Forex – Yuan Pushes Higher After Data Release

By Ritu, Capital Sands The Chinese yuan is flying Friday, climbing to six month highs against the U.S. dollar in the wake of the release of the country’s latest economic growth figures. The USD/CNY pair traded at 6.8598, down 0.3%, while the US Dollar Index Futures,...

EUR/USD crosses over 200-day moving average, what are the next targets? Where should stops be placed? (UBS)

The EUR/USD posted gains yesterday, with undeniable technical consequences, after hesitating for a few days. For the record, the pair had threatened to go down at the beginning of the week, as sellers were lining up on key resistance levels. However, yesterday's...

EUR/USD: Goldman Sachs thinks the Fed may resort to negative interest rates this year

The U.S. Federal Reserve could resort to negative interest rates this year, despite their own current doubts about the risks of this unconventional move, Goldman Sachs analysts told reporters 2 days ago. When central banks implement negative interest rates, it means...

The interest rate parity (IRP) model

The interest rate parity model indicates says that if two currencies have different interest rates, this difference is reflected in the premium or discount of the futures price (futures contract), in order to avoid risk-free arbitrage. For example, if the US interest...

The FCA quantifies the impact on broker revenues of CFD offer restrictions

The UK's Financial Conduct Authority revealed the results of an impact study concerning the regulation that restricts the offer of contracts for difference (CFD) to retail traders. The rules limit the leverage between 30:1 and 2:1 depending on the volatility of the...

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

By Ritu, Capital Sands China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. But data on...

Merkel Spends Big to Kickstart Germany’s Stalled Coal Exit

By Ritu, Capital Sands Chancellor Angela Merkel clinched a deal to kickstart Germany’s stalled coal exit, offering billions in compensation to utilities and coal regions so that closures of plants can start this year. In talks that began Wednesday evening and lasted...

Ruble Slides as Putin Announces Government’s Resignation

By Ritu, Capital Sands The ruble fell on Wednesday after President Vladimir Putin announced the resignation of the Russian government. The announcement comes against the background of speculation that Putin is planning to tweak the constitution to avoid having to...

Forex – Markets Calm; Sterling Awaits Inflation Data

By Ritu, Capital Sands A tone of caution prevails in the foreign exchange markets Wednesday, ahead of the signing of the much-awaited trade deal between U.S. and China. the safe-haven yen was slightly firmer against the U.S. dollar, with USD/JPY trading at...

Michael Patra appointed deputy governor of RBI for a three-year term

By Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the...

Pound on Longest Losing Streak Since May on BOE Easing Talk

By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out...

Asian Markets Rise as U.S. Drops China’s Currency Manipulator Label

By Ritu, Capital Sands Asian stocks rose in morning trade on Tuesday after the U.S. dropped China’s currency manipulator label, saying that it has made “enforceable commitments” not to devalue the yuan. China’s Shanghai Composite inched up 0.1%, while...

Sterling Slips vs Dollar, Euro as Vlieghe Fuels Rate Hopes

By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the...

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USD/JPY Technical Analysis: Weekly close beyond 109.70/75 will be a call to bulls

By Ritu, Capital Sands USD/JPY trades positive near the two-week high, on a five-day winning streak.Bullish engulfing on the weekly chart confronts 109.48/52 resistance confluence.200-week SMA adds to the resistance. USD/JPY takes the bids to 109.55 during the initial...

China’s Vice Premier Liu to sign U.S. trade deal in Washington next week

By Ritu, Capital Sands China's Vice Premier Liu He, head of the country's negotiation team in Sino-U.S. trade talks, will sign a "Phase 1" deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng,...

Safe-haven currencies retreat as U.S., Iran seen defusing crisis

By Ritu, Capital Sands The Japanese yen and Swiss franc retreated on Thursday as the United States and Iran backed away from the brink of further conflict in the Middle East. U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with...

Oil Prices Up After Iran Attacks Two U.S.-Iraqi Airbases, Sparking More Conflicts

By Ritu, Capital Sands Oil prices jumped on Wednesday in Asia after Iran attacked two U.S.-Iraqi airbases in response to a U.S. airstrike that killed a top Iranian general last week, sparking worries of intensifying conflict in the Middle East. Overnight, the Pentagon...

Swiss franc holds gains, Yen steady as traders eye Iran

By Ritu, Capital Sands The Swiss franc held gains against the dollar on Tuesday as traders sought save-havens amid heightened anxiety about potential Iranian retaliation to a U.S. drone strike that killed its most prominent military commander. The yen, another...

BNP Joins JPMorgan in Setting Up Singapore Currency Trading Hub

By Ritu, Capital Sands BNP Paribas  is planning to join JPMorgan Chase  & Co. and Citigroup Inc . by setting up an electronic currency trading and pricing platform in Singapore. The facility will support electronic trading of 50 currencies in spot,...

Asian Markets Fall Amid Escalating Middle East Tensions, Trade War Uncertainties

By Ritu Capital Sands Asian equities traded mostly lower in morning trade on Monday amid heightened geopolitical tensions in the Middle East, and uncertainties surrounding the singing of the Sino-U.S. phase one trade deal. China’s Shanghai Composite and...

German unemployment rises more than expected in December

By Ritu, Capital Sands German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe's biggest economy. Data from the Federal Labor Office showed the...

Brent jumps nearly $3 after U.S. air strike kills Iran, Iraq officials

By Ritu, Capital Sands Brent crude futures jumped close to $3 on Friday to their highest since September after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent...

India Stocks Rise as Investors Turn Attention to Fiscal Spending

By Ritu, Capital Sands India stocks advanced, extending gains for a second day on the expectation that the government’s plans to spend big will haul the country out of its economic woes. The S&P BSE Sensex 50 climbed 0.3% to 41,419.41 at 9:39 a.m. in...

Dollar starts new year with a hangover as others find cheer

By Ritu, Capital Sands The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic out performance could be coming to an end as optimism on trade brightens the outlook for growth globally. Signs of progress in the...

European shares falter as year-end rally fades

By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New...

Yuan hits multi-month highs as economy shows signs of stabilization

By Ritu, Capital Sands The Chinese yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 by 8:45 PM ET, continuing a multi-day slide. The People’s Bank of...

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world's biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic...

Dollar trims annual gains in low volatility year, more action seen in 2020

By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors' risk appetite, sapping safe-haven demand for the greenback. The dollar...

Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes

By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent...

Trade optimism puts floor on dollar/yen, boosts Aussie

By Ritu, Capital Sands The dollar hovered near a six-month high versus the Japanese yen while the Australian dollar climbed to its strongest since July on Friday, buoyed by easing Sino-U.S. trade tensions. The optimism around prospects for a trade deal reduced demand...

Oil climbs, lifted by U.S.-China trade deal hopes, OPEC cuts

By Ritu, Capital Sands Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode. Brent crude was up 28 cents, or 0.4%, at $67.48...

5 Things to Watch for in Global Markets in 2020

By Ritu,      Capital Sands 1. No end in sight to the U.S.-China struggle for supremacy The trade war between the U.S. and China, which hobbled the world economy almost single-handedly in 2019 is likely to leave deep marks on 2020 too. The International...

European shares hover near record high in thin holiday trade

By Ritu, Capital Sands European shares traded near all-time highs on Tuesday in a holiday-shortened week, helped by optimism about the global economic outlook amid progress in U.S.-China trade talks. The pan-European STOXX 600 index was nearly unchanged . Britain's...

Cong bigwigs on ‘satyagraha’ against CAA, Jagan says won’t implement NRC

By Ritu, Capital Sands Stating that democracy in India is under threat from the BJP-led government at the Centre, West Bengal Chief Minister Mamata Banerjee wrote to chief ministers and senior leaders belonging to opposition parties urging them to unite and chalk out...

European shares edge lower ahead of Christmas holiday break

By Ritu, Capital Sands European shares dipped slightly on Monday after nearing a record high in the previous session, as trading thinned ahead of the Christmas and Boxing Day holidays later in the week. The pan-European STOXX 600 index was down 0.1% at 0814 GMT, with...

Battle lines harden over Trump impeachment trial witnesses

By Ritu, Capital Sands The White House on Sunday signaled comfort with plans by Senate Republicans to avoid new witnesses in President Donald Trump's impeachment trial, while a top Democrat seized on a newly released email on the withholding of U.S. aid to Ukraine to...

China says bilateral relationship with U.S. has experienced serious difficulties

By Ritu, Capital Sands China said Friday its relationship with the United States had experienced serious difficulties, but they should work in accordance with the consensus reached by the two countries' leaders to push forward a stable bilateral relationship. Chinese...

European stocks grind higher in pre-holiday trading

By Ritu, Capital Sands European shares edged higher on Thursday, with a pre-holiday lull making for a quiet trading session aside from a handful of corporate updates. The pan-European STOXX 600 rose 0.2% by 0821 GMT, with media, healthcare and utilities sectors...

In historic moment, U.S. House impeaches Donald Trump for abuse of power

By Ritu, Capital Sands. Donald Trump became the third U.S. president to be impeached on Wednesday, as the House of Representatives formally charged him with abuse of power in a historic step that will inflame partisan tensions across a deeply divided America. The...

Stocks Fluctuate, Treasuries Edge Up; Pound Slips: Markets Wrap

By Ritu, Capital Sands European stocks edged higher on Wednesday while U.S. equity futures fluctuated and Asian shares were mixed. Bonds also nudged upward while the pound extended its decline. The Stoxx Europe 600 Index traded slightly higher as most national...

Japan to trim annual government bond issuance next fiscal year – sources

By Ritu, Capital Sands Japan plans to trim government bond issuance by 0.5% next fiscal year from current year's levels, government officials said on Wednesday, as Prime Minister Shinzo Abe walks a fine line between supporting an economy and reining in huge public...

Trump ratings highest ever over economics, despite impeachment proceedings

By Ritu, Capital Sands Strong economic figures have helped US President Donald Trump to his highest approval ratings ever, despite impeachment, a new poll found Monday. Although the Quinnipiac University survey said Trump has a high of 43 per cent for his...

Oil hovers near three-month high on trade optimism, supply cuts

By Ritu, Capital Sands Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world's biggest...

Pound Gains on Brexit Optimism as Focus Shifts to Trade Talks

By Ritu, Capital Sands Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The pound rallied for a second day amid optimism a speedy resolution to the Brexit deadlock is in store after the Conservative Party’s...

Asian Markets Mixed as Lighthizer Says No Date is Set for Phase Two Talks

By Ritu, Capital Sands Asian markets were mixed on Monday morning in Asia as U.S. Trade Representative Robert Lighthizersaid the phase one Sino-U.S. trade deal is “totally done,” but no date is set for the next phase two talks. China’s Shanghai Composite slipped 0.1%...

Brexit relief for UK economy might not last long

By Ritu, Capital Sands Britain's economy will cast off some of the Brexit uncertainty that has held it back since 2016 after Prime Minister Boris Johnson's election triumph, but the risk remains of another "cliff-edge" showdown with Brussels in a year's time. With...

Sterling sparkles after election poll, Yuan up on trade deal reports

By Ritu Capital Sands The pound rose to a three-and-a-half year high versus the euro and the highest in more than a year versus the dollar after exit polls suggested a win for the Conservatives, which should help ensure the UK's smooth exit from the European Union....

StockBeat: Dovish Fed, Dominant Tories Push Europe Markets Higher

By Ritu, Capital Sands European stocks found their feet again on Wednesday after the Federal Reserve signalled that it’s likely to remain on hold throughout next year, seemingly convinced that historically low jobless rates won’t create enough inflationary pressure to...

Forex – U.S. Dollar Slips After Fed; Pound Gains Ahead of ECB Meeting, Election

By Ritu, Capital Sands The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 97.035 by 10:02 PM ET. Overnight, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged in the range of 1.5% to 1.75%....

Pound slips on UK poll projections, dollar eyes Fed

By Ritu, Capital Sands The British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnson's Conservative Party in an election later in the week, while U.S. dollar movement looked to the Federal Reserve's policy meeting....

Federal Reserve Interest Rate Decision December 10-11 Preview: Watching for the Projection Materials

By Ritu, Capital Sands No expectation for a change in the fed funds target rate.US economy has strengthened since the October FOMC.Market interest will be on the Fed’s rate and GDP estimates for 2020 and 2021. The Federal Reserve will finish its scheduled two day...

Stocks Slip While U.S. Futures Drift With Bonds: Markets Wrap

By Ritu, Capital Sands Stocks fell in Europe while U.S. equity-index futures fluctuated in the countdown to major central bank meetings and a deadline on fresh China tariffs. Treasuries and the dollar were steady. The Stoxx Europe 600 Index opened lower for a second...

Dollar steadies as investors brace for key risk events

By Ritu, Capital Sands The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington...

Oil prices slip as weak China exports highlight trade war impact

By Ritu, Capital Sands Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war. Brent futures (LCOc1)...

Dollar bolstered by U.S. jobs data, markets look to trade talks

By Ritu, Capital Sands. The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war. The dollar index stood almost flat...

Good, Bad and Ugly: Decisive Week May Set Course for Currencies

By Ritu, Capital Sands The next week could set the tone for the $6.6 trillion-a-day currency market in 2020.The geopolitical risks that have shaped foreign exchange this year -- Brexit and the U.S.-China trade war -- are approaching a critical point, according to...

Asian Markets Gain Ahead of U.S. Nonfarm Payrolls Data

By Ritu, Capital Sands Asian markets gained in morning trade on Friday ahead of the release of U.S. nonfarm payrolls data for November due later in the day stateside. China’s Shanghai Composite was little changed by 10:35 PM ET (02:35 GMT), while...

OPEC and allies prepare to deepen oil output cuts

By Ritu, Capital Sands OPEC and its allies led by Russia were moving closer on Thursday to agreeing to deeper oil supply cuts next year to support crude prices and prevent a glut, sources from OPEC and its allied producers said. The Organization of the Petroleum...

Asian currencies fueled by new trade optimism

By Ritu, Capital Sands Asian currencies made something of a comeback on Thursday morning in Asia as optimism about a possible trade deal between China and the US returned. The USD was lost a little ground and the Australian dollar stopped a multi-day slide even as the...

Forex – Dollar Near 1-Month Lows as Trade War Fears Ramp Up

By Ritu, Capital Sands The U.S. dollar was trading near one-month lows on Wednesday after U.S. President Donald Trump warned a trade deal with China might not come until after the 2020 presidential election and threatened to escalate his trade war with other nations....

Gold Prices Up; Trade Deal Might Come After 2020 Election

By Ritu, Capital Sands  Gold prices were supported by a fresh round of uncertainty of the US-China trade deal on Wednesday morning in Asia. The precious metal still hovered near a three-week high above $1,480. Gold Futures contracts were up 0.06% to trade at...

France and EU ready to fight back over U.S. tariff threat, ministers say

By Ritu, Capital Sands France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday. On Monday, the U.S. government said it may impose punitive duties of up to 100% on $2.4...

Gold trades marginally lower, awaiting trade talk cues

By Ritu, Capital Sands Gold traded marginally lower on Tuesday morning in Asia, hovering around the $1,468 range as the U.S. and China are still in talks for ‘deal or no deal.’ Gold Futures contracts traded at $1,467.95 by 10:00 PM ET (03:00 GMT), down 0.09%....

Oil jumps on Chinese factory growth, hopes for deeper OPEC cuts

By Ritu, Capital Sands Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. Brent...

USD/CHF Technical Analysis: Sellers focused on spinning top near multi-week high

By Ritu, Capital Sands USD/CHF declines after registering a bearish candlestick formation the previous day.Buyers look for sustained trading beyond 1.0000 psychological magnet.200-day SMA can please sellers during further downside. USD/CHF drops to 0.9985 during the...

Yen gains, Yuan falls as Hong Kong tensions muddy trade progress

By Ritu, Capital Sands The safe-haven yen rose against the dollar after U.S. President Donald Trump signed into law support for anti-government protesters in Hong Kong, which could complicate efforts to end the U.S.-China trade war. That caused the yuan to fall in...

Asian shares climb on Trump trade deal comments

By Ritu, Capital Sands Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff hostilities, while expectations the Federal Reserve will keep interest rates low supported sentiment. The positive mood pushed Wall...

REFILE-FOREX-Dollar hits 1-week high on yen as U.S.-China trade deal hopes rise

By Ritu, Capital Sands. The dollar held an upper hand against the yen on Tuesday as optimism on a trade deal between the United States and China dented the allure of the safe-haven unit while the British pound was supported by hopes of an end to a hung parliament....

GLOBAL MARKETS-Asia shares regain footing as mood swings on trade

By Ritu, Capital Sands Asian shares made guarded gains on Monday as investors dared to hope for some progress in the endless Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. MSCI's broadest index of...

FOREX-Dollar slips as Chinese comments marginally boost risk appetite

By Ritu, Capital Sands The dollar was marginally down on Friday and risk appetite boosted by statements from China on the need to find a solution to the tit-for-tat tariff war with the United States, raising hopes that a "phase one" deal could be reached. Chinese...

Oil falls from 2-month high as U.S.-China trade doubts dominate

By Ritu, Capital Sands Oil prices were toppled from their highest in nearly two months on Friday by doubts over future demand for crude as uncertainty continues to shroud a potential U.S.-China trade deal, and along with it the health of the global economy. That was...

Trade War Threatens Tech Sectors in China and Silicon Valley

By Ritu, Capital Sands While the U.S-China trade war rages on, the tensions are exposing growing rifts between China and Silicon Valley. Leading venture capitalists and startup founders expressed concern over their governments’ fierce differences and the potential...

PRECIOUS-Gold edges up on concerns of delay in U.S.-China trade deal

By Ritu, Capital Sands  Gold prices inched up on Thursday, supported by concerns that U.S. bills on Hong Kong could increase tensions between the United States and China and delay an interim trade deal. Spot gold XAU= rose 0.1% to $1,471.93 per ounce by...

Trade friction, oil drive European shares to worst day in six weeks

By Ritu Capital Sands European stocks were on track for their worst day in six weeks on Wednesday, as a threat of U.S.-China trade negotiations hitting an impasse weighed, while a slump in Germany's Wire-card and falling oil prices added to the gloom. Germany's...

Asia shares trapped in a trade maze, oil nurses losses

By Ritu, Capitals Sands Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks. Figures from the...

Gold prices steady as U.S.-China trade deal doubts linger

By Ritu, https://capitalsands.com/ Gold held steady on Tuesday, after hitting its highest since Nov. 7 earlier in the session, as doubts about a trade deal between the United States and China dented risk sentiment. Spot gold was little changed at $1,471.90 per...

Near zero GDP today, among fastest growing next year: FM on Indian economy

By Administrator_ India Capital Sands Union Finance Minister Nirmala Sitharaman on Tuesday said the growth rate of the country’s gross domestic product (GDP) might be “near zero” this fiscal year. However, with signs of economic revival, India might well be one of the...

Dollar Down, U.S.-China Tensions Rise

By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number...

US Election 2020: It’s not how you talk about friends: Biden on Trump calling India ‘filthy’

By Administrator_ India Capital Sands Slamming President Donald Trump for his comment on India's air pollution, former vice president and Democratic Party's presidential nominee Joe Biden on Saturday said he and his running mate Kamala Harris deeply value America's...

Starting your own Forex, CFDs and Binaries Brokerage with HND Ventures Ltd. Private Label Solution

HND Ventures Ltd. is the ideal one-stop-shop where brokers can find everything they need from A to Z to start their own independent Forex brokerage. Providing all services, from technology to company incorporation, from website design to payment processing, the entire...

PM Modi to meet 15 global funds to promote investment, assess views on reforms in the country

By Administrator_ India Capital Sands Prime Minister Narendra Modi would be meeting 15 global funds to promote investments and to assess their views on reforms that are required to attract long-term capital into the country. The meeting would focus on investment in...

Forex Broker & Trading News

Europe Posts Strong Gains; More Stimulus Eyed

Europe Posts Strong Gains; More Stimulus Eyed

By Ritu, Capital Sands European stock markets have pushed firmly higher Tuesday, as investors anticipate more financial aid to help bolster the region’s battered economies. The EU’s finance ministers will be in focus Tuesday as they meet to try and agree a list of measures to mitigate the impact of the coronavirus on the region’s economies. If enough headway is made, the bloc’s leaders could debate and then rubber stamp a deal later in the...

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Europe Pushes Higher; Virus Optimism Rises

Europe Pushes Higher; Virus Optimism Rises

By Ritu, Capital Sands European stock markets posted strong gains Monday, helped by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. At 03:45 AM ET (0745 GMT), the U.K.'s FTSE index traded 2.6% higher, France's CAC 40 was up 3.3%, while the DAX rose 3.9%. The broader-based Stoxx 600 Europe index climbed 2.6%. The number of deaths has fallen in...

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Forex Analyses

U.S. Economy Shrinks by Historic 32.9%; Jobless Claims Rise Again

U.S. Economy Shrinks by Historic 32.9%; Jobless Claims Rise Again

By Administrator_India Capital Sands   The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5% contraction in the first quarter, although they warned that the figure grossly exaggerates the...

Dollar finds footing as Sino-U.S. tensions escalate

Dollar finds footing as Sino-U.S. tensions escalate

By Administrator_India Capital Sands   The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world's two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday and has helped the greenback find support in Asian...

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