Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 5, 2021


USDCAD spot rate: 1.2759 - 1.2764 (as at 5:40am PST)

Ranges:

Asia:

1.2740

to

1.2790

Europe:

1.2730

To

1.2770

North America:

1.2730

to

1.2765

Technical Support / Resistance:

S2

S1

R1

R2

1.2600

1.2695

1.2790

1.2850

Key Economic Data Releases:

-No major data releases at time of report

Event Calendar:

Date

Canada

U.S.A.

Jan.06

Jan.07

Jan.08

Imports/exports

Unemployment rate

ADP employment change, markit PMI

Trade balance, jobless claims

Unemployment rate

Stock futures drifted sideways Tuesday morning as investors awaited results from the Georgia Senate runoff elections and nervously eyed worsening COVID-19 trends in the U.S. and abroad.

Contracts on the Dow edged lower in the early session, after the index dropped 1.25% on Monday for its worst start to a year since 2016. S&P 500 and Nasdaq futures also fluctuated between mild losses and gains.

Traders are closely watching developments around Georgia's Senate runoffs, with these elections set to determine control over the chamber and the balance of power in Congress. So far, investors have largely assumed that Republicans will maintain control of the Senate, albeit with a very narrow majority, given the party's recent tendency to win Senate seats especially in off-cycle elections. Still, polls so far have shown a razor thin lead for both Democratic candidates. Voting for the elections ends on Tuesday.

Currently, the TSX is down 0.25% and the DJIA is down 1.25%. EURCAD is up 0.69% trading between 1.5548 and 1.5658. GBPCAD is down 0.28% trading between 1.7245 and 1.7412. JPYCAD is up 0.22% trading between 0.01231 and 0.01236. Gold is up 2.42% trading between $1,898 - $1,944USD/oz. Silver is up 3.30% trading between $26.34 - $27.57. Oil (WTI crude) is down 2.14% trading between $47.27 - $49.83.

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