Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold Down, as Mixed Economic Data Takes Shine off Yellow Metal

By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021 and 553,000 initial jobless claims were filed over the past week, with government support such as money to mostly low-income households driving Thursday’s positive data. Investors also continue to monitor progress on a $1.8 trillion stimulus plan proposed by U.S. President Joe Biden…

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

Oil prices extend gains as demand outlook offsets India concerns

By Administrator_ India Capital Sands Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan, and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while U.S. West Texas Intermediate crude for June was at $63.98 a barrel, up 12 cents, or 0.2%. OPEC, Russia, and their allies, a group known as OPEC+, stuck to their plans for a gradual easing of…

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US plans Covid-19 booster shots at six months instead of eight: Report Coronavirus News 

India’s Covaxin vaccine ‘very important antidote’ against Covid

By Administrator_ India Capital Sands Covaxin, India’s home-grown COVID-19 vaccine, has been found to neutralize the 617 variant of the deadly virus, White House chief medical adviser and America’s top pandemic expert Dr. Anthony Fauci said in Washington. Fauci was speaking to reporters during a conference call on Tuesday. “This is something where we’re still gaining data on a daily basis. But the most recent data was looking at convalescent Sera of COVID-19 cases and people who received the vaccine used in India, the Covaxin. It was found to neutralize…

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Economic News 

Dollar near multi-week lows before Fed, bitcoin reclaims $54,000

By Administrator_ India Capital Sands The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week. The safe-haven greenback was also out of favor after world stocks started the week hitting a record high, amid increasing investor confidence in a rapid global recovery from the pandemic. In cryptocurrencies, bitcoin traded around $54,000 following a 10% surge on Monday, driven by reports that JPMorgan Chase  is planning to offer a managed bitcoin fund.…

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Dollar holds weak bias on expectations Powell will shun tapering Economic News 

Dollar holds weak bias on expectations Powell will shun tapering

By Administrator_ India Capital Sands The dollar nursed losses against most currencies on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week. The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook. Powell is likely to face questions over whether an improving labor market and rising coronavirus vaccinations warrant a withdrawal of…

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India logs 332503 new cases; 2256 deaths amid Oxygen woes India 

India logs 332503 new cases; 2256 deaths amid Oxygen woes

By Administrator_ India Capital Sands India reported 332,503 fresh coronavirus infections on Friday, taking the cumulative caseload to 16,257,309, Worldometer showed this morning. This is the first time any country has recorded over 300,000 cases in just 24 hours. Amid oxygen shortage and the faltering health system in the country, India saw 2,256 deaths in the highest single-day spike. The death toll from the deadly infection stands at 186,928. The country now has more than 2.4 million active cases. Amid the unprecedented Covid situation in the country, Prime Minister Narendra…

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What is a Trading Platform? Trading Platform 

What is a Trading Platform?

A trading platform is a software used for trading: opening, closing, and managing market positions through a financial intermediary such as an online broker. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per month. The best trading platforms offer a mix of robust features and low fees. KEY TAKEAWAYS Trading platforms are software tools used to manage and execute market positions.  Platforms range from basic order entry screens…

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BSE, NSE shut today on account of Ram Navami

By Administrator_ India Capital Sands The National Stock Exchange of India (NSE) and the BSE will remain closed on April 21 on account of Ram Navami. Wholesale commodity markets, including metal and bullion, will also remain shut. There will be no trading activity in the forex and commodity futures markets either. On April 20, while the Sensex shed 243.62 points or 0.51% to end at 47,705.80, Nifty was down 63.10 points or 0.44% to close at 14,296.40. “Index opened a day with a strong gap but profit booking from highs…

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Britain adds India to travel 'red-list' as COVID-19 cases surge Coronavirus News 

Britain adds India to travel ‘red-list’ as COVID-19 cases surge

By Administrator_ India Capital Sands The United Kingdom has announced to impose its strictest travel curbs on India after an explosion of coronavirus cases in the country. The announcement was made on Monday, shortly after British Prime Minister Boris Johnson called off a scheduled trip to New Delhi. Health Secretary Matt Hancock said that it will be effective from 0300 GMT on Friday, India will be added to Britain’s “red list” of countries, banning all arrivals from India except for the UK or Irish nationals. “We’ve made the difficult but…

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AirAsia announces free rescheduling on all flight bookings till May 15 International 

AirAsia announces free rescheduling on all flight bookings till May 15

By Administrator_ India Capital Sands AirAsia India has announced free rescheduling on all flights for bookings till May 15, 2021. In a statement, the airline said that guests can now make unlimited changes for all bookings and changes made till May 15, irrespective of the travel dates, without incurring any flight change fees. “To ensure that its customers continue to have the greatest flexibility if their travel plans change with increased uncertainty and travel restrictions, the airline has extended this offer on its new website as well as other major…

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