​VBCE Daily Foreign Exchange Update for Tuesday, June 14, 2016

USDCAD spot rate: 1.2845 - 1.2850 (as at 7:40am PST)

Ranges:

Asia:

1.2815

to

1.2837

Europe:

1.2817

to

1.2871

North America:

1.2820

to

1.2873

Technical Support / Resistance:

S2

S1

R1

R2

1.2691

1.2764

1.2907

1.2935

Key Economic Data Releases:

- US Retail Sales (MoM May) .5% (.3% exp) 1.3% prev.

Key Event Calendar:

Date

Canada

U.S.A.

June 15

June 16

June 17

Producer price index, industrial production,

Crude oil inventories, Fed interest rate and economic projections

CPI, Philly FED manufacturing index

Housing Starts

Again Brexit has reared its ugly head to roil the FX markets. A major British Tabloid announced their backing of the "LEAVE" campaign today with the latest polls still showing a majority of respondents wanting Britain to exit the Eurozone. German Government Bunds trekked into negative territory for the first time ever . Concern in Europe mounts as momentum seems to be with the "leave" camp and time is quickly running out. The US Fed meeting's release tomorrow ensures that risk aversion will continue. Currently the TSX is down 0.01% and the Dow is down by 0.41% . EUROCAD is down 0.67% trading between 1.4382 and 1.4492. GBPCAD is down 0.52% trading between 1.8117 and 1.8238. JPYCAD is up 0.25% trading between 0.01206 and 0.01216. Gold is up 0.23% trading between $1276 and 1290 USD/oz, Silver is down 0.24% trading between $17.23 and $17.49USD/oz, while oil is down 0.31% trading between $48.05 and 48.67USD/barrel.

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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.