Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 24, 2020
USDCAD spot rate: 1.2846 - 1.2851 (as at 6:00am PST)
| Ranges: | Asia: | 1.2860 | to | 1.2898 |
| Europe: | 1.2823 | To | 1.2865 | |
| North America: | 1.2827 | to | 1.2855 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2772 | 1.2815 | 1.2923 | 1.3011 |
Key Economic Data Releases:
- Canada Building permits 12.9% (3% exp.) -12.6% previous
Event Calendar:
| Date | Canada | U.S.A. |
| Dec. 25 | Christmas Day | Christmas Day |
Stock futures headed toward a slightly higher open ahead of the final trading day of the holiday-shortened week.
The U.S. stock market will close early at 1 p.m. on Thursday, and the bond market will close at 2 p.m. in observation of Christmas Eve. Both the stock and bond markets will close all day on Friday for Christmas Day.
As of Thursday, the period of the typical "Santa Claus rally" had begun. This marks the last five trading days of December and the first two of the new year, when stocks tend to rise amid a wave of optimism around the holiday season and new year. According to LPL Research, stocks were higher overthe seven-day trading period 77.9% of the time since 1950.
Currently, the TSX is up 0.04% and the DJIA is up 0.12%. EURCAD is down 0.08% trading between 1.5652 and 1.5696. GBPCAD is up 0.56% trading between 1.7333 and 1.7500. JPYCAD is up 0.40% trading between 0.01239 and 0.01241. Gold is up 0.62% trading between $1,860 - $1,885USD/oz. Silver is up 0.25% trading between $25.55 - $25.90. Oil (WTI crude) is down 0.69% trading between $47.57 - $48.60.
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