Why is the Canadian Dollar steadying despite a decline in oil prices

Why is the Canadian Dollar steadying despite a decline in oil prices

USD/CAD halts its four-day winning streak, trading around 1.3990 during the Asian hours on Wednesday. The US Dollar (USD) experiences downward pressure as easing risk aversion weighs on the currency, a shift largely driven by growing expectations of a breakthrough peace deal between the United States (US) and Iran. Momentum toward an agreement has accelerated, […]

New Zealand Dollar trades sideways ahead of Fed rate decision

New Zealand Dollar trades sideways ahead of Fed rate decision

The NZD/USD pair trades sideways near the 0.5830 region on Wednesday, as the New Zealand Dollar (NZD) finds mild support from a softer US Dollar, while traders remain cautious ahead of the Federal Reserve’s (Fed) policy decision. The Fed is expected to hold rates in the 3.50%-3.75% range at the first Federal Open Market Committee […]

XAG/USD clings to 200-day SMA as Fed takes center stage

XAG/USD clings to 200-day SMA as Fed takes center stage

Silver (XAG/USD) trades virtually unchanged on Tuesday around $70.00 after reclaiming its 200-day Simple Moving Average (SMA), as traders await the Federal Reserve’s (Fed) monetary policy announcement before placing large directional bets. The white metal is struggling to capitalize on the weaker US Dollar (USD) and lower Oil prices, which have come under pressure after […]