​VBCE Daily Foreign Exchange Update for Monday, June 20, 2016


USDCAD spot rate: 1.2797 - 1.2802 (as at 8:20am PST)

Ranges:

Asia:

1.2833

to

1.2851

Europe:

1.2803

to

1.2839

North America:

1.2874

to

1.2797

Technical Support / Resistance:

S2

S1

R1

R2

1.2692

1.2763

1.2926

1.3041

Key Economic Data Releases:

-No data release

Key Event Calendar:

Date

Canada

U.S.A.

June 21

June 22

June 23

June 24

Retail sale

Housing price index, existing home sales, oil inventories

Manufacturing PMI, new home sales

Durable goods orders, consumer sentiment index

The CAD has strengthened to a 1week high against the USD currently trading just below 1.28. So far it's been a relatively quiet NA session as there are no economic data releases scheduled for today. The day to watch this week is Thursday with the BREXIT vote scheduled. The 3 most recent polls all show the stay campaign edging slightly over the leave. GBP has seen its largest one session gain since 2008 up 1.6% on the day. Currently, the TSX is up 0.93% while the Dow is up 1.38%. EURCAD is down 0.23% trading between 1.4487 and 1.4607. GBPCAD is up 1.6% trading between 1.8515 and 1.8825. JPYCAD is down 1.17% trading between 0.01223 and 0.01237. Gold is down 0.98% trading between $1,278 and $1,298USD/oz., silver is up 0.31% trading between $17.29 and $17.63 USD/oz., while oil is up 1.63% trading between $48.10 and $49.19USD/barrel

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

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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.