Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 25, 2021

Foreign Exchange Update for Monday, Jan. 25, 2021

USDCAD spot rate: 1.2755 - 1.2760 (as at 8:25am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- No major data releases

Event Calendar:

U.S. stocks turned lower in mid-morning on concern a fiscal aid package may be delayed, while European shares dipped as investors weighed tougher lockdowns to control the pandemic. Energy and materials shares were among the worst performers on the S&P 500 Index after the top Senate Democrat said lawmakers would try to pass stimulus in a month at the earliest. The Nasdaq 100 joined the decline ahead of earnings reports due from some of the biggest tech names. The picture was more negative in Europe, with equity benchmarks in France, Spain and the U.K. turning lower. The Stoxx 600 Travel & Leisure index lost 2% amid news France may go into another lockdown, the U.K. may tighten border controls and as Israel moved to bar foreign flights from entering the country. The S&P 500 is coming off its best week since November, and investors are looking for fresh catalysts to push the index higher or at least justify current valuations. That could come from a slate of earnings reports due this week that will shed light on how the biggest tech companies are faring and whether retailers, travel companies and restaurants are seeing any meaningful pickup in business. In Asia, stocks gained. Elsewhere in markets, crude oil in New York traded near $52 a barrel and the dollar gained. Sovereign bond yields dipped while Bitcoin rebounded above $34,000. Currently, the TSX is up 0.43% and the DJIA are down 0.48%. EURCAD is down 0.25%, trading between 1.5426 and 1.5500. GBPCAD is up 0.02% trading between 1.7368 and 1.7426. JPYCAD is up 0.12% trading between 0.01222 and 0.01228. Gold is down 0.08% trading between $1,849 - $1,867USD/oz. Silver is down 0.31% trading between $25.25 - $25.77USD/oz. Oil (WTI crude) is up 0.01% trading between $51.94 - $52.89.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group