February 2021 – TradenTalks

Online trading platforms market 24×365 and binary opinion: How do you know if you’ve picked the absolute best of the lot? When it comes to picking a platform to trade, it’s always simpler when you have a checklist on how to pick the right broker! This guide does just that, walking you through everything one should keep in mind. Best trading platform for CFD is Market 24×365 (MT24x365) & Binary Opinion Some investors are willing to pay higher trade commissions for a state-of-the-art platform; others count costs above all else.…

Market

From BSE to Tokyo Stock Exchange, here’s a history of trading outages

February 25, 2021 Administrator_IndiaBSE, NYSE, Tokyo Stock Exchange, TSE0 comment

By Administrator_India Capital Sands Trading stoppages are a common occurrence not just in India, but globally as well. Often the causes are software glitches, hardware failures, and internet connectivity problems. We look at some of the important instances. July 3, 2014: BSE halts trading for three hours due to network outage July 4, 2017: A Nasdaq glitch shows prices of major tech stocks, including Alphabet as $123 per share—86 percent below the actual value July 11, 2017: Trading halted on NSE for three hours as quotation stopped updating April 25, 2018: The…

Bitcoin under pressure as comeback fades

Market

Bitcoin tumbles 17% as doubts grow over starry valuations

February 24, 2021 Administrator_IndiaBitcoin, Bitcoin tumbles, Cryptocurrency0 comment

By Administrator_India Capital Sands Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low as $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly a fifth from a record high of $58,354 hit on Sunday – though bitcoin remains up around 60% for the year. “The kinds of rallies we’ve been seeing aren’t sustainable and just invite pullbacks like this,” said Craig Erlam, senior…

Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand

Commodity

Oil Surges as Investors Bet Commodity Demand to Take Off

February 23, 2021 Administrator_IndiaCommodity Demand, Oil, Oil Surges0 comment

By Administrator _India Capital Sands Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts, boosted optimism over oil demand. Goldman Sachs Group Inc (NYSE: GS). sees Brent reaching $75 a barrel as consumption continues to recover faster than the supply from OPEC+ and shale. Meanwhile, Morgan Stanley (NYSE: MS) also boosted estimates as it sees…

International

Britain plans to unveil new visa scheme for financial technology workers

February 22, 2021 Administrator_IndiaBritain, Financial Technology, New Visa, Visa scheme0 comment

By Administrator_ India Capital Sands UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for scientists, the Telegraph reported. It’s one of five pillars contained in a Treasury-commissioned report by former Worldpay Chief Executive Officer Ron Kalifa that’s due to be delivered to Sunak as…

Mumbai sees bed rationing again as coronavirus cases rise sharply

India

India to test travellers from Brazil, South Africa, UK after detecting new virus strains

February 19, 2021 Administrator_IndiaBrazil, COVID-19, South Africa, UK0 comment

By Administrator_India Capital Sands India will make COVID-19 molecular tests mandatory for people arriving directly or indirectly from the United Kingdom, South Africa and Brazil in a bid to contain the spread of more infectious virus variants found in those countries. India, which has reported the highest number of overall COVID-19 cases after the United States, detected the South African variant in four people last month and the Brazilian one in one person this month. The government has said the South African and Brazilian strains can more easily infect a…

Business

Jeff Bezos reclaims title of world’s richest person after Elon Musk slips

February 18, 2021 Administrator_IndiaAmazon, Elon Musk, Jeff Bezos, Richest Person0 comment

By Administrator_ India Capital Sands Jeff Bezos, who’d held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk Elon Musk’s reign as the world’s richest person was brief. Tesla Inc. shares slid 2.4 percent on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who’d held the title for more than three years until last month,…

Economic News

India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts

February 17, 2021 Administrator_IndiaCovid-19 cases, India, S&P Global, Vaccination0 comment

By Administrator_India Capital Sands Rating agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next year. South Asia’s largest economy could grow 10% in fiscal 2022, the rating agency predicted in a report. India’s fiscal year begins on April 1 and ends on March 31 in the following year. In 2020, India slipped into a technical recession due to the economic fallout from a lengthy lockdown to slow the spread of the coronavirus outbreak — in aggregate, the country has…

Market

Sensex crosses 52,000-mark for first time amid huge investments by FPIs

February 16, 2021 Administrator_IndiaFPI, Investment, Nifty, Sensex0 comment

By Administrator_ India Capital Sands The Sensex on Monday crossed the 52,000-mark for the first time amid huge investments by foreign portfolio investors (FPIs) in global equity markets. The 30-share index gained 609 points, or 1.2 percent, to end the session at 52,154. The Nifty50 rose 151 points, or 1 percent, to end the session at 15,314. So far this month, both benchmark gauges have rallied close to 13 percent, supported by sustained FPI flows. Overseas investors bought shares worth Rs 1,234 crore on Monday, taking their month-to-date buying tally past…

Business

Bitcoin nears $50,000-mark as it hits a record in weekend action

February 15, 2021 Administrator_IndiaBitcoin, Cryptocurrency0 comment

By Administrator_ India Capital Sands Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day and was around $49,202 as of 10:20 a.m. in London. It’s now up about 70 percent so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150 percent year-to-date. Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller. Bloomberg reported earlier that Morgan Stanley may bet on Bitcoin in its $150…