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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Disclaimer
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.
