Tags : Central Banks

USD/CAD Loses NFP-Inspired Rally amid Higher Energy Prices

The North American currency pair back was on its heels Monday, as rebounding energy prices and better than expected Canadian housing starts supported the Canadian dollar. The USD/CAD declined more than half a percent to 1.2454. Initial support is likely found at 1.2417 and resistance at 1.2589. The pair rebounded on Friday after the United […]Read More

How Do Central Banks Affect Exchange Rates

We all know that central bank decisions are some of the most influential occurrences on the forex markets, but how do the actual mechanics work? When the Bank of Japan lowers interest rates, the SNB stops buying Euros, or the ECB starts buying bonds, what’s going on? Here we’re going to have a look at […]Read More

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Tags : Central Banks

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