FED Forex Trading with Capital Sands 

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 nature of the drop. The 9.5% drop in output, in absolute terms, was the sharpest fall in output since the government started to keep records in…

Read More
Asian Market Business 

Asian stocks rise, dollar languishes near two-year lows on Fed

By Administrator_India Capital Sands   Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending the dollar to a two-year trough. All Fed members voted to leave the target range for short-term rates between 0% and 0.25%, where it has been since March 15 when the virus was beginning to hit the nation. The unchanged policy setting together with a pledge the Fed would use its “full range of tools” if…

Read More
Commodity Economic News 

Hike in Gold Price Slows, Still Near Record Highs

By Administrator_India Capital Sands   Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package. Gold futures gained 0.05% to $1,945.60, lower than the $1,968.00 level hit on Tuesday, suggesting that the relentless climb in the price of the yellow metal may be coming to an end. Investors are also looking to the U.S. Federal Reserve’s meeting, scheduled for later in the day, for clues on the U.S. economy’s health. However, some…

Read More
Trading Platform 

Best platform technology (Market 24×365) – Open Account

Promo Offer: Commission-Free Trades on Stocks, ETFs & Options, Forex, Indices Trades As a trading technology leader, Market-24×365 (24Hrs x 365days) shines, supporting traders through its web-based platform as well as its desktop and Mobile platform, which we rated No. 1 for Platform Technology. Both are excellent. Market-24×365 (24Hrs x 365days)  was ranked first overall for order execution, providing traders industry-leading order fills alongside a competitive platform. For day traders, Market-24×365 (24Hrs x 365days)  flagship desktop platform, and includes several unique, in-house brewed tools, including Real-Time Analytics (streaming trade signals) and Trade Armor (real-time position analysis)…

Read More
Trading Platform 

Best Day Trading Platforms for 2020

Day Trading, which is buying and selling shares during the same trading session, exploded in popularity back in the booming stock market of the 1990s. Everyone was trying to get in and out of securities and make a profit on an intraday basis. After the dot-com market crash in 2000, the SEC and FINRA established the “Pattern Day Trader” rule in 2001, which increased the requirements to day trade in an effort to better protect consumers. To day trade today, you have at least $25,000 to comply with the Pattern Day Trader rule. Traders…

Read More
Commodity Covid-19 

Oil Holds Near $41 Amid Concerns About U.S. Demand Recovery

By Administrator_India Capital Sands   Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, while infections and deaths surged across many regions in the U.S. Oil was still poised to eke out a second weekly gain, buoyed earlier in the week by stimulus measures agreed by European Union leaders.…

Read More
FED Forex Analysis 

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 trade on Thursday. The euro  sat at $1.1571, about 0.3% below a 21-month high of $1.1601,…

Read More
Asian Market Business 

Euro stands tall as investors bet recovery hampers dollar, stocks up

By Administrator_India Capital Sands   The euro stood at an 18-month high, silver soared and commodities forged ahead on Wednesday, as economic recovery hopes drove bets on rebounding world demand and a falling U.S. dollar. Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index fell 1%. S&P 500 stock futures advanced 0.4% in line with the relatively positive mood. The euro’s rally was triggered by European Union leaders striking a deal for a region-wide…

Read More
Commodity Covid-19 

Gold hovers near nine-year high as virus fears drive safe-haven demand

By Administrator_India Capital Sands   Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce, after hitting its highest since September 2011 at $1,820.06 on Monday. U.S. gold futures were little changed at $1,817.80. European Union leaders appeared to near an agreement on Monday on a 750-billion-euro stimulus plan for regional economies hit by…

Read More
FED Forex Analysis 

Dollar Up, Boosted by Ever-Rising COVID-19 Numbers and Souring U.S-China Relations

By Administrator_India Capital Sands   The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2 million mark the same day. The surging number of cases prompted investor fears over the global economic recovery, with more states re-implementing lockdowns. There are over 13.7 million cases globally as of July 17, according to Johns Hopkins University data.…

Read More