Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 26, 2021


VBCE Daily Foreign Exchange Update for Tuesday, Jan. 26, 2021

USDCAD spot rate: 1.2725 - 1.2720 (as at 4:45am PST)

Ranges:

Asia:

1.2740

to

1.2755

Europe:

1.2755

To

1.2782

North America:

1.2715

to

1.2757

Technical Support / Resistance:

S2

S1

R1

R2

1.2600

1.2644

1.2800

1.2850

Key Economic Data Releases:

- No data release at time of report

Event Calendar:

Date

Canada

U.S.A.

Jan. 27

Jan. 28

Jan. 29

Building permits

GDP (Nov)

Durable goods, Fed interest rate decision

GDP Q4, jobless claims

Personal income/spending, Chicago PMI, consumer sentiment index

Stock futures ticked up in early trading Tuesday as traders considered the latest batch of corporate earnings results and mulled prospects of another robust stimulus proposal getting passed.

The S&P 500 looked to add to its record closing high, while contracts on the Nasdaq fluctuated between gains and losses. Contracts on the Dow also rose, with the index on track to shake off Monday's declines. Shares of Dow component Johnson & Johnson (JNJ) jumped in early trading after its fourth-quarter results and full-year forecast topped estimates.

Stocks this week have also been closely tracking traders' assessments of the path forward for more fiscal stimulus, especially as concerns over new variants of the coronavirus and a disorderly vaccine roll-out raise the specter of longer-term virus-related damage to the economy.

Currently, the TSX is up 0.13% and the DJIA are up 0.28%. EURCAD is down 0.25%, trading between 1.5438 and 1.5498. GBPCAD is down 0.02% trading between 1.7379 and 1.7431. JPYCAD is down 0.22% trading between 0.01225 and 0.01231. Gold is down 0.08% trading between $1,848 - $1,861USD/oz. Silver is up 0.21% trading between $25.19 - $25.50USD/oz. Oil (WTI crude) is up 0.41% trading between $52.32 - $53.24.

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

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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.