Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 24, 2020
USDCAD spot rate: 1.3060 - 1.3065 (as at 5:55am PST)
| Ranges: | Asia: | 1.3045 | to | 1.3069 |
| Europe: | 1.3011 | To | 1.3055 | |
| North America: | 1.3030 | to | 1.3076 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2950 | 1.3010 | 1.3120 | 1.3170 |
Key Economic Data Releases:
-No data releases at time of report
Event Calendar:
| Date | Canada | U.S.A. |
| Nov. 25 Nov. 26 Nov. 27 | GDP Q3, durable goods orders, new homes sales, personal income, jobless claims, FOMC minutes Thanksgiving Day |
Cyclical companies are powering global equities higher for a second day as investors cheered the start of U.S. President-elect Joe Biden's formal transition and the prospect for more economic stimulus.
The S&P 500 and Russell 2000 outpaced the tech-heavy Nasdaq as investors doubled down on economically sensitive sectors such as travel and energy. Oil and gas shares led the Stoxx 600 Index higher. EasyJet Plc and International Consolidated Airlines Group SA rose after England planned to cut its quarantine period for arrivals from high-risk countries.
Haven assets were broadly weaker, while Bitcoin extended its searing rally, surpassing $19,000 for the first time since 2017.
Currently, the TSX is up 0.21% and the DJIA is up 0.76%. EURCAD is up 0.31% trading between 1.5447 and 1.5511. GBPCAD is down 0.04% trading between 1.7386 and 1.7433. JPYCAD is down 0.15% trading between 0.01247 and 0.01250. Gold is down 1.71% trading between $1,804 - $1,836USD/oz. Silver is down 2.20% trading between $22.92 - $23.61. Oil (WTI crude) is up 1.23% trading between $43.03 - $43.77.
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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.
