | Canada | U.S.A. |
Nov. 10 Nov. 11 Nov. 12 Nov. 13 | Remembrance Day BOC Wilkins speech | Veterans Day CPI, jobless claims Producer price index, consumer sentiment index |
Stocks were mixed Tuesday morning as investors reined in an initial wave of optimism over a promising vaccine candidate. Tech shares remained under pressure, and the Nasdaq dipped more than 1%.
News that a Pfizer (PFE) and BioNTech's (BNTX) vaccine candidate was more than 90% effective in preventing COVID-19 in patients in its clinical trial helped fuel a market rally earlier on Monday. During the regular session, the S&P 500 and Dow rocketed to intraday records, with the latter index adding as many as 1,610 points, or 5.7% at session highs. However, both indices pared some gains into market close and we have a market that is unsure at the open.
Currently, the TSX is up 0.05% and the DJIA is up 0.26%. EURCAD is up 0.03% trading between 1.5342 and 1.5414. GBPCAD is up 0.70% trading between 1.7123 and 1.7284. JPYCAD is up 0.24% trading between 0.01234 and 0.01240. Gold is up 0.26% trading between $1,867 - $1,890 USD/oz while silver is down 0.32% trading between $23.89 - $24.41. Oil (WTI crude) is up 0.54% trading between $39.53 - $41.02.