Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 12, 2021


VBCE Daily Foreign Exchange Update for Tuesday, Jan. 12, 2021

USDCAD spot rate: 1.2745 - 1.2750 (as at 5:15am PST)

Ranges:

Asia:

1.2760

to

1.2791

Europe:

1.2732

To

1.2765

North America:

1.2739

to

1.2765

Technical Support / Resistance:

S2

S1

R1

R2

1.2630

1.2694

1.2819

1.2870

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Jan. 13

Jan. 14

Jan. 15

CPI

Retail sales, initial jobless claims

Industrial production, consumer sentiment

Stock futures rose Tuesday morning, setting up the three major indices to recover some of Monday's losses.

Equities fell at the start of the week to give back some of last week's record-setting advances. Twitter (TWTR) shares stabilized in pre-market trading after closing at a one-month low, after the company banned President Donald Trump from the platform and stirred up concerns over increased regulatory scrutiny and impacts to user growth.Traders have been assessing the path forward for the stock market, weighing the additional stimulus that will likely come to fruition under a unified Democratic government against the ongoing surge in COVID-19 cases and hospitalizations across the country. Fifty percent of the U.S. population will likely receive their first dose of a COVID-19 vaccine by May, Goldman Sachs economists said in a note Monday.

Currently, the TSX is up 0.14% and the DJIA is up 0.37%. EURCAD is down 0.28% trading between 1.5480 and 1.5536. GBPCAD is up 0.29% trading between 1.7263 and 1.7347. JPYCAD is down 0.56% trading between 0.01221 and 0.01226. Gold is up 0.64% trading between $1,841 - $1,863USD/oz. Silver is up 1.33% trading between $24.98 - $25.62. Oil (WTI crude) is 1.40% trading between $52.16 - $53.26.

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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.