VBCE Daily Foreign Exchange Update for Tuesday, Sept. 29, 2016

An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. Global stocks were pulled higher by the oil company rally. Oil prices, however, edged off their highs as some investors took profits on Wednesday's more than 5 per cent surge, which was prompted by OPEC's first deal to limit output since 2008.

Read more

VBCE Daily Foreign Exchange Update for Tuesday, Sept. 28, 2016

USDCAD spot rate: 1.3242 - 1.3247 (as at 8:45am PST)

The CAD is down 0.42% against the USD and is underperforming against most of the G10 currencies. The outlook for relative central bank policy remains dominant as expectations for the Bank of Canada continue to deteriorate. Markets are now pricing in a 30% chance of a 25bpt cut over the next 12 months. OPEC members begin their talks in Algiers today. Iran's minister said ahead of the meeting that his country is unwilling to freeze production at current levels and has no intention of reaching an accord this week, but hinted that an agreement could be struck at the next OPEC meeting in November in Vienna.

Read more

​VBCE Daily Foreign Exchange Update for Tuesday, Sept. 27, 2016

USDCAD spot rate: 1.3220 - 1.3225 (as at 8:20am PST)

World shares swung higher and the Mexican peso surged more than two per cent on Tuesday, as investors awarded the first U.S. presidential debate to Democrat Hillary Clinton over Republican Donald Trump.

Read more

Foreign Exchange Market Recap "And The Beat Goes On" - September 26, 2016

Image result for and the beat goes on

US Federal Reserve Chair Janet Yellen's intimation of a possible hike in December was initially dismissed by investors but has now gained a measure of credibility. Post-Yellen, a number of major hedge fund managers and other market players made the point that the zero interest rate policy may have outlived its usefulness, and that it was time for the Fed to be 'normalising' rates. Dollar bulls bought aggressively on those sentiments.

Read more


Follow us

Follow us on Twitter @vbcefx


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.