Corona Hits US – TradenTalks

US-China trade optimism to limit XAU/USD’s rebound

August 25, 2020 Administrator_IndiaCommodity News0 comment

By Administrator_India Capital Sands Gold (XAU/USD) started out the week on the back foot and closed Monday below $1930, extending Friday’s weakness. The spot once again failed to sustain above the $1950 level, as the coronavirus vaccine optimism lifted the risk sentiment and dulled the haven appeal of gold. Wall Street closed at record highs while the rally in the US Treasury yields prompted the US to stage a solid comeback across the board. Markets cheered the US Food and Drug Administration’s authorization of the use of blood plasma from…

Corona Hits US Covid-19

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

August 5, 2020 Administrator_IndiaGold0 comment

By Administrator_India Capital Sands Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold has also rallied in a sign of heightened uncertainty around the long-term effects of the global health crisis. Spot gold jumped to a record high of $2,030.72 per ounce…

Asian Market Corona Hits US

Stocks try to shake off second wave virus fears

June 22, 2020 Administrator_IndiaU.S. stock futures erased losses0 comment

By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out gains of 0.1%, similarly recovering from early losses. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat while mainland Chinese stocks ticked up 0.3% to 3-1/2-month highs. After a…

Corona Hits US Covid-19

Dollar Down Amid Rising U.S.-China Tensions

May 18, 2020 Administrator_IndiaDollar Down0 comment

By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains on Friday. U.S.-China tensions rose over the weekend after White House trade advisor Peter Navarro suggested in a “This Week” interview that Beijing sent “hundreds of thousands of Chinese on aircraft to Milan, New York and around the world” to spread the virus after hiding it from the world for two months. Meanwhile, U.S. Federal Reserve Chair Jerome Powell said in a separate interview that the U.S. economy could shrink up to 30% in the second quarter but will avoid a second Great Depression in…

Asian Market Corona Hits US

Dollar eases on defiant economic hopes, negative rates spectre

May 8, 2020 Administrator_IndiaDollar eases on defiant economic hopes0 comment

By Administrator_India Capital Sands The dollar slipped on Friday as investors defied a broader sense of doom around upcoming U.S. employment data and found reasons to buy riskier currencies with more governments slowly reopening their economies for business. The greenback was undermined by a further hit to its yield attraction as U.S. money markets priced in a small chance of negative interest rates next year. The dollar’s index against a basket of six other major currencies slipped to 99.829 from Thursday’s high of 100.40. The euro edged back to $1.0835…

Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail

Business Corona Hits US

Trump says up to 100,000 Americans may die from coronavirus

May 4, 2020 Administrator_IndiaUS-China0 comment

By Administrator_India Capital Sands U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by the year’s end. Trump alternated during a two-hour virtual town hall broadcast by FOX News between forecasting a rapid recovery for the U.S. economy and casting blame for the pandemic’s spread on China, where the disease is believed to have originated. The COVID-19 illness, caused by…

Corona Hits US Japan Exports Slump

Japan exports slump as coronavirus hits U.S., Chinese demand

April 20, 2020 Administrator_IndiaJapan Exports Slump0 comment

By Administrator_India Capital Sands Japan’s exports slumped the most in nearly four years in March as U.S.-bound shipments, including cars, fell at the fastest rate since 2011, highlighting the damage the coronavirus pandemic is inflicting on global demand and trade. Monday’s bleak data underscored the challenges Prime Minister Shinzo Abe’s government faces in dealing with a collapse in an activity that is expected to send the global economy into its deepest slump since the Great Depression of the 1930s. After a jump in virus cases, Abe expanded a state of…